Igneouz Properties Limited 30/06/2020 iXBRL

Igneouz Properties Limited 30/06/2020 iXBRL

IGNEOUZ PROPERTIES LIMITED - Company Information

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30/06/2020 2020-06-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2019-07-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 06840883 2019-07-01 2020-06-30 06840883 2020-06-30 06840883 2019-06-30 06840883 bus:OrdinaryShareClass1 2019-07-01 2020-06-30 06840883 bus:Director1 2019-07-01 2020-06-30 06840883 core:WithinOneYear 2020-06-30 06840883 core:WithinOneYear 2019-06-30 06840883 core:ShareCapital 2020-06-30 06840883 core:ShareCapital 2019-06-30 06840883 core:CapitalRedemptionReserve 2020-06-30 06840883 core:CapitalRedemptionReserve 2019-06-30 06840883 core:RetainedEarningsAccumulatedLosses 2020-06-30 06840883 core:RetainedEarningsAccumulatedLosses 2019-06-30 06840883 bus:OrdinaryShareClass1 core:ShareCapital 2020-06-30 06840883 bus:OrdinaryShareClass1 core:ShareCapital 2019-06-30 06840883 bus:SmallEntities 2019-07-01 2020-06-30 06840883 bus:AuditExempt-NoAccountantsReport 2019-07-01 2020-06-30 06840883 bus:FullAccounts 2019-07-01 2020-06-30 06840883 bus:SmallCompaniesRegimeForAccounts 2019-07-01 2020-06-30 06840883 bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30
Company registration number: 06840883
Companies House
Igneouz Properties Limited
Unaudited filleted financial statements
30 June 2020
Igneouz Properties Limited
Contents
Statement of financial position
Notes to the financial statements
Igneouz Properties Limited
Statement of financial position
30 June 2020
2020 2019
Note £ £ £ £
Current assets
Debtors 5 12,073 14,263
Cash at bank and in hand 211 73
_______ _______
12,284 14,336
Creditors: amounts falling due
within one year 6 ( 8,574) ( 4,985)
_______ _______
Net current assets 3,710 9,351
_______ _______
Net assets 3,710 9,351
_______ _______
Capital and reserves
Called up share capital 7 50 50
Capital redemption reserve 450 450
Profit and loss account 3,210 8,851
_______ _______
Shareholder funds 3,710 9,351
_______ _______
For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 December 2020 , and are signed on behalf of the board by:
Mr Simon Bullingham
Director
Company registration number: 06840883
Igneouz Properties Limited
Notes to the financial statements
Year ended 30 June 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and the business address is 5 Tebbit Mews, Winchcombe Street, Cheltenham, Gloucestershire, GL52 2NF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £1.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 0 (2019: 0).
5. Debtors
2020 2019
£ £
Prepayments and accrued income 300 -
Other debtors 11,773 14,263
_______ _______
12,073 14,263
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors - 1,895
Accruals and deferred income 2,474 990
Director loan accounts 6,100 2,100
_______ _______
8,574 4,985
_______ _______
7. Called up share capital
Issued, called up and fully paid
2020 2019
No £ No £
Ordinary shares of £ 0.10 each 500 50 500 50
_______ _______ _______ _______