FIFTY SEVEN PROPERTIES LTD


Director	MESRIE, Robert Alan Edward


Registered Address	Unit 1 The Old Slaughter House Green Lane
	Chickerell
	Weymouth
	DT3 4GG


Registered Number	14235175 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,901		4,891
Investments	5		10		10
Investment property	4		361,299		361,299
			365,210		366,200
Current assets
Debtors		279,815		263,849
Cash at bank and on hand		2,382		6,589
		282,197		270,438
Creditors amounts falling due within one year	6	(139,802)		(140,699)
Net current assets (liabilities)			142,395		129,739
Total assets less current liabilities			507,605		495,939
Creditors amounts falling due after one year	7		(589,764)		(588,561)
Net assets			(82,159)		(92,622)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(82,259)		(92,722)
Shareholders' funds			(82,159)		(92,622)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 April 2026, and are signed on its behalf by:

MESRIE, Robert Alan Edward
Director
Registered Company No. 14235175

FIFTY SEVEN PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 August 24	7,564	7,564
At 31 July 25	7,564	7,564
Depreciation and impairment
At 01 August 24	2,673	2,673
Charge for year	990	990
At 31 July 25	3,663	3,663
Net book value
At 31 July 25	3,901	3,901
At 31 July 24	4,891	4,891

4.	Investment property


		£
	Fair value at 01 August 24	361,299
	At 31 July 25	361,299

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 August 24	10	10
At 31 July 25	10	10
Net book value
At 31 July 25	10	10
At 31 July 24	10	10

	Notes
	¹Investments in group undertakings and participating interests

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	139,377	139,499
Accrued liabilities and deferred income	425	1,200
Total	139,802	140,699

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	443,920	443,695
Amounts owed to related parties	31,850	32,600
Other creditors	113,994	112,266
Total	589,764	588,561