Iden Properties ( Surrey ) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06891384 (England and Wales)

Financial Statements for the Year Ended 30th April 2020

for

Iden Properties ( Surrey ) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

-

558

CURRENT ASSETS

Stocks

24,000

24,000

Debtors

5

19,000

378,557

Investments

6

206,613

3,613

Cash at bank and in hand

2,990

140,499

252,603

546,669

CREDITORS

Amounts falling due within one year

7

(227,431

)

(546,783

)

NET CURRENT ASSETS/(LIABILITIES)

25,172

(114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,172

444

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

100,000

-

Retained earnings

(74,829

)

443

SHAREHOLDERS' FUNDS

25,172

444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2020 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 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 director and authorised for issue on 17th December 2020 and were signed by:

C Webster - Director

1.	STATUTORY INFORMATION

Iden Properties ( Surrey ) Ltd 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

Stock represents an estimate of work-in-progress at the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2019

and 30th April 2020

558

DEPRECIATION

Charge for year

558

At 30th April 2020

558

NET BOOK VALUE

At 30th April 2020

-

At 30th April 2019

558

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Iden Investments

10,000

-

Kingsman Properties Ltd

-

269,557

Greenways

-

100,000

Albert Hall Estates

9,000

9,000

19,000

378,557

6.	CURRENT ASSET INVESTMENTS

30.4.20

30.4.19

£

£

Greenways Investment

200,000

-

Urban Matrix LLP investments

6,613

3,613

206,613

3,613

A loan of £100,000 was converted to a property equity investment of £100,000, known as Greenways, and was subsequently revalued upwards to the director's valuation of £200,000.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

-

3,000

Other creditors

28,889

300,668

Iden Solutions Ltd

9,000

14,000

Social security and other taxes

3,125

3,103

Directors' loan accounts

186,417

214,012

Accrued expenses

-

12,000

227,431

546,783

8.

RESERVES

Revaluatio

reserve

£

Greenways

100,000

At 30th April 2020

100,000

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed £186,418 (2019:£214,012) to the Director.

10.	ULTIMATE CONTROLLING PARTY

Mr C Webster owns the entire share capital of the company.