2022-11-012023-10-312023-10-31false12968733ABLAZE PROPERTIES 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ABLAZE PROPERTIES LIMITED

Registered Number
12968733
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

ABLAZE PROPERTIES LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

MA, Xiaoming
MENG, Hu

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

12968733 (England and Wales)
ABLAZE PROPERTIES LIMITED
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property32,950,3302,950,330
2,950,3302,950,330
Current assets
Debtors4-7,379
-7,379
Creditors amounts falling due within one year5(965,328)(2,958,269)
Net current assets (liabilities)(965,328)(2,950,890)
Total assets less current liabilities1,985,002(560)
Creditors amounts falling due after one year6(1,975,337)-
Net assets9,665(560)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account8,665(1,560)
Shareholders' funds9,665(560)
The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2024, and are signed on its behalf by:
MENG, Hu
Director
Registered Company No. 12968733
ABLAZE PROPERTIES LIMITED
Notes to the Financial Statements
for the year 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.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared assuming the company will continue as a going concern. At the year end, the company had net liabilities of £560 and loss before taxation of £1,560. However, the directors consider that the company has adequate resources available in order to continue in operational existence for the foreseeable future based on the continuing support from its shareholders.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment properties are properties held to earn rentals or for capital appreciation, or both, and are accounted for using the fair value model. Investment properties are revalued annually with resulting gains and losses recognised in profit or loss. These are included in the statement of financial position at their fair values.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
2.Average number of employees

20232022
Average number of employees during the year22
3.Investment property

£
Fair value at 01 November 222,950,330
At 31 October 232,950,330
4.Debtors: amounts due within one year

2023

2022

££
Prepayments and accrued income-7,379
Total-7,379
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,5601,560
Amounts owed to related parties960,1762,956,709
Taxation and social security2,032-
Accrued liabilities and deferred income1,560-
Total965,3282,958,269
6.Creditors: amounts due after one year

2023

2022

££
Other creditors1,975,337-
Total1,975,337-