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REGISTERED NUMBER: 12085947 (England and Wales)















FIVE10 PROPERTY INVESTMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






FIVE10 PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12085947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIVE10 PROPERTY INVESTMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr R J Hawkes
Mrs M Hawkes





REGISTERED OFFICE: 45 Weatherly Drive
Broadstairs
United Kingdom
CT10 2EE





REGISTERED NUMBER: 12085947 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

FIVE10 PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12085947)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,705 3,606
Investment property 5 510,955 365,000
513,660 368,606

CURRENT ASSETS
Cash at bank 3,744 2,299

CREDITORS
Amounts falling due within one year 6 (182,575 ) (101,707 )
NET CURRENT LIABILITIES (178,831 ) (99,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,829

269,198

CREDITORS
Amounts falling due after more than one
year

7

(353,149

)

(253,335

)
NET (LIABILITIES)/ASSETS (18,320 ) 15,863

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 181,432 181,432
Retained earnings (199,754 ) (165,571 )
(18,320 ) 15,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

FIVE10 PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12085947)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mr R J Hawkes - Director


FIVE10 PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12085947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Five10 Property Investment 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2023 - NIL).

FIVE10 PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12085947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 6,929
DEPRECIATION
At 1 August 2023 3,323
Charge for year 901
At 31 July 2024 4,224
NET BOOK VALUE
At 31 July 2024 2,705
At 31 July 2023 3,606

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 365,000
Additions 145,955
At 31 July 2024 510,955
NET BOOK VALUE
At 31 July 2024 510,955
At 31 July 2023 365,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 365,000
Valuation in 2024 145,955
510,955

If Investment Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 329,523 183,568

Investment property was valued on an open market basis on 31 July 2024 by the company directors. .

FIVE10 PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12085947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 18,941 13,625
Trade creditors 1 -
Directors' current accounts 162,853 87,470
Accrued expenses 780 612
182,575 101,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 18,941 13,625
Other loans - 2-5 years 56,824 40,875
Other loans more 5yrs instal 277,384 198,835
353,149 253,335

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 277,384 198,835

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 181,432