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REGISTERED NUMBER: 13086711 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Five Pillar Properties Limited

Five Pillar Properties Limited (Registered number: 13086711)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Five Pillar Properties Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Dhillon
S Dhillon





REGISTERED OFFICE: 349a Aldermans Green Road
Coventry
CV2 1PB





REGISTERED NUMBER: 13086711 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Five Pillar Properties Limited (Registered number: 13086711)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 514,192 514,192

CURRENT ASSETS
Debtors - 295
Cash at bank 11 1,304
11 1,599
CREDITORS
Amounts falling due within one year 163,699 152,661
NET CURRENT LIABILITIES (163,688 ) (151,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,504

363,130

CREDITORS
Amounts falling due after more than one
year

354,462

363,297
NET LIABILITIES (3,958 ) (167 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,960 ) (169 )
(3,958 ) (167 )

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

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

Five Pillar Properties Limited (Registered number: 13086711)

Abridged Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 February 2025 and were signed on its behalf by:





M Dhillon - Director


Five Pillar Properties Limited (Registered number: 13086711)

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

1. 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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 514,192
NET BOOK VALUE
At 31 December 2024 514,192
At 31 December 2023 514,192

Five Pillar Properties Limited (Registered number: 13086711)

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

3. INVESTMENT PROPERTY - continued

The fair value of the properties at 31 December 2024 has been arrived at on the basis of a valuation carried out at that date by the directors of the company, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.

4. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 362,040 370,875

The company has secured loans with Charter Court Financial Services Limited, OneSavings Bank PLC, and The Mortgage Lender Limited. These loans are secured against the following properties:

10 Duke Street, Rugby, CV21 2NA
33 Sandown Road, Rugby, CV21 3LG
118 Oxford Street, Rugby, CV21 3LZ
170 Murray Road, Rugby, CV21 1JU

The loans are secured by way of legal charges over the properties.

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors and shareholders have provided the following loans to the company:

M Dhillon: At 31 December 2024 £98,057 (2023 £95,057)
S Dhillon: At 31 December 2024 £56,377 (2023 £48,877)

The above loans are included in Creditors. The loans are unsecured, interest free and repayable on
demand.