Registered number
11283598
1000 Properties Limited
Report and Accounts
31 March 2023
1000 Properties Limited
Registered number: 11283598
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 608 913
Investments 4 471,312 587,362
471,920 588,275
Current assets
Debtors 5 40,025 61,238
Cash at bank and in hand 14,575 2,285
54,600 63,523
Creditors: amounts falling due within one year 6 (451,799) (497,356)
Net current liabilities (397,199) (433,833)
Total assets less current liabilities 74,721 154,442
Creditors: amounts falling due after more than one year 7 (49,250) (111,757)
Provisions for liabilities (3,586) (7,766)
Net assets 21,885 34,919
Capital and reserves
Called up share capital 1 1
Revaluation reserve 9 15,291 33,110
Profit and loss account 6,593 1,808
Shareholder's funds 21,885 34,919
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Priya Kripalani
Director
Approved by the board on 7 August 2023
1000 Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
During the year, plant and machinery has been fully depreciated
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Creditors
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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going concern
At 31 March 2023 the company had net current liabilities of £397,199 [2022 - £433,833]. The director of the company is confident that all payments and liabilities will be met as and when they arise. The director is of the opinion that the financial statements should be drawn up on a going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 6,082
At 31 March 2023 6,082
Depreciation
At 1 April 2022 5,169
Charge for the year 305
At 31 March 2023 5,474
Net book value
At 31 March 2023 608
At 31 March 2022 913
4 Investments
Other
investments
£
Cost including revaluation
At 1 April 2022 587,362
Additions cost 13,950
Disposals - revaluation (21,999)
Disposals - cost (108,001)
At 31 March 2023 471,312
The director has revalued the Investment Properties at the Balance Sheet date. An independent professional valuation was not instructed during the year.
5 Debtors 2023 2022
£ £
Trade debtors 380 1,582
Other debtors 39,645 59,656
40,025 61,238
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 305,200 313,865
Taxation and social security costs 5,899 8,033
Other creditors 140,700 175,458
451,799 497,356
During the year the company renewed 12 months' Bridging Finance with Together Finance with a legal charge over the following Investment Properties.

The legal charge contains a fixed charge and with a personal gaurantee provided by the director.
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 49,250 111,757
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 322,784 383,954
Redwood Bank Limited has a legal charge company's Investment Properties. The legal charge is a fixed charge with a personal gaurantee provided by the director.

18 Bank Street, Barnsley, S70 4JG.


Together Commercial Finance Limited has a legal charge company's Investment Properties. The legal charge is a fixed charge with a personal gaurantee provided by the director.

North Street, South Kirby, Pontefract, WF9 3NL
9 Revaluation reserve 2023 2022
£ £
At 1 April 2022 33,110 113,018
Gain / (Loss) on revaluation of investment properties - 8,000
Movement of revaluation profit on disposed properties (21,999) (106,652)
Deferred taxation arising on the revaluation of land and buildings 4,180 18,744
At 31 March 2023 15,291 33,110
10 Transactions with the director
At the year end the company owed the director £3,310 [2022 - (£9,011) ].
11 Related party transactions 2023 2022
£ £
Gated Developments Limited
The company is related to Gated Developments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:
The amount due (to) / from Gated Developments Limited. 39,645 50,645
12 Controlling party
The company is controlled by Priya Kripalani by virtue of her 100% shareholding in the share capital.
13 Other information
1000 Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Osterley Road, Isleworth, Middlesex, TW7 4PN
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