2023-03-012024-02-292024-02-29false11219679F5 PARTNERS 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F5 PARTNERS LIMITED

Registered Number
11219679
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

F5 PARTNERS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Tim Bustin
Paul Buggs
Derek Law
Ciaran McAleer
Niels Thomsen

Registered Address

4 Oakington Business Park
Dry Drayton Road
Oakington
CB24 3DQ

Registered Number

11219679 (England and Wales)
F5 PARTNERS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,6118,264
Investment property4641,138641,138
647,749649,402
Current assets
Cash at bank and on hand18,23416,347
18,23416,347
Creditors amounts falling due within one year5(401,826)(440,693)
Net current assets (liabilities)(383,592)(424,346)
Total assets less current liabilities264,157225,056
Provisions for liabilities6(11,873)(9,023)
Net assets252,284216,033
Capital and reserves
Called up share capital1,0001,000
Profit and loss account251,284215,033
Shareholders' funds252,284216,033
The financial statements were approved and authorised for issue by the Board of Directors on 26 March 2024, and are signed on its behalf by:
Tim Bustin
Director
Registered Company No. 11219679
F5 PARTNERS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery10
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 March 2316,52816,528
At 29 February 2416,52816,528
Depreciation and impairment
At 01 March 238,2648,264
Charge for year1,6531,653
At 29 February 249,9179,917
Net book value
At 29 February 246,6116,611
At 28 February 238,2648,264
4.Investment property
The directors do not consider that the value of the investment property should change at the balance sheet date. This valuation was made by reference to market evidence of transaction prices for similar properties.

£
Fair value at 01 March 23641,138
At 29 February 24641,138
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties387,500426,500
Taxation and social security9,3019,349
Accrued liabilities and deferred income5,0254,844
Total401,826440,693
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)11,8739,023
Total11,8739,023