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Registered Number: 12718014
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 July 2024

for

1881 PROPERTIES LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 1,540,443  1,388,345 
Current assets 15,633  24,299 
Creditors: amount falling due within one year (4,350) (2,153)
Net current assets 11,283  22,146 
Total assets less current liabilities 1,551,726  1,410,491 
Creditors: amount falling due after more than one year (1,505,771) (1,380,593)
Net assets 45,955  29,898 
 
Capital and reserves 45,955  29,898 
 
  1. For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Jonathan David O'Byrne
Director

Date approved: 22 October 2024
1
Statutory Information
1881 PROPERTIES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 12718014, registration address 85 Bankfield Lane, Southport, England, PR9 7NL.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 August 2023 2,250    904    3,154 
Additions    
Disposals    
At 31 July 2024 2,250    904    3,154 
Depreciation
At 01 August 2023 450    479    929 
Charge for year 360    85    445 
On disposals    
At 31 July 2024 810    564    1,374 
Net book values
Closing balance as at 31 July 2024 1,440    340    1,780 
Opening balance as at 01 August 2023 1,800    425    2,225 

3.

Financial assets

Cost or Valuation Investment in property   Total
  £   £
At 01 August 2023 1,386,120    1,386,120 
Additions 152,543    152,543 
Disposals  
At 31 July 2024 1,538,663    1,538,663 
4.

Average number of employees

Average number of employees during the year was 0  (2023: 0).
2