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REGISTERED NUMBER: 11394657 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FIVE PROPERTY LIMITED

FIVE PROPERTY LIMITED (REGISTERED NUMBER: 11394657)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


FIVE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Dr O Tatarov





REGISTERED OFFICE: 5 Conway Mews
Conway Road
Cardiff
CF11 9QN





REGISTERED NUMBER: 11394657 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8RS

FIVE PROPERTY LIMITED (REGISTERED NUMBER: 11394657)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 133 587
Investment property 5 355,184 335,432
355,317 336,019

CURRENT ASSETS
Debtors 6 - 802
Cash at bank 5,983 37,288
5,983 38,090
CREDITORS
Amounts falling due within one year 7 (224,749 ) (210,311 )
NET CURRENT LIABILITIES (218,766 ) (172,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,551

163,798

CREDITORS
Amounts falling due after more than one
year

8

(139,450

)

(176,731

)
NET LIABILITIES (2,899 ) (12,933 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,999 ) (13,033 )
(2,899 ) (12,933 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FIVE PROPERTY LIMITED (REGISTERED NUMBER: 11394657)

BALANCE SHEET - continued
30 JUNE 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 and authorised for issue by the director and authorised for issue on 25 March 2025 and were signed by:





Dr O Tatarov - Director


FIVE PROPERTY LIMITED (REGISTERED NUMBER: 11394657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Five Property Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address are as below:

Registered number: 11394657

Registered office:
5 Conway Mews
Conway Road
Cardiff
United Kingdom
CF11 9QN

The presentation currency of the financial statements is Pound Sterling (£).

GOING CONCERN

The director acknowledges that no distributions of dividends can be made until there are sufficient profits available for that purpose. The company has the ongoing support of the director and associated company.

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.

There have been no departures from Financial Reporting Standard 102.

TURNOVER
Turnover is represented by rents receivable excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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.

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

FIVE PROPERTY LIMITED (REGISTERED NUMBER: 11394657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 3,517
DEPRECIATION
At 1 July 2023 2,930
Charge for year 454
At 30 June 2024 3,384
NET BOOK VALUE
At 30 June 2024 133
At 30 June 2023 587

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 335,432
Additions 19,752
At 30 June 2024 355,184
NET BOOK VALUE
At 30 June 2024 355,184
At 30 June 2023 335,432

Included in fair value of investment property is freehold land of £ 29,635 (2023 - £ 29,635 ) which is not depreciated.

The director considers that the value of the above investment properties as at the financial year end is equivalent to the cost of purchase.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 185
Amounts owed to participating interests 223,391 208,391
Accruals and deferred income 158 655
Accrued expenses 1,200 1,080
224,749 210,311

FIVE PROPERTY LIMITED (REGISTERED NUMBER: 11394657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 61,505 61,505
Directors' loan accounts 77,945 115,226
139,450 176,731

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 61,505 61,505

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 61,505 61,505

A floating charge is held which covers all the property or undertaking of the company.

10. RELATED PARTY DISCLOSURES

During the year the company's loan increased to £223,390, from a company with common directors. The loan is repayable on demand and is interest free.