Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13309293 Mrs Julia Chisman Mr Nigel Chisman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13309293 2023-04-30 13309293 2024-04-30 13309293 2023-05-01 2024-04-30 13309293 frs-core:CurrentFinancialInstruments 2024-04-30 13309293 frs-core:Non-currentFinancialInstruments 2024-04-30 13309293 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 13309293 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 13309293 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 13309293 frs-core:ShareCapital 2024-04-30 13309293 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13309293 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13309293 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13309293 frs-bus:SmallEntities 2023-05-01 2024-04-30 13309293 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13309293 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13309293 frs-bus:Director1 2023-05-01 2024-04-30 13309293 frs-bus:Director2 2023-05-01 2024-04-30 13309293 frs-countries:EnglandWales 2023-05-01 2024-04-30 13309293 2022-04-30 13309293 2023-04-30 13309293 2022-05-01 2023-04-30 13309293 frs-core:CurrentFinancialInstruments 2023-04-30 13309293 frs-core:Non-currentFinancialInstruments 2023-04-30 13309293 frs-core:ShareCapital 2023-04-30 13309293 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13309293
Property Fifty Five Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13309293
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 232,500 217,000
232,500 217,000
CURRENT ASSETS
Debtors 5 444 104
Cash at bank and in hand 4,824 5,237
5,268 5,341
Creditors: Amounts Falling Due Within One Year 6 (70,720 ) (70,055 )
NET CURRENT ASSETS (LIABILITIES) (65,452 ) (64,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 167,048 152,286
Creditors: Amounts Falling Due After More Than One Year 7 (144,335 ) (147,668 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,165 ) -
NET ASSETS 18,548 4,618
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 18,448 4,518
SHAREHOLDERS' FUNDS 18,548 4,618
Page 1
Page 2
For the year ending 30 April 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nigel Chisman
Director
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Property Fifty Five Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13309293 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
2.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 May 2023 217,000
Revaluation 15,500
As at 30 April 2024 232,500
Net Book Value
As at 30 April 2024 232,500
As at 1 May 2023 217,000
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 444 104
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,653 2,483
Corporation tax 222 -
Directors' loan accounts 66,845 67,572
70,720 70,055
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 144,335 147,668
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment properties. £103,618 is on a repayment basis and £44,370 is on a interest only basis, both of which have a term of 28 years.
2024 2023
£ £
Bank loans and overdrafts 147,988 150,151
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4