REGISTERED NUMBER: 12263581 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

FOR

THE FIFTH QUARTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Vijay Kumar Lodha

V K L Navarathan

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

12263581 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

8,696

10,230

Investments

5

107,685

107,685

Investment property

6

573,041

573,041

689,422

690,956

CURRENT ASSETS

Debtors

7

71,279

95,740

Cash at bank

1,901

4,408

73,180

100,148

CREDITORS

Amounts falling due within one year

8

426,859

434,524

NET CURRENT LIABILITIES

(353,679

)

(334,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

335,743

356,580

CREDITORS

Amounts falling due after more than one year

9

(351,963

)

(354,144

)

PROVISIONS FOR LIABILITIES

(4,325

)

(4,325

)

NET LIABILITIES

(20,545

)

(1,889

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

15,000

15,000

Retained earnings

(35,645

)

(16,989

)

(20,545

)

(1,889

)

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

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

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 4 November 2025 and were signed on its behalf by:

V K L Navarathan - Director

1.	STATUTORY INFORMATION

The Fifth Quarter Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 31 October 2023

and 30 October 2024

14,518

DEPRECIATION

At 31 October 2023

4,288

Charge for year

1,534

At 30 October 2024

5,822

NET BOOK VALUE

At 30 October 2024

8,696

At 30 October 2023

10,230

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 31 October 2023

and 30 October 2024

107,685

NET BOOK VALUE

At 30 October 2024

107,685

At 30 October 2023

107,685

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 October 2023

and 30 October 2024

573,041

NET BOOK VALUE

At 30 October 2024

573,041

At 30 October 2023

573,041

Fair value at 30 October 2024 is represented by:

£

Valuation in 2023

20,000

Cost

553,041

573,041

If the investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

553,041

553,041

Investment properties were valued on an open market basis on 30 October 2024 by the Directors .

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

50,885

91,951

Amounts falling due after more than one year:

Amounts owed by group undertakings

20,394

3,789

Aggregate amounts

71,279

95,740

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Other creditors

150,000

150,000

Directors' current accounts

265,419

273,084

Accrued expenses

1,440

1,440

426,859

434,524

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

14,467

16,721

Other loans more 5yrs non-inst

337,496

337,423

351,963

354,144

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

337,496

337,423

10.

RESERVES

Revaluation

reserve

£

At 31 October 2023

and 30 October 2024

15,000