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REGISTERED NUMBER: 12106958 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

5B PROPERTIES (LEICESTER) LTD

5B PROPERTIES (LEICESTER) LTD (REGISTERED NUMBER: 12106958)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5B PROPERTIES (LEICESTER) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr WJ Brooks
Miss HM Brooks
Mr HJ Brooks
Mr DS Brooks
Miss AR Brooks





REGISTERED OFFICE: The Potato Store
Knighton Junction Lane
Leicester
LE2 6AR





REGISTERED NUMBER: 12106958 (England and Wales)

5B PROPERTIES (LEICESTER) LTD (REGISTERED NUMBER: 12106958)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 750,000 666,700

CURRENT ASSETS
Debtors 5 6,234 -
Cash at bank and in hand 30,806 31,967
37,040 31,967
CREDITORS
Amounts falling due within one year 6 646,327 641,726
NET CURRENT LIABILITIES (609,287 ) (609,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,713

56,941

PROVISIONS FOR LIABILITIES 16,931 5,700
NET ASSETS 123,782 51,241

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 100,371 30,000
Retained earnings 23,311 21,141
123,782 51,241

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

5B PROPERTIES (LEICESTER) LTD (REGISTERED NUMBER: 12106958)

BALANCE SHEET - continued
31 JULY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by:




Mr DS Brooks - Director Miss HM Brooks - Director




Miss AR Brooks - Director


5B PROPERTIES (LEICESTER) LTD (REGISTERED NUMBER: 12106958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

5B Properties (Leicester) Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover relates to rental income receivable and is recognised for the period that it is due.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5B PROPERTIES (LEICESTER) LTD (REGISTERED NUMBER: 12106958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 666,700
Additions 24,189
Revaluations 59,111
At 31 July 2023 750,000
NET BOOK VALUE
At 31 July 2023 750,000
At 31 July 2022 666,700

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 750,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 660,889 636,700

Investment properties were valued on an open market basis on 31 July 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,850 -
Other debtors 1,384 -
6,234 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13 -
Taxation and social security 3,542 4,275
Other creditors 642,772 637,451
646,327 641,726

5B PROPERTIES (LEICESTER) LTD (REGISTERED NUMBER: 12106958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. RESERVES
Revaluation
reserve
£   
At 1 August 2022 30,000
Revaluation in year 70,371

At 31 July 2023 100,371

8. RELATED PARTY DISCLOSURES

Included within other creditors is £3,981 (2022: £13) owed to a director of the company.

At 31 July 2023 the company owed £635,000 (2022: £635,000) to W & J Brooks Limited in which Mr DS Brooks is also a director.