Iden Properties ( Surrey ) Limited - Limited company accounts 18.2

REGISTERED NUMBER: 06891384 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 30th April 2019

for

Iden Properties ( Surrey ) Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

C Webster

REGISTERED OFFICE:

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

06891384 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

The director presents his report with the financial statements of the company for the year ended 30th April 2019.

DIRECTOR

C Webster held office during the whole of the period from 1st May 2018 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

C Webster - Director

1st October 2019

TURNOVER

44,000

46,167

Cost of sales

(14,000

)

(23,000

)

GROSS PROFIT

30,000

23,167

Administrative expenses

(34,104

)

(21,605

)

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(4,104

)

1,562

Tax on (loss)/profit

-

(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(4,104

)

1,562

FIXED ASSETS

Tangible assets

4

558

CURRENT ASSETS

Stocks

24,000

-

Debtors

5

243,778

365,667

Investments

6

3,613

Cash at bank and in hand

140,499

10,263

411,890

379,543

CREDITORS

Amounts falling due within one year

7

(412,004

)

(375,553

)

NET CURRENT (LIABILITIES)/ASSETS

(114

)

3,990

TOTAL ASSETS LESS CURRENT
LIABILITIES

444

4,548

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

443

4,547

SHAREHOLDERS' FUNDS

444

4,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director on 1st October 2019 and were signed by:

C Webster - Director

1.	STATUTORY INFORMATION

Iden Properties ( Surrey ) 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2018

and 30th April 2019

558

NET BOOK VALUE

At 30th April 2019

558

At 30th April 2018

558

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

Amounts owed by group undertakings

234,778

356,667

Other debtors

9,000

243,778

365,667

6.	CURRENT ASSET INVESTMENTS

30.4.19

30.4.18

£

Urban Matrix LLP investments

3,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

Trade creditors

2,999

20,001

Other creditors

-

110,000

Amounts owed to group undertakings

179,890

4,900

Social security and other taxes

3,103

105

Directors' loan accounts

214,012

228,547

Accrued expenses

12,000

412,004

375,553

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed £214,012 (2017:£228,547) to the director.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is C Webster.