2023-11-01 2024-10-31 07812276 5 I P LIMITED false 07812276 2023-11-01 2024-10-31 07812276 uk-bus:Director1 2023-11-01 2024-10-31 07812276 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07812276 uk-bus:SmallEntities 2023-11-01 2024-10-31 07812276 uk-bus:FullAccounts 2023-11-01 2024-10-31 07812276 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07812276 2023-11-01 07812276 2024-10-31 07812276 2023-10-31 xbrli:pure iso4217:GBP 07812276 2022-11-01 2023-10-31
Company Registration Number : 07812276 (England and Wales)
07812276
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-10-31
false
5 I P LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-11-01
5 I P LIMITED
Unaudited filleted financial statements
For the year ended 31 October 2024
5 I P LIMITED
Contents
For the year ended 31 October 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


5 I P LIMITED
Company Information
For the year ended 31 October 2024

Company registration number 07812276 (England and Wales)
Director Mark Paul Bellis
Company secretary Sarah Christine Bellis
Registered office address Graysfield
Grayswood Road
Haslemere
GU27 2DF
Accountant Limelight Accountancy Limited
Chartered Management Accountants
99 Weyhill Haslemere
Surrey
GU27 1HT
5 I P LIMITED
Statement of Financial Position
For the year ended 31 October 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 251,563 260,755
5 251,563 260,755
Current assets
Debtors 1,715 2,292
Debtors: Amounts falling due after more than one year 10,990 9,090
Corporation tax receivable 75 75
Cash and cash equivalents 21,974 28,035
34,753 39,491
Current liabilities
Creditors: Amounts falling due within one year (1,284) (1,339)
(1,284) (1,339)
Net current assets/(liabilities) 33,469 38,152
Total assets less current liabilities 285,032 298,907
Net assets/(liabilities) 285,032 298,907
Capital and reserves
Called up share capital 10 10
Retained earnings 285,022 298,897
Shareholders' funds 285,032 298,907
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 July 2025
.............................
Mark Paul Bellis (Director)
Company registration number: 07812276
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-10-31 31 October 2024
2024 2023
£ £
Fixed Assets 251,563 260,755
Current Assets 23,764 29,807
Prepayments and accrued income 0 594
Creditors: amounts falling due within one year (1,284) (1,339)
Net current assets/(liabilities) 22,479 29,062
Total assets less current liabilities 274,043 289,817
Provisions for liabilities 10,990 9,090
Net Assets/(liabilities) 285,032 298,907
Capital and Reserves 285,032 298,907
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 21 July 2025 2025-07-21 and signed on behalf of the board,
.............................
Mark Paul Bellis
Director
Company registration number: 07812276
5 I P LIMITED
Notes to the Financial Statements
For the year ended 31 October 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Graysfield, Grayswood Road, Haslemere, GU27 2DF.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment25% straight line
Motor Cars25% reducing balance
Investments
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is
expected that fair value will be reliably measurable on an
ongoing basis.

(4) Employees
During the year, the average number of employees including director was 1 (2023 : 1).

(5) Fixed assets
Tangible

£
Cost
As at 01 November 2023264,820
Additions1,093
Revaluation(10,000)
As at 31 October 2024255,913
Depreciation/Amortisation
As at 01 November 20234,065
For the year285
As at 31 October 20244,350
Net book value
As at 31 October 2024251,563
As at 31 October 2023260,755

(6) Investment properties revaluation
These financial statements for the year ended 31st October 2024 are the financial statements of the company prepared in accordance with FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland".

The property is being measured at fair value under FRS 102 and fair value gains and losses are reported in profit or loss.

FRS 102 also requires deferred tax to be accounted for on assets that are subject to revaluation.

Consequently, deferred tax of £1,900 was recognised at 31st October 2024 to reflect the provisions of FRS 102.

The loss on revaluation at 31st October 2024 has been reported in profit or loss and the effect on profit for the yearended 31st October 2024 is decrease in the profit for the amount £8,100 is after deferred tax.