1 January 2022 v2024.8.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP051842722022-01-012022-12-27051842722022-12-27051842722021-12-3105184272core:WithinOneYear2022-12-2705184272core:WithinOneYear2021-12-3105184272core:ShareCapital2022-12-2705184272core:ShareCapital2021-12-3105184272core:OtherReservesSubtotal2022-12-2705184272core:OtherReservesSubtotal2021-12-3105184272core:RetainedEarningsAccumulatedLosses2022-12-2705184272core:RetainedEarningsAccumulatedLosses2021-12-3105184272bus:Director12022-01-012022-12-2705184272bus:RegisteredOffice2022-01-012022-12-2705184272core:OfficeEquipment2022-01-012022-12-2705184272core:NetGoodwill2022-12-2705184272core:NetGoodwill2022-01-0105184272core:NetGoodwill2022-01-012022-12-2705184272core:NetGoodwill2021-12-3105184272core:PlantMachinery2022-01-0105184272core:PlantMachinery2022-01-012022-12-2705184272core:PlantMachinery2022-12-2705184272core:PlantMachinery2021-12-310518427212022-01-012022-12-27051842722021-01-012021-12-3105184272countries:EnglandWales2022-01-012022-12-2705184272bus:AuditExemptWithAccountantsReport2022-01-012022-12-2705184272bus:PrivateLimitedCompanyLtd2022-01-012022-12-2705184272bus:SmallEntities2022-01-012022-12-2705184272bus:FullAccounts2022-01-012022-12-27
Company registration number:
05184272
1st For Property Ltd
Unaudited Filleted Financial Statements for the year ended
27 December 2022
1st For Property Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of 1st For Property Ltd
Year ended
27 December 2022
As described on the statement of financial position, the Board of Directors of
1st For Property Ltd
are responsible for the preparation of the
financial statements
for the year ended
27 December 2022
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Accountancy First Ltd
94 Gosden Hill Road
Guildford
Surrey
GU4 7JB
United Kingdom
Date:
22 March 2024
1st For Property Ltd
Statement of Financial Position
27 December 2022
20222021
Note££
Fixed assets    
Intangible assets 5
15,833
 
25,833
 
Tangible assets 6
1,062
 
666
 
16,895
 
26,499
 
Current assets    
Debtors 7
4,097
 
15,947
 
Cash at bank and in hand
56,005
 
22,894
 
60,102
 
38,841
 
Creditors: amounts falling due within one year 8
(104,029
)
(96,135
)
Net current liabilities
(43,927
)
(57,294
)
Total assets less current liabilities (27,032 ) (30,795 )
Capital and reserves    
Called up share capital
100
 
100
 
Other reserves
90
 
90
 
Profit and loss account
(27,222
)
(30,985
)
Shareholders deficit
(27,032
)
(30,795
)
For the year ending
27 December 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
22 March 2024
, and are signed on behalf of the board by:
L Allen
Director
Company registration number:
05184272
1st For Property Ltd
Notes to the Financial Statements
Year ended
27 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
46 Florin Court Tanner Street
,
London
,
SE1 3DP
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance basis

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2021: Nil).

5 Intangible assets

Goodwill
£
Cost  
At
1 January 2022
and
27 December 2022
200,000
 
Amortisation  
At
1 January 2022
174,167
 
Charge
10,000
 
At
27 December 2022
184,167
 
Carrying amount  
At
27 December 2022
15,833
 
At 31 December 2021
25,833
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2022
3,557
 
Additions
749
 
At
27 December 2022
4,306
 
Depreciation  
At
1 January 2022
2,891
 
Charge
353
 
At
27 December 2022
3,244
 
Carrying amount  
At
27 December 2022
1,062
 
At 31 December 2021
666
 

7 Debtors

20222021
££
Trade debtors
3,307
 
14,920
 
Other debtors
790
 
1,027
 
4,097
 
15,947
 

8 Creditors: amounts falling due within one year

20222021
££
Trade creditors
167
  -  
Taxation and social security
31,697
 
12,118
 
Other creditors
72,165
 
84,017
 
104,029
 
96,135