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REGISTERED NUMBER: 11451696 (England and Wales)






















456 Properties Ltd

Financial Statements

for the Year Ended 31 July 2024






456 Properties Ltd (Registered number: 11451696)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


456 Properties Ltd

Company Information
for the year ended 31 July 2024







DIRECTOR: D S Thomson





REGISTERED OFFICE: 13a Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 11451696 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

456 Properties Ltd (Registered number: 11451696)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Investment property 4 385,000 360,000

CURRENT ASSETS
Debtors 5 660 500
Cash at bank 54,736 6,274
55,396 6,774
CREDITORS
Amounts falling due within one year 6 (62,728 ) (87,540 )
NET CURRENT LIABILITIES (7,332 ) (80,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,668

279,234

CREDITORS
Amounts falling due after more than one year 7 (264,432 ) (197,952 )

PROVISIONS FOR LIABILITIES 9 (20,119 ) -
NET ASSETS 93,117 81,282

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 85,769 80,888
Retained earnings 7,248 294
SHAREHOLDERS' FUNDS 93,117 81,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 April 2025 and were signed by:





D S Thomson - Director


456 Properties Ltd (Registered number: 11451696)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

456 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2023 360,000
Revaluations 25,000
At 31 July 2024 385,000
NET BOOK VALUE
At 31 July 2024 385,000
At 31 July 2023 360,000

Fair value at 31 July 2024 is represented by:
£
Valuation in 2022 79,766
Valuation in 2023 1,122
Valuation in 2024 25,000
Cost 279,112
385,000

456 Properties Ltd (Registered number: 11451696)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 279,112 279,112

Investment property was valued on an open market basis on 31 July 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 660 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 967 3,036
Taxation and social security 1,749 170
Other creditors 60,012 84,334
62,728 87,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 264,432 197,952

8. SECURED DEBTS

The company's bank borrowings are secured on the underlying properties.

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 20,119 -

Deferred tax
£
On property revaluation 20,119
Balance at 31 July 2024 20,119

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

456 Properties Ltd (Registered number: 11451696)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

11. RESERVES
Revaluation
reserve
£
At 1 August 2023 80,888
Transfer to/from revaluation reserve 25,000
Deferred tax (20,119 )

At 31 July 2024 85,769