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REGISTERED NUMBER: 11350015 (England and Wales)




















Financial Statements

for the Year Ended 31 March 2024

for

5L PROPERTIES LTD

5L PROPERTIES LTD (REGISTERED NUMBER: 11350015)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5L PROPERTIES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L M P D Meneses Craveiro





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11350015 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

5L PROPERTIES LTD (REGISTERED NUMBER: 11350015)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,205
Tangible assets 5 - 44
Investment property 6 241,120 241,120
241,120 245,369

CURRENT ASSETS
Debtors 7 1,167 1,004
Cash at bank 9,248 13,842
10,415 14,846
CREDITORS
Amounts falling due within one year 8 (155,790 ) (155,871 )
NET CURRENT LIABILITIES (145,375 ) (141,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,745

104,344

CREDITORS
Amounts falling due after more than one
year

9

(131,808

)

(131,808

)
NET LIABILITIES (36,063 ) (27,464 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (36,163 ) (27,564 )
SHAREHOLDERS' FUNDS (36,063 ) (27,464 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

5L PROPERTIES LTD (REGISTERED NUMBER: 11350015)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 9 September 2024 and were signed by:





L M P D Meneses Craveiro - Director


5L PROPERTIES LTD (REGISTERED NUMBER: 11350015)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

5L Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5L PROPERTIES LTD (REGISTERED NUMBER: 11350015)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 21,017
AMORTISATION
At 1 April 2023 16,812
Charge for year 4,205
At 31 March 2024 21,017
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,205

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 224
DEPRECIATION
At 1 April 2023 180
Charge for year 44
At 31 March 2024 224
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 44

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 241,120
NET BOOK VALUE
At 31 March 2024 241,120
At 31 March 2023 241,120

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,167 1,004

5L PROPERTIES LTD (REGISTERED NUMBER: 11350015)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1,800
Other creditors 155,790 154,071
155,790 155,871

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,278 -
Other creditors 119,530 131,808
131,808 131,808

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 119,530 131,808

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 12,278 -
Other loans 119,530 131,808
131,808 131,808

The mortgage provided by Together Commercial Finance Limited is secured against the freehold interest in the properties known as 59 Wellington,Street, 1 Stronvar Drive, 10 Bruce Street and 1 Castlegreen Street by way of a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.