# FIRST GEAR PROPERTIES LTD (11324090)

> FIRST GEAR PROPERTIES LTD is an active private limited company (company number 11324090) incorporated on 23 April 2018, registered in Hornchurch. Its registered activity is buying and selling of own real estate (SIC 68100). Latest micro accounts cover the period ending 31 March 2025, showing net assets of £28k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 26% on the prior period (£23k).

- Status: Active
- Incorporated: 2018-04-23
- Registered office: Hornchurch, RM11 1JD
- SIC 68100: Buying and selling of own real estate
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-05-07
- Accounts type: MICRO ENTITY

By net assets it sits in the top quarter of 27,496 comparable companies in Greater London (median £10, upper quartile £16k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £28k | — | — | £60k | — | — | 1 |
| 2024-03-31 | £23k | — | — | £67k | — | — | 1 |

current ratio 0.04; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £28,414 at 31 March 2025
- Net assets up 10% or more on the prior period: +25.5% vs prior period
- Current assets below creditors within one year: Current ratio 0.04
- Incorporated five or more years ago: Incorporated 23 April 2018

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Adil Ahmed — has significant influence or control, since 2018-04-23

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/11324090
HTML: https://firmoscan.com/company/11324090-first-gear-properties-ltd