28 December 2023 v2025.58.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP051842722023-12-282024-12-27051842722024-12-27051842722023-12-2705184272core:WithinOneYear2024-12-2705184272core:WithinOneYear2023-12-2705184272core:ShareCapital2024-12-2705184272core:ShareCapital2023-12-2705184272core:OtherReservesSubtotal2024-12-2705184272core:OtherReservesSubtotal2023-12-2705184272core:RetainedEarningsAccumulatedLosses2024-12-2705184272core:RetainedEarningsAccumulatedLosses2023-12-2705184272bus:Director12023-12-282024-12-2705184272bus:RegisteredOffice2023-12-282024-12-2705184272core:OfficeEquipment2023-12-282024-12-2705184272core:NetGoodwill2024-12-2705184272core:NetGoodwill2023-12-2805184272core:NetGoodwill2023-12-282024-12-2705184272core:NetGoodwill2023-12-2705184272core:PlantMachinery2024-12-2705184272core:PlantMachinery2023-12-2805184272core:PlantMachinery2023-12-282024-12-2705184272core:PlantMachinery2023-12-270518427212023-12-282024-12-27051842722022-12-282023-12-2705184272countries:EnglandWales2023-12-282024-12-2705184272bus:AuditExemptWithAccountantsReport2023-12-282024-12-2705184272bus:PrivateLimitedCompanyLtd2023-12-282024-12-2705184272bus:SmallEntities2023-12-282024-12-2705184272bus:FullAccounts2023-12-282024-12-27
Company registration number:
05184272
1st For Property Ltd
Unaudited Filleted Financial Statements for the year ended
27 December 2024
1st For Property Ltd
Report of the Accountant to the directors of 1st For Property Ltd
Year ended
27 December 2024
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
27 December 2024
.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Accountancy First Ltd
94 Gosden Hill Road
Guildford
Surrey
GU4 7JB
United Kingdom
Date:
20 August 2025
1st For Property Ltd
Statement of Financial Position
27 December 2024
20242023
Note££
Fixed assets    
Intangible assets 5
5,833
 
15,833
 
Tangible assets 6
355
 
709
 
6,188
 
16,542
 
Current assets    
Debtors 7
7,353
 
6,315
 
Cash at bank and in hand
27,186
 
13,279
 
34,539
 
19,594
 
Creditors: amounts falling due within one year 8
(74,394
 )
(63,793
 )
Net current liabilities
(39,855
 )
(44,199
 )
Total assets less current liabilities (33,667 ) (27,657 )
Capital and reserves    
Called up share capital
100
 
100
 
Other reserves
90
 
90
 
Profit and loss account
(33,857
 )
(27,847
 )
Shareholders deficit
(33,667
 )
(27,657
 )
For the year ending
27 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 August 2025
, and are signed on behalf of the board by:
L Allen
Director
Company registration number:
05184272
1st For Property Ltd
Notes to the Financial Statements
Year ended
27 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
11 Folajimi
,
22 Alexis Street
,
London
,
SE16 3XG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance basis

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Intangible assets

Goodwill
£
Cost  
At
28 December 2023
and
27 December 2024
200,000
 
Amortisation  
At
28 December 2023
184,167
 
Charge
10,000
 
At
27 December 2024
194,167
 
Carrying amount  
At
27 December 2024
5,833
 
At 27 December 2023
15,833
 

Intangible assets held at valuation

In respect of intangible assets other than goodwill held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
20242023
££
Aggregate historical cost 200,000   200,000  
Aggregate amortisation 194,167   184,167  
Carrying amount
5,833
 
15,833
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
28 December 2023
and
27 December 2024
4,306
 
Depreciation  
At
28 December 2023
3,597
 
Charge
354
 
At
27 December 2024
3,951
 
Carrying amount  
At
27 December 2024
355
 
At 27 December 2023
709
 

7 Debtors

20242023
££
Trade debtors
6,550
 
5,541
 
Other debtors
803
 
774
 
7,353
 
6,315
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
1,446
 
1,942
 
Taxation and social security
7,276
 
7,656
 
Other creditors
65,672
 
54,195
 
74,394
 
63,793