IRIS Accounts Production v24.2.0.383 12890087 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128900872022-12-31128900872023-12-31128900872023-01-012023-12-31128900872021-12-31128900872022-01-012022-12-31128900872022-12-3112890087ns15:EnglandWales2023-01-012023-12-3112890087ns14:PoundSterling2023-01-012023-12-3112890087ns10:Director12023-01-012023-12-3112890087ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112890087ns10:SmallEntities2023-01-012023-12-3112890087ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112890087ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112890087ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112890087ns10:FullAccounts2023-01-012023-12-3112890087ns5:CurrentFinancialInstruments2023-12-3112890087ns5:CurrentFinancialInstruments2022-12-3112890087ns5:Non-currentFinancialInstruments2023-12-3112890087ns5:Non-currentFinancialInstruments2022-12-3112890087ns5:ShareCapital2023-12-3112890087ns5:ShareCapital2022-12-3112890087ns5:RevaluationReserve2023-12-3112890087ns5:RevaluationReserve2022-12-3112890087ns5:RetainedEarningsAccumulatedLosses2023-12-3112890087ns5:RetainedEarningsAccumulatedLosses2022-12-3112890087ns10:RegisteredOffice2023-01-012023-12-3112890087ns5:PlantMachinery2023-01-012023-12-3112890087ns5:PlantMachinery2022-12-3112890087ns5:PlantMachinery2023-12-3112890087ns5:PlantMachinery2022-12-3112890087ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112890087ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112890087ns5:Secured2023-12-3112890087ns5:Secured2022-12-31
REGISTERED NUMBER: 12890087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

4u Properties Limited

4u Properties Limited (Registered number: 12890087)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


4u Properties Limited (Registered number: 12890087)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,440 6,980
Investment property 5 309,439 174,887
314,879 181,867

CURRENT ASSETS
Debtors 6 925 514
Cash at bank and in hand 16,791 8,658
17,716 9,172
CREDITORS
Amounts falling due within one year 7 119,914 86,461
NET CURRENT LIABILITIES (102,198 ) (77,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,681

104,578

CREDITORS
Amounts falling due after more than one year 8 (197,053 ) (96,995 )

PROVISIONS FOR LIABILITIES (10,897 ) (4,675 )
NET ASSETS 4,731 2,908

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 2 2
Revaluation reserve 46,455 19,931
Retained earnings (41,726 ) (17,025 )
4,731 2,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:



Mrs K Lockwood - Director


4u Properties Limited (Registered number: 12890087)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

4u Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12890087

Registered office: C/o Milner Smeaton
Viking House, Falcon Court
Preston Farm
Stockton on Tees
TS18 3TS

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Rents received is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4u Properties Limited (Registered number: 12890087)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 9,029
DEPRECIATION
At 1 January 2023 2,049
Charge for year 1,540
At 31 December 2023 3,589
NET BOOK VALUE
At 31 December 2023 5,440
At 31 December 2022 6,980

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 174,887
Additions 102,896
Revaluations 33,216
Impairments (1,560 )
At 31 December 2023 309,439
NET BOOK VALUE
At 31 December 2023 309,439
At 31 December 2022 174,887

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 24,606
Valuation in 2023 86,674
Cost 198,159
309,439

If Investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 198,159 95,394

Freehold investment properties were valued on an open market basis on 31 December 2023 by the director.

These valuations are further supported by valuations recently carried out by finance providers for mortgage purposes.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 925 514

4u Properties Limited (Registered number: 12890087)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 21 -
Other creditors 119,893 86,461
119,914 86,461

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 197,053 96,995

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 197,053 96,995

The debts are secured with a fixed and floating charge over the assets of the company.