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Registered number
12842693
1120 Properties Ltd
Unaudited Accounts
for the year ended
31 August 2024
1120 Properties Ltd
Balance Sheet
as at 31 August 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 457,253 457,440
457,253 457,440
Current assets
Debtors 4 2,132 2,132
Cash at bank and in hand 2,536 1,694
4,668 3,826
Prepayments and accrued income: 529 529
Creditors: amounts falling due within one year 5 (143,821) (137,321)
Net current assets / (liabilities) (138,624) (132,966)
Total assets less current liabilities 318,629 324,474
Creditors: amounts falling due after more than one year 6 (331,747) (331,747)
Provisions for liabilities (0) (0)
Accruals and deferred income (1,755) (1,899)
Total net assets (liabilities) (14,873) (9,172)
Capital and reserves
Called up share capital 7 2 2
Profit and loss account (14,875) (9,174)
Shareholders' funds (14,873) (9,172)

1120 Properties Ltd
Balance Sheet
as at 31 August 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mrs J Colocasidou

Director


Approved by the board on 15 March 2025

Company Number: 12842693 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

57 Larkshall Road
London
E4 7HS
England

1120 Properties Ltd
Notes to the Accounts
for the year ended 31 August 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & Fittings 15% Reducing Balance
Investment property
Investment property is included at fair value, with any gains recognised in the profit and loss account for the period in which they occurred. Deferred tax is recognised on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2024 2023
Average number of employees during the period 0 0

3. Tangible fixed assets
Fixtures & Fittings Land & buildings Total
Cost or valuation £ £ £
At 1 September 2023 2,031 456,193 458,224
At 31 August 2024 2,031 456,193 458,224
Depreciation
At 1 September 2023 784 0 784
Charge for the period 187 0 187
At 31 August 2024 971 0 971
Net book value
At 31 August 2024 1,060 456,193 457,253
At 31 August 2023 1,247 456,193 457,440

4. Debtors
2024 2023
£ £
Other debtors 2,132 2,132
2,132 2,132

5. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 143,821 137,321
143,821 137,321

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 331,747 331,747
331,747 331,747

7. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
2 (2023: 2) Ordinary shares of £1.00 each 2 2
2 2