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REGISTERED NUMBER: 13200051 (England and Wales)















No.74 Property Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






No.74 Property Limited (Registered number: 13200051)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


No.74 Property Limited

Company Information
for the year ended 28 February 2023







Director: M Reichelt





Registered office: 74 Compton Street
London
EC1V 0BN





Registered number: 13200051 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

No.74 Property Limited (Registered number: 13200051)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 522,816 522,816

Current assets
Cash at bank 5,508 15,163

Creditors
Amounts falling due within one year 5 212,476 215,771
Net current liabilities (206,968 ) (200,608 )
Total assets less current liabilities 315,848 322,208

Creditors
Amounts falling due after more than one
year

6

331,500

331,500
Net liabilities (15,652 ) (9,292 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 (15,752 ) (9,392 )
Shareholders' funds (15,652 ) (9,292 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





M Reichelt - Director


No.74 Property Limited (Registered number: 13200051)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

No.74 Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard 102 and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern
The company meets its day to day working capital requirements through the support of the directors and shareholders of the company. On this basis, the directors and shareholders consider it appropriate to prepare the financial statements on the going concern basis.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Investment property
Total
£
Fair value
At 1 March 2022
and 28 February 2023 522,816
Net book value
At 28 February 2023 522,816
At 28 February 2022 522,816

5. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 1,449 950
Other creditors 211,027 214,821
212,476 215,771

No.74 Property Limited (Registered number: 13200051)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 331,500 331,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 331,500 331,500

7. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 331,500 331,500

Allica Bank Limited holds a charge over the assets of the company.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. Reserves
Retained
earnings
£

At 1 March 2022 (9,392 )
Deficit for the year (6,360 )
At 28 February 2023 (15,752 )

10. Related party disclosures

Included within other creditors is £206,617 (2022 - £212,721) owed to the director.