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Company Registration No. 06475425 (England and Wales)
50-51 Properties Limited Unaudited accounts for the year ended 31 March 2023
50-51 Properties Limited Unaudited accounts Contents
Page
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50-51 Properties Limited Company Information for the year ended 31 March 2023
Directors
Ciro Orsini Antonio Coppola
Company Number
06475425 (England and Wales)
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50-51 Properties Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
9,220,153 
9,220,153 
Current assets
Debtors
40,070 
55,550 
Cash at bank and in hand
180,548 
76,001 
220,618 
131,551 
Creditors: amounts falling due within one year
(1,854,200)
(1,561,133)
Net current liabilities
(1,633,582)
(1,429,582)
Total assets less current liabilities
7,586,571 
7,790,571 
Creditors: amounts falling due after more than one year
(2,849,928)
(3,148,330)
Provisions for liabilities
Deferred tax
(273,217)
(273,217)
Net assets
4,463,426 
4,369,024 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
2,878,357 
2,878,357 
Profit and loss account
1,585,068 
1,490,666 
Shareholders' funds
4,463,426 
4,369,024 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by
Ciro Orsini Director Company Registration No. 06475425
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50-51 Properties Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
50-51 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06475425.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
9,220,153 
At 31 March 2023
9,220,153 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,626 
49,143 
Other debtors
444 
6,407 
40,070 
55,550 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
286,078 
294,491 
Trade creditors
- 
5,808 
Taxes and social security
22,926 
9,720 
Other creditors
1,431,910 
1,150,386 
Loans from directors
93,336 
72,028 
Deferred income
19,950 
28,700 
1,854,200 
1,561,133 
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50-51 Properties Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,276,939 
2,476,240 
Trade creditors
- 
39,301 
Loans from directors
572,989 
632,789 
2,849,928 
3,148,330 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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