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REGISTERED NUMBER: 10022232 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

5G INVESTMENTS LIMITED

5G INVESTMENTS LIMITED (REGISTERED NUMBER: 10022232)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


5G INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: P S Garratt
K A Garratt





REGISTERED OFFICE: 12-16 Wavendon Road
Salford
Milton Keynes
MK17 8BD





REGISTERED NUMBER: 10022232 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

5G INVESTMENTS LIMITED (REGISTERED NUMBER: 10022232)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 688,839 688,839
688,839 688,839

CURRENT ASSETS
Debtors 6 102,800 104,533
Cash at bank 7,249 75,847
110,049 180,380
CREDITORS
Amounts falling due within one year 7 (737,326 ) (447,581 )
NET CURRENT LIABILITIES (627,277 ) (267,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,562

421,638

CAPITAL AND RESERVES
Called up share capital 8 20 50
Share premium - 359,970
Capital redemption reserve 30 -
Retained earnings 61,512 61,618
SHAREHOLDERS' FUNDS 61,562 421,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





P S Garratt - Director


5G INVESTMENTS LIMITED (REGISTERED NUMBER: 10022232)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

5G Investments Limited is a private company limited by shares, registered in England and Wales. Its registered office address is 12-16 Wavendon Road, Salford, Milton Keynes, England, MK17 8BD and the registered number is 10022232.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentational currency of the financial statements is the Pound Sterling (£) and figures are rounded to the nearest £1.

Going concern
The company has net current liabilities as at 31 March 2023 of £627,277 (2022: £267,201). The majority of the company's creditors are amounts owed to the directors and a company with common directors. The directors have confirmed that the company will not be asked to repay these loans until it has sufficient funds. The directors have agreed to continue funding the company for the foreseeable future. On this basis the directors have prepared these financial statements on the going concern basis.

Turnover
Turnover represents the fair value of the consideration received or receivable in relation to rental income during the year, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the
location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer equipment-33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are
recognised in profit or loss.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account accumulated in an other reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

5G INVESTMENTS LIMITED (REGISTERED NUMBER: 10022232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 894
DEPRECIATION
At 1 April 2022
and 31 March 2023 894
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5G INVESTMENTS LIMITED (REGISTERED NUMBER: 10022232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 688,839
NET BOOK VALUE
At 31 March 2023 688,839
At 31 March 2022 688,839

The directors have reviewed the values of the investment properties as at 31 March 2023 and deemed that the carrying value to be materially correct.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 108 1,235
Other debtors 2,692 3,298
2,800 4,533

Amounts falling due after more than one year:
Amounts recoverable on loan
notes 100,000 100,000
100,000 100,000

Aggregate amounts 102,800 104,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,398 11,224
Other creditors 734,928 436,357
737,326 447,581

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2022 2021
value: £ £
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 - 10
10 D Ordinary £1 - 10
10 E Ordinary £1 - 10
20 50


During the year, the company bought back all C, D and E shares from the shareholders at a total cost of £360,000.

5G INVESTMENTS LIMITED (REGISTERED NUMBER: 10022232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


9. RELATED PARTY DISCLOSURES

During the year the company received a loan of £300,000 from a company with common directorships and made a repayment of £1,000. At the year end the company owed of £299,000 (2022: £nil) to the company with common directorships. The loan is interest free and repayable upon demand.