16 December 2022 false Taxfiler 2024.5 14545453business:PrivateLimitedCompanyLtd2022-12-162023-12-31 145454532022-12-15 145454532022-12-162023-12-31 14545453business:AuditExemptWithAccountantsReport2022-12-162023-12-31 14545453business:FilletedAccounts2022-12-162023-12-31 145454532023-12-31 14545453business:Director12022-12-162023-12-31 14545453business:RegisteredOffice2022-12-162023-12-31 14545453core:WithinOneYear2023-12-31 14545453core:AfterOneYear2023-12-31 14545453core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14545453core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14545453core:PreviouslyStatedAmount2023-12-31 14545453business:SmallEntities2022-12-162023-12-31 14545453countries:EnglandWales2022-12-162023-12-31 14545453business:OrdinaryShareClass12022-12-162023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14545453 (England and Wales)
21 Properties Limited Filleted accounts for the period from 16 December 2022 to 31 December 2023
21 Properties Limited Filleted accounts Contents
Page
- 2 -
21 Properties Limited Company Information for the period from 16 December 2022 to 31 December 2023
Director
Michael Awujoola
Company Number
14545453 (England and Wales)
Registered Office
8 Green Walk London NW4 2AJ England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
- 3 -
21 Properties Limited Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Investment property
468,516 
Current assets
Cash at bank and in hand
14,888 
Creditors: amounts falling due within one year
(11,701)
Net current assets
3,187 
Total assets less current liabilities
471,703 
Creditors: amounts falling due after more than one year
(490,000)
Net liabilities
(18,297)
Capital and reserves
Called up share capital
100 
Profit and loss account
(18,397)
Shareholders' funds
(18,297)
For the period ending 31 December 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 director acknowledges his 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 and authorised for issue on 16 September 2024 and were signed on its behalf by
Michael Awujoola Director Company Registration No. 14545453
- 4 -
21 Properties Limited Notes to the Accounts for the period from 16 December 2022 to 31 December 2023
1
Statutory information
21 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14545453. The registered office is 8 Green Walk, London, NW4 2AJ, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Additions
468,516 
At 31 December 2023
468,516 
- 5 -
21 Properties Limited Notes to the Accounts for the period from 16 December 2022 to 31 December 2023
5
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
1,871 
Loans from directors
9,015 
Accruals
815 
11,701 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Loans from directors
490,000 
7
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
8
Average number of employees
During the period the average number of employees was 2.
- 6 -