2022-10-262023-10-312023-10-31false1444490356 PROPERTIES 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56 PROPERTIES LIMITED

Registered Number
14444903
(England and Wales)

Unaudited Financial Statements for the Period ended
31 October 2023

56 PROPERTIES LIMITED
Company Information
for the period from 26 October 2022 to 31 October 2023

Director

SORUKLU, Ahmet Can

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

14444903 (England and Wales)
56 PROPERTIES LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

£

£

Current assets
Debtors3100
100
Creditors amounts falling due within one year4(480)
Net current assets (liabilities)(380)
Total assets less current liabilities(380)
Net assets(380)
Capital and reserves
Called up share capital100
Profit and loss account(480)
Shareholders' funds(380)
The financial statements were approved and authorised for issue by the Director on 29 April 2024, and are signed on its behalf by:
SORUKLU, Ahmet Can
Director
Registered Company No. 14444903
56 PROPERTIES LIMITED
Notes to the Financial Statements
for the period ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). This is the first time the company has presented its financial statements since its incorporation, hence the financial statements presented are for the period of more than twelve months with no comparatives.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

2023
Average number of employees during the year1
3.Debtors: amounts due within one year

2023

£
Other debtors100
Total100
4.Creditors: amounts due within one year

2023

£
Accrued liabilities and deferred income480
Total480