694 Properties Limited

694 Properties Limited

694 PROPERTIES LIMITED - Company Information

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1 January 2022 false No description of principal activity Taxfiler 2023.9 09342907business:PrivateLimitedCompanyLtd2022-01-012022-12-31 093429072021-12-31 093429072022-01-012022-12-31 09342907business:AuditExemptWithAccountantsReport2022-01-012022-12-31 09342907business:FilletedAccounts2022-01-012022-12-31 093429072022-12-31 09342907business:Director12022-01-012022-12-31 09342907business:Director22022-01-012022-12-31 09342907business:Director32022-01-012022-12-31 09342907business:RegisteredOffice2022-01-012022-12-31 093429072021-12-31 09342907core:WithinOneYear2022-12-31 09342907core:WithinOneYear2021-12-31 09342907core:AfterOneYear2022-12-31 09342907core:AfterOneYear2021-12-31 09342907core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 09342907core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 09342907core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09342907core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 09342907core:PreviouslyStatedAmount2022-12-31 09342907core:PreviouslyStatedAmount2021-12-31 09342907business:SmallEntities2022-01-012022-12-31 09342907countries:EnglandWales2022-01-012022-12-31 09342907core:LandBuildings2022-01-012022-12-31 09342907core:LandBuildings2021-12-31 09342907core:LandBuildings2022-12-31 09342907business:OrdinaryShareClass12022-01-012022-12-31 09342907business:OrdinaryShareClass12021-01-012021-12-31 093429072021-01-012021-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09342907 (England and Wales)
694 Properties Limited Unaudited accounts for the year ended 31 December 2022
694 Properties Limited Unaudited accounts Contents
Page
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694 Properties Limited Company Information for the year ended 31 December 2022
Directors
Richard Malcolm Walker Caroline Ruth Gooding Alexia Jane Gharagozlou
Company Number
09342907 (England and Wales)
Registered Office
A&L Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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694 Properties Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,564,061 
1,637,757 
Current assets
Debtors
5
20,394 
40,331 
Cash at bank and in hand
93,772 
118,066 
114,166 
158,397 
Creditors: amounts falling due within one year
6
(89,977)
(152,064)
Net current assets
24,189 
6,333 
Total assets less current liabilities
1,588,250 
1,644,090 
Creditors: amounts falling due after more than one year
7
(1,554,398)
(1,621,291)
Net assets
33,852 
22,799 
Capital and reserves
Called up share capital
8
3 
3 
Profit and loss account
33,849 
22,796 
Shareholders' funds
33,852 
22,799 
For the year ending 31 December 2022 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 17 August 2023 and were signed on its behalf by
Richard Malcolm Walker Director Company Registration No. 09342907
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694 Properties Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
694 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09342907. The registered office is A&L Suite 1-3 The Hop Exchange, 24 Southwark Street, London, SE1 1TY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of amounts invoiced in relation to the rental income during the period, when it falls due per the rental agreement.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line on buildings
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2022
2,001,636 
At 31 December 2022
2,001,636 
Depreciation
At 1 January 2022
363,879 
Charge for the year
73,696 
At 31 December 2022
437,575 
Net book value
At 31 December 2022
1,564,061 
At 31 December 2021
1,637,757 
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694 Properties Limited Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
(123)
(243)
Accrued income and prepayments
471 
421 
Other debtors
20,046 
40,153 
20,394 
40,331 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
66,979 
66,979 
Trade creditors
- 
981 
Taxes and social security
21,603 
65,567 
Other creditors
1 
- 
Accruals
923 
1,991 
Deferred income
471 
16,546 
89,977 
152,064 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
795,398 
862,291 
Loans from directors
759,000 
759,000 
1,554,398 
1,621,291 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
9
Transactions with related parties
Amounts due to: Richard Malcolm Walker - director and 33.3% shareholder £253,000 (2021: £253,000) Caroline Ruth Gooding - director and 33.3% shareholder £253,000 (2021: £253,000) Alexia Jane Gharagozlou - director and 33.3% shareholder £253,000 (2021: £253,000)
10
Average number of employees
During the year the average number of employees was 0 (2021: 3).
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