Company registration number 12725025 (England and Wales)
505 PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
505 PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
505 PROPERTY LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
949,635
Investment property
4
949,427
-
0
949,427
949,635
Current assets
Debtors
5
748
716
Cash at bank and in hand
41,318
27,882
42,066
28,598
Creditors: amounts falling due within one year
6
(321,611)
(322,723)
Net current liabilities
(279,545)
(294,125)
Total assets less current liabilities
669,882
655,510
Creditors: amounts falling due after more than one year
7
(195,000)
(195,000)
Net assets
474,882
460,510
Capital and reserves
Called up share capital
4,630
4,630
Share premium account
434,970
434,970
Profit and loss reserves
35,282
20,910
Total equity
474,882
460,510
505 PROPERTY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 24 July 2026 and are signed on its behalf by:
Mr R K W Moss
Director
Company registration number 12725025 (England and Wales)
505 PROPERTY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 August 2023
4,630
434,970
13,804
453,404
Year ended 31 July 2024:
Profit and total comprehensive income
-
-
37,145
37,145
Dividends
-
-
(30,039)
(30,039)
Balance at 31 July 2024
4,630
434,970
20,910
460,510
Year ended 31 July 2025:
Profit and total comprehensive income
-
-
32,572
32,572
Dividends
-
-
(18,200)
(18,200)
Balance at 31 July 2025
4,630
434,970
35,282
474,882
505 PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
1
Accounting policies
Company information

505 Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Mostyn Road, Hazel Grove, Stockport, Cheshire, SK7 5HR.

1.1
Basis of preparation

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

1.2
Revenue

Revenue is rental income measured at the fair value of the fair value of the considerations received or receivable, excluding discounts and rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not provided
Computers
33% on cost
1.4
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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

505 PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
2
Employees

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

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2024
949,427
1,489
950,916
Transfers
(949,427)
-
0
(949,427)
At 31 July 2025
-
0
1,489
1,489
Depreciation and impairment
At 1 August 2024
-
0
1,281
1,281
Depreciation charged in the year
-
0
208
208
At 31 July 2025
-
0
1,489
1,489
Carrying amount
At 31 July 2025
-
0
-
0
-
0
At 31 July 2024
949,427
208
949,635
4
Investment property
2025
£
Fair value
At 1 August 2024
-
0
Transfers
949,427
At 31 July 2025
949,427

The director considers the cost of the investment properties to be a true reflection of the market value at the balance sheet date.

505 PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
748
716
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
7,635
8,807
Other creditors
313,976
313,916
321,611
322,723
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
195,000
195,000
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