Company Registration No. 12264935 (England and Wales)
TO BE PROPERTIES LTD
Unaudited accounts
for the year ended 31 October 2023
TO BE PROPERTIES LTD
Unaudited accounts
Contents
TO BE PROPERTIES LTD
Company Information
for the year ended 31 October 2023
Directors
Tai Wee Kuang
Baizhou Cai
Company Number
12264935 (England and Wales)
Registered Office
2 FLAT 4302
2 PRINCIPAL PLACE WORSHIP STREET
LONDON
EC2A 2FG
UNITED KINGDOM
TO BE PROPERTIES LTD
Statement of financial position
as at 31 October 2023
Tangible assets
811,731
636,742
Cash at bank and in hand
440,929
1,212,410
Creditors: amounts falling due within one year
2,373
-
Net current assets
1,493,302
1,212,410
Total assets less current liabilities
2,305,033
1,849,152
Creditors: amounts falling due after more than one year
(2,490,000)
(1,990,000)
Net liabilities
(184,967)
(140,848)
Called up share capital
100
100
Profit and loss account
(185,067)
(140,948)
Shareholders' funds
(184,967)
(140,848)
For the year ending 31 October 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 31 October 2024 and were signed on its behalf by
Baizhou Cai
Director
Company Registration No. 12264935
TO BE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 October 2023
TO BE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12264935. The registered office is 2 FLAT 4302, 2 PRINCIPAL PLACE WORSHIP STREET, LONDON, EC2A 2FG, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
consider useful life of 5 year. Straight line methods
Motor vehicles
consider useful life of 6 year. Straight line methods
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
587,250
-
59,390
646,640
Additions
-
231,108
-
231,108
At 31 October 2023
587,250
231,108
59,390
877,748
At 1 November 2022
-
-
9,898
9,898
Charge for the year
-
46,221
9,898
56,119
At 31 October 2023
-
46,221
19,796
66,017
At 31 October 2023
587,250
184,887
39,594
811,731
At 31 October 2022
587,250
-
49,492
636,742
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(2,373)
-
TO BE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
2,490,000
1,990,000
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).