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REGISTERED NUMBER: 13406063 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

FIVE PARTNERS CAPITAL LIMITED

FIVE PARTNERS CAPITAL LIMITED (REGISTERED NUMBER: 13406063)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FIVE PARTNERS CAPITAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: D J Sharpe
M J Sharpe





REGISTERED OFFICE: Unit 1 Enfield Industrial Estate
Enfield Street
Wigan
WN5 8DB





REGISTERED NUMBER: 13406063 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

FIVE PARTNERS CAPITAL LIMITED (REGISTERED NUMBER: 13406063)

STATEMENT OF FINANCIAL POSITION
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 195,000 150,000

CURRENT ASSETS
Debtors 5 52,850 100,000
Cash at bank 967 -
53,817 100,000
CREDITORS
Amounts falling due within one year 6 251,100 251,100
NET CURRENT LIABILITIES (197,283 ) (151,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,283

)

(1,100

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,383 ) (1,200 )
(2,283 ) (1,100 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





M J Sharpe - Director


FIVE PARTNERS CAPITAL LIMITED (REGISTERED NUMBER: 13406063)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Five Partners Capital Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including other creditors and amounts owed to associated undertakings, are measured at the transaction price. Financial liabilities that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

Fixed asset investments
Fixed asset investments are stated at cost less impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

FIVE PARTNERS CAPITAL LIMITED (REGISTERED NUMBER: 13406063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022 150,000
Additions 45,000
At 31 May 2023 195,000
NET BOOK VALUE
At 31 May 2023 195,000
At 31 May 2022 150,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 52,850 100,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 149,940 149,940
Directors' current accounts 99,960 99,960
Accrued expenses 1,200 1,200
251,100 251,100

7. RELATED PARTY DISCLOSURES

Transactions with related parties
During the year the company received funds from related parties of £47,150. At the year end £52,850 (2022- £100,000) remained outstanding.

Loan transactions
At the year end there is a loan balance owing to directors of £99,960.

At the year end there are loan balances owing to the directors family members of £149,940, these are included within other loans.