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

REGISTERED NUMBER: 06891384 (England and Wales)

Financial Statements for the Year Ended 30th April 2021

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

CURRENT ASSETS

Stocks

24,000

Debtors

5

9,000

19,000

Investments

6

256,613

206,613

Cash at bank

48,618

2,990

338,231

252,603

CREDITORS

Amounts falling due within one year

7

(318,778

)

(227,431

)

NET CURRENT ASSETS

19,453

25,172

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,453

25,172

CAPITAL AND RESERVES

Called up share capital

1

Revaluation reserve

8

150,000

100,000

Retained earnings

(130,548

)

(74,829

)

SHAREHOLDERS' FUNDS

19,453

25,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2021 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 23rd November 2021 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 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2020

and 30th April 2021

558

DEPRECIATION

At 1st May 2020

and 30th April 2021

558

NET BOOK VALUE

At 30th April 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

Iden Investments

-

10,000

Albert Hall Estates

9,000

19,000

6.	CURRENT ASSET INVESTMENTS

30.4.21

30.4.20

£

Greenways Investment

250,000

200,000

Urban Matrix LLP investments

6,613

256,613

206,613

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 £250,000.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

Other creditors

-

28,889

Iden Solutions Ltd

19,000

9,000

Social security and other taxes

3,125

Directors' loan accounts

296,653

186,417

318,778

227,431

8.

RESERVES

Revaluation

reserve

£

At 1st May 2020

100,000

Greenways

50,000

At 30th April 2021

150,000

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed £296,653 (2020:£186,418) to the Director.

10.	ULTIMATE CONTROLLING PARTY

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

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

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