Company Registration No. 06475425 (England and Wales)
50-51 Properties Limited
Unaudited accounts
for the year ended 31 March 2025
50-51 Properties Limited
Unaudited accounts
Contents
50-51 Properties Limited
Company Information
for the year ended 31 March 2025
Directors
Ciro Orsini
Antonio Coppola
Company Number
06475425 (England and Wales)
50-51 Properties Limited
Statement of financial position
as at 31 March 2025
Investment property
9,220,153
9,220,153
Cash at bank and in hand
14,607
24,259
Creditors: amounts falling due within one year
(4,090,810)
(1,845,031)
Net current liabilities
(4,044,313)
(1,786,803)
Total assets less current liabilities
5,175,840
7,433,350
Creditors: amounts falling due after more than one year
(228,139)
(2,585,328)
Provisions for liabilities
Deferred tax
(273,217)
(273,217)
Net assets
4,674,484
4,574,805
Called up share capital
1
1
Revaluation reserve
2,878,357
2,878,357
Profit and loss account
1,796,126
1,696,447
Shareholders' funds
4,674,484
4,574,805
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 31 August 2025 and were signed on its behalf by
Ciro Orsini
Director
Company Registration No. 06475425
50-51 Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
50-51 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06475425.
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.
Fair value at 1 April 2024
9,220,153
At 31 March 2025
9,220,153
Amounts falling due within one year
Trade debtors
31,890
33,969
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,081,723
195,908
Taxes and social security
19,621
30,432
Other creditors
1,884,142
1,558,275
Loans from directors
70,719
22,616
Deferred income
34,605
29,950
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
228,139
504,089
50-51 Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).