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REGISTERED NUMBER: 13155827 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

451 PROPERTIES LTD

451 PROPERTIES LTD (REGISTERED NUMBER: 13155827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


451 PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: B S Johal
Mrs M K Johal





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 13155827 (England and Wales)

451 PROPERTIES LTD (REGISTERED NUMBER: 13155827)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 599,090 599,122
Investments 5 250 -
599,340 599,122

CURRENT ASSETS
Cash at bank and in hand 3,169 4,054

CREDITORS
Amounts falling due within one year 6 176,396 162,735
NET CURRENT LIABILITIES (173,227 ) (158,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,113

440,441

CREDITORS
Amounts falling due after more than one
year

7

447,828

452,442
NET LIABILITIES (21,715 ) (12,001 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (22,715 ) (13,001 )
SHAREHOLDERS' FUNDS (21,715 ) (12,001 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

451 PROPERTIES LTD (REGISTERED NUMBER: 13155827)

BALANCE SHEET - continued
31 JANUARY 2024


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 21 November 2024 and were signed on its behalf by:





B S Johal - Director


451 PROPERTIES LTD (REGISTERED NUMBER: 13155827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

451 Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Computer equipment - 15% on reducing balance

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 NIL (2023 - NIL).

451 PROPERTIES LTD (REGISTERED NUMBER: 13155827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 598,910 249 599,159
DEPRECIATION
At 1 February 2023 - 37 37
Charge for year - 32 32
At 31 January 2024 - 69 69
NET BOOK VALUE
At 31 January 2024 598,910 180 599,090
At 31 January 2023 598,910 212 599,122

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 250
At 31 January 2024 250
NET BOOK VALUE
At 31 January 2024 250

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Wrexham Heath Developments Ltd
Registered office:
Nature of business: Construction of domestic buildings
%
Class of shares: holding
Ordinary 25.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 250 250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 691 690
Directors' current accounts 175,195 161,565
Accrued expenses 510 480
176,396 162,735

451 PROPERTIES LTD (REGISTERED NUMBER: 13155827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans (see note 8) 447,828 452,442

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 447,828 452,442

8. LOANS

An analysis of the maturity of loans is given below:

31/1/24 31/1/23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 447,828 452,442

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 February 2023 (13,001 )
Deficit for the year (9,714 )
At 31 January 2024 (22,715 )