Registered number
08222703
Five Miles From Cambridge Limited
Filleted Accounts
31 October 2024
Five Miles From Cambridge Limited
Registered number: 08222703
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,501,543 1,216,722
Current assets
Debtors 4 210,338 260,785
Cash at bank and in hand 79,128 569,379
289,466 830,164
Creditors: amounts falling due within one year 5 (120,410) (624,442)
Net current assets 169,056 205,722
Total assets less current liabilities 1,670,599 1,422,444
Creditors: amounts falling due after more than one year 6 (697,256) (672,001)
Provisions for liabilities (56,337) (48,558)
Net assets 917,006 701,885
Capital and reserves
Called up share capital 1,000 1,000
Fair value reserve 8 167,852 -
Profit and loss account 748,154 700,885
Shareholders' funds 917,006 701,885
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C H Miles
Director
Approved by the board on 26 June 2026
Five Miles From Cambridge Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 rendering of services.

Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% on cost
Plant and machinery 25% on cost and 2% on cost
Fixtures, fittings, tools and equipment 25% on cost
Investments properties
Investments properties are included in the balance sheet at fair value. Gains and losses are recongised in the profit and loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Grant Income
Grant income is recognised by the company using the accrual model. Grants relating to tangible fixed assets are treated as deferred income and released to the Profit and Loss Account over the expected useful lives of the assets concerned. Other grants are credited to the Profit and Loss Account as the related expenditure is incurred.

Any grants that become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs are recognised as income in the period in which it becomes receivable.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 14
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 821,061 893,196 51,150 1,765,407
Additions 171,080 27,842 - 198,922
Reclassification 504,939 (504,939) -
Disposals - (414,200) (20,800) (435,000)
Revaluation 2,920 - - 2,920
At 31 October 2024 1,500,000 1,899 30,350 1,532,249
Depreciation
At 1 November 2023 118,150 381,282 49,253 548,685
Charge for the year 15,053 18,871 1,898 35,822
Reclassification 87,677 (87,677) - -
On disposals - (312,120) (20,801) (332,921)
Revaluation (220,880) - - (220,880)
At 31 October 2024 - 356 30,350 30,706
Net book value
At 31 October 2024 1,500,000 1,543 - 1,501,543
At 31 October 2023 702,911 511,914 1,897 1,216,722
Investment Property:
2024 2023
£ £
Historical cost 1,497,079 1,325,990
1,497,079 1,325,990
The property has been revaulued at the year end by the directors of the company and this is considered a realistic current market value of the property at this time.
4 Debtors 2024 2023
£ £
Trade debtors 4,680 170,609
Other debtors 205,658 90,176
210,338 260,785
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 60,604 61,709
Trade creditors 1,687 18,005
Taxation and social security costs 2,705 156,261
Other creditors 55,414 388,467
120,410 624,442
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 697,256 672,001
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 525,394 531,286
Secured bank loans 601,137 616,286
The mortgage is secured by a charge over the property at 80 High Street, Sawston, which is owned by the company
8 Fair value reserve 2024 2023
£ £
At 31 October 2024 167,852 -
9 Loans to directors
B/fwd Paid Repaid C/fwd
£ £ £ £
C H Miles
Directors overdrawn loan 2,643 152,847 (121,515) 33,975
2,643 152,847 (121,515) 33,975
Interest has been charged at a rate of 2.25% on the directors loan.
10 Other information
Five Miles From Cambridge Limited is a private company limited by shares and incorporated in England. Its registered office is:
80 High Street
Sawston
Cambridge
England
CB22 3HJ
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