REGISTERED NUMBER: 15998134 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 4 OCTOBER 2024 TO 31 MARCH 2026

FOR

ILA INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Harrington

A R Harrington

REGISTERED OFFICE:

No 3 Dutch Barn

Blounts Farm, Blounts Court Road

Sonning Common

Reading

RG4 9PA

REGISTERED NUMBER:

15998134 (England and Wales)

FIXED ASSETS

Investment property

4

525,000

CURRENT ASSETS

Debtors

5

480

Cash at bank

23,768

24,248

CREDITORS

Amounts falling due within one year

6

566,121

NET CURRENT LIABILITIES

(541,873

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,873

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(16,875

)

(16,873

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

R G Harrington - Director

A R Harrington - Director

1.	STATUTORY INFORMATION

ILA Investments Limited is a private company, limited by shares, registered in England and Wales. The address of its registered office is Blounts Farm, Blounts Court Road, Sonning Common, Reading, RG4 9PA.

The principal activity of the company is residential property management and lettings.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of

the company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The company has made a profit during the period and has a positive cash position at the period end. At the time of signing these accounts, the directors have prepared forecasts based on future trading expectations. The directors consider that these forecasts indicate that the company will continue to trade for a period of at least twelve months from the date of signing the accounts. On that basis, the directors have prepared these financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from property rental income and related service charge income is recognised as it becomes receivable under tenancy agreements.

Investment property

Investment property has been included in the accounts at market value. This is considered on an annual basis by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Dividends

Equity dividends are recognised when they become legally payable.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

553,890

Revaluations

(28,890

)

At 31 March 2026

525,000

NET BOOK VALUE

At 31 March 2026

525,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

525,000

If investment property had not been revalued it would have been included at the following historical cost:

£

Cost

553,890

Investment property was valued on an open market basis on 31 March 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

1

Prepayments and accrued income

479

480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

2,818

Other creditors

77,234

Directors' current accounts

484,499

Accruals and deferred income

1,570

566,121