Forty Two Properties Limited
Unaudited Financial Statements
For the year ended 30 November 2024
Pages for Filing with Registrar
Company Registration No. 10469402 (England and Wales)
Forty Two Properties Limited
Company Information
Directors
Paul Fisher
Samantha Fisher
Secretary
R P Fisher
Company number
10469402
Registered office
The Grange
26 Mill End Close
Eaton Bray
Bedfordshire
LU6 2FH
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Forty Two Properties Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Forty Two Properties Limited
Balance Sheet
As at 30 November 2024
30 November 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
317,903
317,903
Current assets
Debtors
4
850
850
Cash at bank and in hand
1,924
27
2,774
877
Creditors: amounts falling due within one year
5
(70,434)
(65,196)
Net current liabilities
(67,660)
(64,319)
Total assets less current liabilities
250,243
253,584
Creditors: amounts falling due after more than one year
6
(260,000)
(260,000)
Provisions for liabilities
(1,759)
(1,759)
Net liabilities
(11,516)
(8,175)
Capital and reserves
Called up share capital
7
400
400
Profit and loss reserves
(11,916)
(8,575)
Total equity
(11,516)
(8,175)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Forty Two Properties Limited
Balance Sheet (Continued)
As at 30 November 2024
30 November 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 18 September 2025 and are signed on its behalf by:
Paul Fisher
Director
Company Registration No. 10469402
Forty Two Properties Limited
Notes to the Financial Statements
For the year ended 30 November 2024
Page 3
1
Accounting policies
Company information

Forty Two Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Grange, 26 Mill End Close, Eaton Bray, Bedfordshire, LU6 2FH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future

The company continues to meet its liabilities with the support of the shareholders. The Directors have concluded that there is a reasonable expectation that the company has adequate resources to continue to operate for at least 12 months from the date of signing these financial statements. The Directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the financial statements

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Forty Two Properties Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2024
1
Accounting policies
(Continued)
Page 4

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Investment property
2024
£
Fair value
At 1 December 2023 and 30 November 2024
317,903

In the opinion of the directors, the fair value of the investment properties in the accounts should be line with their market value,

The original cost of the investment property was £308,674

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
850
850
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
68,634
64,434
Accruals and deferred income
1,800
762
70,434
65,196
Forty Two Properties Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2024
Page 5
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
260,000
260,000

The bank loans are secured against the company’s investment properties.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
400
400
400
400
8
Related party transactions

Included in other creditors were amounts of £6 8,634 (2023: £65,964) w as due to the directors of the company.

Included in the profit & loss account was a £1,3 99 (2023: £1,324) service charge payable to RP Fisher Property Management Limited, a company with common shareholders and directors.

2024-11-30 2023-12-01 false false false 19 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Paul Fisher Samantha Fisher R P Fisher 10469402 2023-12-01 2024-11-30 10469402 bus:Director1 2023-12-01 2024-11-30 10469402 bus:Director2 2023-12-01 2024-11-30 10469402 bus:CompanySecretary1 2023-12-01 2024-11-30 10469402 bus:RegisteredOffice 2023-12-01 2024-11-30 10469402 2024-11-30 10469402 2023-11-30 10469402 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 10469402 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 10469402 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 10469402 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 10469402 core:ShareCapital 2024-11-30 10469402 core:ShareCapital 2023-11-30 10469402 core:RetainedEarningsAccumulatedLosses 2024-11-30 10469402 core:RetainedEarningsAccumulatedLosses 2023-11-30 10469402 core:ShareCapitalOrdinaryShareClass1 2024-11-30 10469402 core:ShareCapitalOrdinaryShareClass1 2023-11-30 10469402 2022-12-01 2023-11-30 10469402 2023-11-30 10469402 core:CurrentFinancialInstruments 2023-11-30 10469402 core:CurrentFinancialInstruments 2024-11-30 10469402 core:Non-currentFinancialInstruments 2024-11-30 10469402 core:Non-currentFinancialInstruments 2023-11-30 10469402 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 10469402 bus:OrdinaryShareClass1 2024-11-30 10469402 bus:OrdinaryShareClass1 2023-11-30 10469402 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10469402 bus:FRS102 2023-12-01 2024-11-30 10469402 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10469402 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10469402 bus:FullAccounts 2023-12-01 2024-11-30 xbrli:pure xbrli:shares iso4217:GBP