A HUGE thank you goes to Stumpey for taking the time to help me with this issue today and I also thank those of you who haved helped here too.
I run Xampp for my server as its nice and compact and easy to use.
It looks like my version developed a jekel and hyde personality and it looks like this was causing the URL redirection issue.
We tried installing apache, php and mysql seperately but apache kept having a heart attack and wouldn't stay alive. So this was removed and the registry cleaned, rebooted and then installed the latest version of Xampp again.
Everything appears to be working well at the moment and both the IP and Url are working including the appropriate paths.
Again thanks to all of you who have helped with this issue.