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Company Registration No. 12998994 (England and Wales)
Fifty Five Capital Limited Unaudited accounts for the year ended 30 November 2023
Fifty Five Capital Limited Unaudited accounts Contents
Page
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Fifty Five Capital Limited Company Information for the year ended 30 November 2023
Director
Robert Adam Jones
Company Number
12998994 (England and Wales)
Registered Office
Conway Road Mochdre Colwyn Bay LL28 5HQ United Kingdom
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
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Fifty Five Capital Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
390,664 
311,427 
Current assets
Cash at bank and in hand
3,001 
182 
Creditors: amounts falling due within one year
(406,833)
(323,195)
Net current liabilities
(403,832)
(323,013)
Total assets less current liabilities
(13,168)
(11,586)
Provisions for liabilities
Deferred tax
(2,062)
- 
Net liabilities
(15,230)
(11,586)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(15,231)
(11,587)
Shareholders' funds
(15,230)
(11,586)
For the year ending 30 November 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 27 November 2024 and were signed on its behalf by
Robert Adam Jones Director Company Registration No. 12998994
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Fifty Five Capital Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Fifty Five Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 12998994. The registered office is Conway Road, Mochdre , Colwyn Bay, LL28 5HQ, 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.
3
Accounting policies
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.
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities “of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements 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.
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
20%
Fixtures & fittings
20%
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s activities described below.
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Fifty Five Capital Limited Notes to the Accounts for the year ended 30 November 2023
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible
Going concern
The financial statements have been prepared on a going concern basis. The Director has assessed the company's ability to continue as a going concern and is satisfied that the company has the necessary funding to meet day-to-day working capital requirements. The company's ability to continue as a going concern is dependent on the continued support of its director/shareholder, who has provided loans and capital injections to the company. The Director believes that the going concern assumption is appropriate for the preparation of the financial statements. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s activities described below.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
311,427 
- 
- 
311,427 
Additions
68,386 
7,694 
4,788 
80,868 
At 30 November 2023
379,813 
7,694 
4,788 
392,295 
Depreciation
Charge for the year
- 
1,150 
481 
1,631 
At 30 November 2023
- 
1,150 
481 
1,631 
Net book value
At 30 November 2023
379,813 
6,544 
4,307 
390,664 
At 30 November 2022
311,427 
- 
- 
311,427 
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Fifty Five Capital Limited Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,187 
547 
Loans from directors
404,445 
321,448 
Accruals
1,201 
1,200 
406,833 
323,195 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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