REGISTERED NUMBER: 10071779 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 June 2025

for

55 Property Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Sample

REGISTERED OFFICE:

Lola Jeans

The Arcade

North Shields

NE30 4BS

REGISTERED NUMBER:

10071779 (England and Wales)

ACCOUNTANTS:

S&W Partners (Newcastle) Limited

17 Queens Lane

Newcastle upon Tyne

Tyne and Wear

NE1 1RN

FIXED ASSETS

Investment property

5

1,855,000

1,126,834

CURRENT ASSETS

Debtors

6

43,295

47,700

Cash at bank

78,270

40,296

121,565

87,996

CREDITORS

Amounts falling due within one year

7

(177,550

)

(143,416

)

NET CURRENT LIABILITIES

(55,985

)

(55,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,799,015

1,071,414

CREDITORS

Amounts falling due after more than one year

8

(638,386

)

(686,810

)

PROVISIONS FOR LIABILITIES

(179,037

)

-

NET ASSETS

981,592

384,604

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

549,129

-

Profit and loss account

432,462

384,603

981,592

384,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2026 and were signed by:

Mr P Sample - Director

1.	STATUTORY INFORMATION

55 Property Holdings 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rentals, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company and when specific criteria have been met for each of the company's activities described below.

Property rentals :

Turnover from property rentals are recognised in the profit and loss account on a receivable basis.

Investment property

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 at the reporting end date. Changes in fair value are recognised in profit or loss.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 June 2024

1,126,834

Revaluations

728,166

At 29 June 2025

1,855,000

NET BOOK VALUE

At 29 June 2025

1,855,000

At 29 June 2024

1,126,834

The fair value of the investment property at 30 June 2025 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,000

3,083

Other debtors

31,295

44,617

43,295

47,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

62,820

60,497

Taxation and social security

62,116

47,805

Other creditors

52,614

35,114

177,550

143,416

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

638,386

686,810

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

700,956

747,057

The bank loan is secured by way of a fixed and floating charge over the property.

10.

RESERVES

Fair

value

reserve

£

Transfer between profit and loss account and fair value reserve

549,129

At 29 June 2025

549,129