IPS (Northants) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09309102 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

INDEPENDENT PROPERTY SERVICES

(NORTHANTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C M Corbett

Ms Z Yerrell

REGISTERED OFFICE:

1 Rose Paddock

Woodford

Kettering

Northamptonshire

NN14 4RB

REGISTERED NUMBER:

09309102 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

2,558,603

2,563,228

CURRENT ASSETS

Debtors

5

34,205

60,869

Cash at bank and in hand

44,679

35,152

78,884

96,021

CREDITORS

Amounts falling due within one year

6

54,743

70,940

NET CURRENT ASSETS

24,141

25,081

TOTAL ASSETS LESS CURRENT LIABILITIES

2,582,744

2,588,309

CREDITORS

Amounts falling due after more than one
year

7

(1,488,002

)

(1,496,071

)

PROVISIONS FOR LIABILITIES

(79,629

)

(79,629

)

NET ASSETS

1,015,113

1,012,609

CAPITAL AND RESERVES

Called up share capital

621,100

Fair value reserve

466,156

Retained earnings

(72,143

)

(74,647

)

SHAREHOLDERS' FUNDS

1,015,113

1,012,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th August 2026 and were signed on its behalf by:

Ms Z Yerrell - Director

Ms C M Corbett - Director

1.	STATUTORY INFORMATION

Independent Property Services (Northants) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST OR VALUATION

At 1st December 2024

and 30th November 2025

2,499,931

117,197

4,740

13,324

2,635,192

DEPRECIATION

At 1st December 2024

-

58,446

3,295

10,223

71,964

Charge for year

-

3,489

361

775

4,625

At 30th November 2025

-

61,935

3,656

10,998

76,589

NET BOOK VALUE

At 30th November 2025

2,499,931

55,262

1,084

2,326

2,558,603

At 30th November 2024

2,499,931

58,751

1,445

3,101

2,563,228

Cost or valuation at 30th November 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

Valuation in 2017

138,428

-

138,428

Valuation in 2018

88,126

-

88,126

Valuation in 2019

32,300

-

32,300

Valuation in 2020

131,784

-

131,784

Valuation in 2021

178,472

-

178,472

Cost

1,930,821

117,197

4,740

13,324

2,066,082

2,499,931

117,197

4,740

13,324

2,635,192

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,960

21,935

Other debtors

31,245

38,934

34,205

60,869

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

3,470

5,032

Taxation and social security

1,304

1,164

Other creditors

49,969

64,744

54,743

70,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

1,334,801

1,342,870

Other creditors

153,201

1,488,002

1,496,071

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,334,801

1,342,870

Investment loans more 5yrs

153,201

1,488,002

1,496,071

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, there was a balance owing to the company by a director of £5,232 (2024: £5,519).

At the year end, there was a balance owing to a director by the company of £26,996 (2024: £45,336).