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Company Registration No. 08816147 (England and Wales)
Strive Properties Ltd Filleted accounts for the year ended 31 December 2022
Strive Properties Ltd Filleted accounts Contents
Page
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Strive Properties Ltd Company Information for the year ended 31 December 2022
Directors
Mr Orenzeb A Jussab Mr Mohamed S Shaikh
Company Number
08816147 (England and Wales)
Registered Office
7 Alexandra Road Leicester LE2 2BB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Strive Properties Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
400,000 
400,000 
Current assets
Cash at bank and in hand
5,529 
7,380 
Creditors: amounts falling due within one year
(205,209)
(6,341)
Net current (liabilities)/assets
(199,680)
1,039 
Total assets less current liabilities
200,320 
401,039 
Creditors: amounts falling due after more than one year
(98,224)
(322,240)
Net assets
102,096 
78,799 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
101,996 
78,699 
Shareholders' funds
102,096 
78,799 
For the year ending 31 December 2022 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 5 December 2023 and were signed on its behalf by
Mr Orenzeb A Jussab Director Company Registration No. 08816147
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Strive Properties Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Strive Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 08816147. The registered office is 7 Alexandra Road, Leicester, LE2 2BB.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2022 
£ 
Fair value at 1 January 2022
400,000 
At 31 December 2022
400,000 
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Strive Properties Ltd Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
5,465 
5,665 
Loans from directors
199,008 
- 
Accruals
736 
676 
205,209 
6,341 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
13,223 
16,397 
Other creditors
85,000 
305,843 
Loans from directors
1 
- 
98,224 
322,240 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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