Ideal Property Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10272742

		25 July 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		767		247,768
Investment Properties	5		246,721		-

			247,488		247,768
CURRENT ASSETS
Debtors	6	513		-
Cash at bank and in hand		2,206		2,611

		2,719		2,611
Creditors: Amounts Falling Due Within One Year		(186,537 )		(178,063 )

NET CURRENT ASSETS (LIABILITIES)			(183,818 )		(175,452 )

TOTAL ASSETS LESS CURRENT LIABILITIES			63,670		72,316

Creditors: Amounts Falling Due After More Than One Year	7		(160,000 )		(164,316 )

NET LIABILITIES			(96,330 )		(92,000 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(96,430 )		(92,100 )

SHAREHOLDERS' FUNDS			(96,330)		(92,000)

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Ideal Property Services Limited

Balance Sheet (continued)

As At 25 July 2025

For the period ending 25 July 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs C Croxton

Director

7 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ideal Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10272742 . The registered office is 42 Tyndall Court, Lynchwood, Peterborough, PE2 6LR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in prepaing its financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Plant & machinery	25% on cost

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 in full.

Basic financial assets, including trade and other debtors, cash and bank balances, and investments in ordinary shares that are not publicly traded, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Such assets are subsequently carried at amortised cost using the effective interest method, less impairment where applicable.

Basic financial liabilities, including trade and other creditors, bank loans, director loans, and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets are derecognised when the contractual rights to the cash flows expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

Impairment losses are recognised where there is objective evidence that a financial asset is impaired.

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Ideal Property Services Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 25 July 2025

2.7. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.7. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method

2.8. Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9 Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & machinery	Total
	£	£	£
Cost
As at 1 August 2024	246,721	1,119	247,840
Transfers	(246,721 )	-	(246,721 )

As at 25 July 2025	-	1,119	1,119

Depreciation
As at 1 August 2024	-	72	72
Provided during the period	-	280	280

As at 25 July 2025	-	352	352

Net Book Value
As at 25 July 2025	-	767	767

As at 1 August 2024	246,721	1,047	247,768

5. Investment Property

	25 July 2025
	£
Fair Value
As at 1 August 2024	-
Transfers	246,721

As at 25 July 2025	246,721

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Ideal Property Services Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 25 July 2025

6. Debtors

	25 July 2025	31 July 2024
	£	£
Due within one year
Other debtors	513	-

7. Creditors: Amounts Falling Due After More Than One Year

	25 July 2025	31 July 2024
	£	£
Bank loans	160,000	164,316

Bank loans of £160,000 (2025: £164,316), due after more than one year, are secured by the comapny.

8. Share Capital

	25 July 2025	31 July 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year rent was charged by the directors totalling £20,000 (2024: 12,000).

During the year the company was loaned monies from the directors. The balance outstanding at the year end totalled £1,100 (2024: £1,422), which is shown within other creditors. No interest has been charged on this loan. This loan is repayable on demand.

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