Fifty Five (Estates Management) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10267886 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Fifty Five (Estates Management) Ltd

Previously known as

Fifty Five (SE) Ltd

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

7

Director:

Mr A Wilcox

Secretary:

Mrs A Wilcox

Registered office:

19 Aaron Road Industrial Estate

Whittlesey

Peterborough

Cambs

PE7 2EX

Registered number:

10267886 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fifty Five (Estates Management) Ltd for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fifty Five (Estates Management) Ltd in accordance with the terms of our engagement letter dated 27 April 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Fifty Five (Estates Management) Ltd and state those matters that we have agreed to state to the director of Fifty Five (Estates Management) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fifty Five (Estates Management) Ltd and its director for our work or for this report.

It is your duty to ensure that Fifty Five (Estates Management) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fifty Five (Estates Management) Ltd. You consider that Fifty Five (Estates Management) Ltd 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 financial statements of Fifty Five (Estates Management) Ltd. 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 financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

29 September 2025

Fixed assets

Tangible assets

5

175,650

214,974

Current assets

Debtors

6

727,489

755,097

Cash at bank

2,053

223,163

729,542

978,260

Creditors

Amounts falling due within one year

7

488,232

676,345

Net current assets

241,310

301,915

Total assets less current liabilities

416,960

516,889

Creditors

Amounts falling due after more than one
year

8

(140,966

)

(279,388

)

Provisions for liabilities

(39,968

)

(49,799

)

Net assets

236,026

187,702

Capital and reserves

Called up share capital

9

3

Retained earnings

236,023

187,699

Shareholders' funds

236,026

187,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr A Wilcox - Director

1.	Statutory information

Fifty Five (Estates Management) 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	Employees and directors

The average number of employees during the year was 8 (2023 - 12 ) .

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost

At 1 January 2024

13,148

8,678

243,582

265,408

Additions

1,561

3,027

-

4,588

At 31 December 2024

14,709

11,705

243,582

269,996

Depreciation

At 1 January 2024

5,858

3,051

41,525

50,434

Charge for year

1,770

1,731

40,411

43,912

At 31 December 2024

7,628

4,782

81,936

94,346

Net book value

At 31 December 2024

7,081

6,923

161,646

175,650

At 31 December 2023

7,290

5,627

202,057

214,974

6.

Debtors: amounts falling due within one year

2024

2023

£

Trade debtors

163,571

132,477

Amounts owed by group undertakings

53,313

-

Other debtors

1,540

-

VAT

8,189

19,676

Prepayments and accrued income

500,876

602,944

727,489

755,097

7.

Creditors: amounts falling due within one year

2024

2023

£

Bank loans and overdrafts

21,246

4,800

Hire purchase contracts

43,290

-

Trade creditors

66,574

88,482

Corporation tax

43,712

42,514

Social security and other taxes

-

11,160

Pension creditor

-

1,630

Directors' loan accounts

-

140

Accruals and deferred income

313,410

527,619

488,232

676,345

8.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loans - 1-2 years

8,348

4,800

Bank loans - 2-5 years

-

2,000

Hire purchase contracts

132,618

272,588

140,966

279,388

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

3

Ordinary

1

3