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REGISTERED NUMBER: 06347375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fifty Fifty Properties Limited

Fifty Fifty Properties Limited (Registered number: 06347375)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Fifty Fifty Properties Limited (Registered number: 06347375)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 9
Investment property 5 1,350,000 1,350,000
1,350,000 1,350,009

CURRENT ASSETS
Debtors 6 26,446 21,194
Cash at bank 119,065 148,642
145,511 169,836
CREDITORS
Amounts falling due within one year 7 36,555 35,926
NET CURRENT ASSETS 108,956 133,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,458,956

1,483,919

CREDITORS
Amounts falling due after more than one year 8 (1,261,451 ) (1,268,766 )

PROVISIONS FOR LIABILITIES (23,836 ) (23,836 )
NET ASSETS 173,669 191,317

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 125,450 125,450
Retained earnings 48,119 65,767
SHAREHOLDERS' FUNDS 173,669 191,317

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

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

Fifty Fifty Properties Limited (Registered number: 06347375)

Statement of Financial Position - continued
31 December 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 8 April 2025 and were signed on its behalf by:





M Winter - Director


Fifty Fifty Properties Limited (Registered number: 06347375)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Fifty Fifty Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06347375

Registered office: 83 Blackwood Road
Streetly
Sutton Coldfield
West Midlands
B74 3PW

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

Fifty Fifty Properties Limited (Registered number: 06347375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 9
Disposals (9 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 9

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,350,000
NET BOOK VALUE
At 31 December 2024 1,350,000
At 31 December 2023 1,350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 25,519 20,546
Other debtors 927 648
26,446 21,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 12,112 12,113
Other creditors 24,443 23,813
36,555 35,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 748,682 755,997
Amounts owed to group undertakings 512,769 512,769
1,261,451 1,268,766

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 711,814 715,890

Fifty Fifty Properties Limited (Registered number: 06347375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 760,794 -

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 125,450