Company Registration No. 12268489 (England and Wales)
52 PROPERTY LTD
Unaudited accounts
for the year ended 31 October 2024
52 PROPERTY LTD
Unaudited accounts
Contents
52 PROPERTY LTD
Company Information
for the year ended 31 October 2024
Director
Mitchell Fortescue
Company Number
12268489 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
UNITED KINGDOM
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
52 PROPERTY LTD
Statement of financial position
as at 31 October 2024
Tangible assets
367,598
369,495
Cash at bank and in hand
982
396
Creditors: amounts falling due within one year
(156,360)
(122,756)
Net current liabilities
(155,378)
(122,360)
Total assets less current liabilities
212,220
247,135
Creditors: amounts falling due after more than one year
(308,824)
(308,824)
Net liabilities
(96,604)
(61,689)
Called up share capital
1
1
Profit and loss account
(96,605)
(61,690)
Shareholders' funds
(96,604)
(61,689)
For the year ending 31 October 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 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 3 March 2025 and were signed on its behalf by
Mitchell Fortescue
Director
Company Registration No. 12268489
52 PROPERTY LTD
Notes to the Accounts
for the year ended 31 October 2024
52 PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12268489. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
366,603
7,058
529
374,190
At 31 October 2024
366,603
7,058
529
374,190
At 1 November 2023
-
4,358
337
4,695
Charge for the year
-
1,765
132
1,897
At 31 October 2024
-
6,123
469
6,592
At 31 October 2024
366,603
935
60
367,598
At 31 October 2023
366,603
2,700
192
369,495
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
2,666
Loans from directors
156,360
120,090
52 PROPERTY LTD
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
258,824
258,824
Other creditors
50,000
50,000
During the year loans totalling £156,360 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).