Registered number
12979841
808 PROPERTIES LTD
Filleted Accounts
30 October 2022
808 PROPERTIES LTD
Registered number: 12979841
Balance Sheet
as at 30 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 144,438 78,644
Current assets
Debtors 4 175 -
Cash at bank and in hand 6,469 19,599
6,644 19,599
Creditors: amounts falling due within one year 5 (304) (304)
Net current assets 6,340 19,295
Total assets less current liabilities 150,778 97,939
Creditors: amounts falling due after more than one year 6 (153,711) (99,350)
Net liabilities (2,933) (1,411)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,033) (1,511)
Shareholders' funds (2,933) (1,411)
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David John Redmond
Director
Approved by the board on 16 October 2023
808 PROPERTIES LTD
Notes to the Accounts
for the period from 1 November 2021 to 30 October 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 retal income received during the year.
Going Concern
The directors expect rents from the property owned to increase next year and this is expected to reverse the loss shown in the current year to a healthy profit. The company has been partly financed by its directors, who will not call in repayment of the debt within the foreseeable future. As a result of this the going concern basis of accounting is adopted.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings none
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2021 78,644
Additions 65,794
At 30 October 2022 144,438
Depreciation
At 30 October 2022 -
Net book value
At 30 October 2022 144,438
At 31 October 2021 78,644
4 Debtors 2022 2021
£ £
Other debtors 175 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 304 304
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank and other loans (secured) 153,711 99,350
7 Controlling party
The company was under the ultimate control of its director by virtue of his ownership of the company’s entire issued share capital.
8 Other information
808 PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
38-40 New Court Way
Ormskirk
L39 2YT
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