Company Registration No. 13336620 (England and Wales)
Point Forty Two Limited
Unaudited accounts
for the year ended 31 March 2025
Point Forty Two Limited
Unaudited accounts
Contents
Point Forty Two Limited
Company Information
for the year ended 31 March 2025
Directors
Ali Ansari
Ross Hill
Company Number
13336620 (England and Wales)
Registered Office
141 ROSEDEN WAY
NEWCASTLE UPON TYNE
TYNE AND WEAR
NE13 9BD
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Point Forty Two Limited
Accountants' report
Accountants' report to the board of directors of Point Forty Two Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Point Forty Two Limited for the year ended
31 March 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Point Forty Two Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Point Forty Two Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Point Forty Two Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Point Forty Two Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Point Forty Two Limited. You consider that Point Forty Two Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Point Forty Two Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
27 August 2025
Point Forty Two Limited
Statement of financial position
as at 31 March 2025
Investment property
232,000
149,868
Cash at bank and in hand
2,053
2,437
Creditors: amounts falling due within one year
(92,517)
(60,559)
Net current liabilities
(90,464)
(58,122)
Total assets less current liabilities
141,536
91,879
Creditors: amounts falling due after more than one year
(170,438)
(112,500)
Net liabilities
(28,902)
(20,621)
Called up share capital
12
12
Revaluation reserve
(5,844)
(6,466)
Profit and loss account
(23,070)
(14,167)
Shareholders' funds
(28,902)
(20,621)
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by
Ali Ansari
Director
Company Registration No. 13336620
Point Forty Two Limited
Notes to the Accounts
for the year ended 31 March 2025
Point Forty Two Limited is a private company, limited by shares, registered in England and Wales, registration number 13336620. The registered office is 141 ROSEDEN WAY, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE13 9BD, ENGLAND.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Fixtures & fittings
33% on cost
Point Forty Two Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
149,868
Net gain from fair value adjustments
622
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
91,917
60,019
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
170,438
112,500
Aggregate of amounts that fall due for payment after five years
170,438
112,500
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).