Integrity Property Investments Limited


2020-06-012021-05-312021-05-31false10846449Integrity Property Investments 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Integrity Property Investments Limited

Registered Number
10846449
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 May 2021

Integrity Property Investments Limited
Company Information
for the year from 1 June 2020 to 31 May 2021

Directors

Alan Stephen Patient
Larissa Patient

Registered Address

42 High Street
Wanstead
London
E11 2RJ

Registered Number

10846449 (England and Wales)
Integrity Property Investments Limited
Balance Sheet as at
31 May 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets61,251,6251,123,500
1,251,6251,123,500
Current assets
Debtors8-1,593
Cash at bank and on hand28182
281,775
Creditors amounts falling due within one year9(62,607)(3,987)
Net current assets (liabilities)(62,579)(2,212)
Total assets less current liabilities1,189,0461,121,288
Creditors amounts falling due after one year(1,291,667)(1,177,238)
Net assets(102,621)(55,950)
Capital and reserves
Called up share capital400400
Profit and loss account(103,021)(56,350)
Shareholders' funds(102,621)(55,950)
  • The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Board of Directors on 27 February 2022, and are signed on its behalf by:
Alan Stephen Patient
Director
Registered Company No. 10846449
Integrity Property Investments Limited
Notes to the Financial Statements
for the year ended 31 May 2021

1.STATUTORY INFORMATION
Integrity Property Investments Limited is a private company, limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Finacial 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.
3.PRINCIPAL ACTIVITIES
The principal activity of the company was that of property holding.
4.ACCOUNTING POLICIES
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. No depreciation is provided on freehold land and buildings.
Going concern
In the opinion of the directors the company will have adequate financial resources to pay liabilities as they become due.
5.EMPLOYEE INFORMATION

20212020
Average number of employees during the year22
6.PROPERTY, PLANT AND EQUIPMENT

Total

£
Cost or valuation
At 01 June 201,123,500
Additions128,125
At 31 May 211,251,625
Net book value
At 31 May 211,251,625
At 31 May 201,123,500
7.CREDITORS OR INSTALMENTS DUE AFTER 5 YEARS
Bank loan repayments due after 5 years amount to £520,932.
8.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.

2021

2020

££
Other debtors-1,593
Total-1,593
9.CREDITORS WITHIN ONE YEAR
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.

2021

2020

££
Bank borrowings and overdrafts45,1843,400
Other creditors17,423587
Total62,6073,987