| Ives Street Developments Four Limited |
| Registered number: |
07662561 |
| Balance Sheet |
| as at 31 December 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,019,004 |
|
|
2,019,004 |
|
| Current assets |
| Debtors |
3 |
|
1,073 |
|
|
4 |
| Cash at bank and in hand |
|
|
31,139 |
|
|
18,475 |
|
|
|
32,212 |
|
|
18,479 |
|
| Creditors: amounts falling due within one year |
4 |
|
(1,821,011) |
|
|
(1,766,242) |
|
| Net current liabilities |
|
|
|
(1,788,799) |
|
|
(1,747,763) |
|
| Total assets less current liabilities |
|
|
|
230,205 |
|
|
271,241 |
|
| Net assets |
|
|
|
230,205 |
|
|
271,241 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
4 |
|
|
4 |
| Profit and loss account |
7 |
|
|
230,201 |
|
|
271,237 |
|
| Shareholders' funds |
|
|
|
230,205 |
|
|
271,241 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| J A Smith |
| Director |
| Approved by the board on 26 June 2023 |
|
| Ives Street Developments Four Limited |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income from the investment properties and originates wholly from the United Kingdom. |
|
|
Depreciation |
|
No depreciation has been provided on land and buildings which are not held for consumption but for their investment potential. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 January 2022 |
2,019,004 |
|
At 31 December 2022 |
2,019,004 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
2,019,004 |
|
At 31 December 2021 |
2,019,004 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Prepayments & accrued income |
1,069 |
|
- |
|
Other debtors |
4 |
|
4 |
|
|
|
|
|
|
1,073 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Accruals & deferred income |
2,277 |
|
15,413 |
|
Due to related parties |
1,817,267 |
|
1,747,948 |
|
Other taxes |
1,467 |
|
2,881 |
|
|
|
|
|
|
1,821,011 |
|
1,766,242 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2022 |
|
2022 |
|
2021 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
1p each |
|
400 |
|
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2022 |
| £ |
|
|
At 1 January 2022 |
271,237 |
|
Loss for the year |
(41,036) |
|
|
At 31 December 2022 |
230,201 |
|
|
|
|
|
|
|
|
| 8 |
Transactions with directors |
|
|
There have been no transactions with the director requiring disclosure. |
|
|
| 9 |
Transactions with related parties |
|
|
There have been no transactions with related parties requiring disclosure. |
|
|
| 10 |
Other information |
|
|
The average number of persons employed by the company in |
|
the financial year was: |
0 |
|
|
|
Ives Street Developments Four Limited is a private company limited by shares and registered in England and Wales. Its registered office is: |
|
25 Ives Street |
|
London |
|
SW3 2ND |
