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Registered Number: 06124890


 

 

 

PROPERTIES FIRST LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Report to the directors on the preparation of the unaudited statutory accounts of Properties First Ltd for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Properties First Ltd for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Properties First Ltd, as a body, in accordance with the terms of our engagement letter dated 07 November 2023 Our work has been undertaken solely to prepare for your approval the accounts of Properties First Ltd and state those matters that we have agreed to state to the Board of Directors of Properties First Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Properties First Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Properties First Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Properties First Ltd. You consider that Properties First Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Properties First Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
28 February 2023



....................................................
SK Accountants
2nd Floor Cavendish House
69 Burnt Oak Broadway
Edgware
HA8 5AW
07 November 2023
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 170,048 
170,048 
Current assets    
Cash at bank and in hand 1,158 
Creditors: amount falling due within one year (7,182)
Net current liabilities (6,024)
 
Total assets less current liabilities 164,024 
Creditors: amount falling due after more than one year (162,393)
Net assets 1,631 
 

Capital and reserves
   
Called up share capital 12 
Profit and loss account 1,619 
Shareholder's funds 1,631 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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 by the director on 07 November 2023 and were signed by:


-------------------------------
Camarie WELGEMOED
Director
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General Information
Properties First Ltd is a private company, limited by shares, registered in , registration number 06124890, registration address 45 Broomgrove Gardens, Edgware, Middlesex, HA8 5SH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 1.
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Computer Equipment   Total
  £   £   £
At 01 March 2022 169,486    675    170,161 
Additions    
Disposals    
At 28 February 2023 169,486    675    170,161 
Depreciation
At 01 March 2022    
Charge for year   113    113 
On disposals    
At 28 February 2023   113    113 
Net book values
Closing balance as at 28 February 2023 169,486    562    170,048 
Opening balance as at 01 March 2022 169,486    675    170,161 


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