2023-04-012024-03-312024-03-31false05887084THE FIFTH ESTATE LIMITED2024-07-1670210iso4217:GBPxbrli:pure058870842023-04-01058870842024-03-31058870842023-04-012024-03-31058870842022-04-01058870842023-03-31058870842022-04-012023-03-3105887084bus:SmallEntities2023-04-012024-03-3105887084bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3105887084bus:AbridgedAccounts2023-04-012024-03-3105887084bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105887084core:WithinOneYear2024-03-3105887084core:AfterOneYear2024-03-3105887084core:WithinOneYear2023-03-3105887084core:AfterOneYear2023-03-3105887084core:ShareCapital2024-03-3105887084core:SharePremium2024-03-3105887084core:RevaluationReserve2024-03-3105887084core:OtherReservesSubtotal2024-03-3105887084core:RetainedEarningsAccumulatedLosses2024-03-3105887084core:ShareCapital2023-03-3105887084core:SharePremium2023-03-3105887084core:RevaluationReserve2023-03-3105887084core:OtherReservesSubtotal2023-03-3105887084core:RetainedEarningsAccumulatedLosses2023-03-3105887084core:LandBuildings2024-03-3105887084core:PlantMachinery2024-03-3105887084core:Vehicles2024-03-3105887084core:FurnitureFittings2024-03-3105887084core:OfficeEquipment2024-03-3105887084core:NetGoodwill2024-03-3105887084core:IntangibleAssetsOtherThanGoodwill2024-03-3105887084core:ListedExchangeTraded2024-03-3105887084core:UnlistedNon-exchangeTraded2024-03-3105887084core:LandBuildings2023-03-3105887084core:PlantMachinery2023-03-3105887084core:Vehicles2023-03-3105887084core:FurnitureFittings2023-03-3105887084core:OfficeEquipment2023-03-3105887084core:NetGoodwill2023-03-3105887084core:IntangibleAssetsOtherThanGoodwill2023-03-3105887084core:ListedExchangeTraded2023-03-3105887084core:UnlistedNon-exchangeTraded2023-03-3105887084core:LandBuildings2023-04-012024-03-3105887084core:PlantMachinery2023-04-012024-03-3105887084core:Vehicles2023-04-012024-03-3105887084core:FurnitureFittings2023-04-012024-03-3105887084core:OfficeEquipment2023-04-012024-03-3105887084core:NetGoodwill2023-04-012024-03-3105887084core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105887084core:ListedExchangeTraded2023-04-012024-03-3105887084core:UnlistedNon-exchangeTraded2023-04-012024-03-3105887084core:MoreThanFiveYears2023-04-012024-03-3105887084core:Non-currentFinancialInstruments2024-03-3105887084core:Non-currentFinancialInstruments2023-03-3105887084dpl:CostSales2023-04-012024-03-3105887084dpl:DistributionCosts2023-04-012024-03-3105887084core:LandBuildings2023-04-012024-03-3105887084core:PlantMachinery2023-04-012024-03-3105887084core:Vehicles2023-04-012024-03-3105887084core:FurnitureFittings2023-04-012024-03-3105887084core:OfficeEquipment2023-04-012024-03-3105887084dpl:AdministrativeExpenses2023-04-012024-03-3105887084core:NetGoodwill2023-04-012024-03-3105887084core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105887084dpl:GroupUndertakings2023-04-012024-03-3105887084dpl:ParticipatingInterests2023-04-012024-03-3105887084dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3105887084core:ListedExchangeTraded2023-04-012024-03-3105887084dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3105887084core:UnlistedNon-exchangeTraded2023-04-012024-03-3105887084dpl:CostSales2022-04-012023-03-3105887084dpl:DistributionCosts2022-04-012023-03-3105887084core:LandBuildings2022-04-012023-03-3105887084core:PlantMachinery2022-04-012023-03-3105887084core:Vehicles2022-04-012023-03-3105887084core:FurnitureFittings2022-04-012023-03-3105887084core:OfficeEquipment2022-04-012023-03-3105887084dpl:AdministrativeExpenses2022-04-012023-03-3105887084core:NetGoodwill2022-04-012023-03-3105887084core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105887084dpl:GroupUndertakings2022-04-012023-03-3105887084dpl:ParticipatingInterests2022-04-012023-03-3105887084dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105887084core:ListedExchangeTraded2022-04-012023-03-3105887084dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105887084core:UnlistedNon-exchangeTraded2022-04-012023-03-3105887084core:NetGoodwill2024-03-3105887084core:IntangibleAssetsOtherThanGoodwill2024-03-3105887084core:LandBuildings2024-03-3105887084core:PlantMachinery2024-03-3105887084core:Vehicles2024-03-3105887084core:FurnitureFittings2024-03-3105887084core:OfficeEquipment2024-03-3105887084core:AfterOneYear2024-03-3105887084core:WithinOneYear2024-03-3105887084core:ListedExchangeTraded2024-03-3105887084core:UnlistedNon-exchangeTraded2024-03-3105887084core:ShareCapital2024-03-3105887084core:SharePremium2024-03-3105887084core:RevaluationReserve2024-03-3105887084core:OtherReservesSubtotal2024-03-3105887084core:RetainedEarningsAccumulatedLosses2024-03-3105887084core:NetGoodwill2023-03-3105887084core:IntangibleAssetsOtherThanGoodwill2023-03-3105887084core:LandBuildings2023-03-3105887084core:PlantMachinery2023-03-3105887084core:Vehicles2023-03-3105887084core:FurnitureFittings2023-03-3105887084core:OfficeEquipment2023-03-3105887084core:AfterOneYear2023-03-3105887084core:WithinOneYear2023-03-3105887084core:ListedExchangeTraded2023-03-3105887084core:UnlistedNon-exchangeTraded2023-03-3105887084core:ShareCapital2023-03-3105887084core:SharePremium2023-03-3105887084core:RevaluationReserve2023-03-3105887084core:OtherReservesSubtotal2023-03-3105887084core:RetainedEarningsAccumulatedLosses2023-03-3105887084core:NetGoodwill2022-04-0105887084core:IntangibleAssetsOtherThanGoodwill2022-04-0105887084core:LandBuildings2022-04-0105887084core:PlantMachinery2022-04-0105887084core:Vehicles2022-04-0105887084core:FurnitureFittings2022-04-0105887084core:OfficeEquipment2022-04-0105887084core:AfterOneYear2022-04-0105887084core:WithinOneYear2022-04-0105887084core:ListedExchangeTraded2022-04-0105887084core:UnlistedNon-exchangeTraded2022-04-0105887084core:ShareCapital2022-04-0105887084core:SharePremium2022-04-0105887084core:RevaluationReserve2022-04-0105887084core:OtherReservesSubtotal2022-04-0105887084core:RetainedEarningsAccumulatedLosses2022-04-0105887084core:AfterOneYear2023-04-012024-03-3105887084core:WithinOneYear2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105887084core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3105887084core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3105887084core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3105887084core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3105887084core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3105887084bus:Director12023-04-012024-03-31

THE FIFTH ESTATE LIMITED

Registered Number
05887084
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

THE FIFTH ESTATE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Sarah Catherine RUSHTON READ

Company Secretary

Nicholas Anthony READ

Registered Address

12 - 14 High Street
Rottingdean
Brighton
BN2 7HR

Registered Number

05887084 (England and Wales)
THE FIFTH ESTATE LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,4583,805
Investments50,00050,000
52,45853,805
Current assets
Debtors18,88233,832
Cash at bank and on hand46,77269,893
65,654103,725
Creditors amounts falling due within one year(26,692)(37,119)
Net current assets (liabilities)38,96266,606
Total assets less current liabilities91,420120,411
Creditors amounts falling due after one year(13,253)(23,024)
Provisions for liabilities(467)(723)
Net assets77,70096,664
Capital and reserves
Called up share capital100100
Profit and loss account77,60096,564
Shareholders' funds77,70096,664
The financial statements were approved and authorised for issue by the Director on 16 July 2024, and are signed on its behalf by:
Sarah Catherine RUSHTON READ
Director
Registered Company No. 05887084
THE FIFTH ESTATE LIMITED
Notes to the Financial Statements
for the year ended 31 March 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.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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:

Reducing balance (%)
Plant and machinery33
Fixtures and fittings33
Office Equipment33
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2378,265
At 31 March 2478,265
Depreciation and impairment
At 01 April 2374,460
Charge for year1,347
At 31 March 2475,807
Net book value
At 31 March 242,458
At 31 March 233,805