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Company Registration No. 13322227 (England and Wales)
Ipswich Property Services Ltd Unaudited accounts for the year ended 31 December 2025
Ipswich Property Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ipswich Property Services Ltd Company Information for the year ended 31 December 2025
Directors
S Mitchell M Mitchell
Company Number
13322227 (England and Wales)
Registered Office
c/o Accountancy Plus 9 Langley Street Langley Norwich NR14 6DE
Accountants
Accountancy Plus & Payroll People Ltd Mill Cottage Norwich Road Chedgrave Norwich Norfolk NR14 6ND
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Ipswich Property Services Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
425,668
440,000
Current assets
Cash at bank and in hand
1,028
1,102
Creditors: amounts falling due within one year
5
(500)
(523)
Net current assets
528
579
Total assets less current liabilities
426,196
440,579
Creditors: amounts falling due after more than one year
6
(409,702)
(408,480)
Provisions for liabilities
Deferred tax
(1,290)
(4,307)
Net assets
15,204
27,792
Capital and reserves
Called up share capital
100
100
Profit and loss account
15,104
27,692
Shareholders' funds
15,204
27,792
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by
S Mitchell Director Company Registration No. 13322227
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Ipswich Property Services Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Ipswich Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13322227. The registered office is c/o Accountancy Plus 9 Langley Street, Langley, Norwich, NR14 6DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors loans from banks and other third parties and loans to related parties.
Borrowing costs
All borrowing costs are recognised int he Income Statement in the period in which they accrue.
4
Investment property
2025
£
Fair value at 1 January 2025
440,000
Net loss from fair value adjustments
(14,332)
At 31 December 2025
425,668
The 2024 valuations were undertaken by the Directors.
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
23
Accruals
500
500
500
523
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Ipswich Property Services Ltd Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
292,329
292,329
Loans from directors
117,373
116,151
409,702
408,480
The long term creditors represent borrowings against the properties owned by the company. The borrowings are secured against the property into which they relate.
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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