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Company No: 11417939 (England and Wales)

# FIVE PERCENT PROPERTY LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

FIVE PERCENT PROPERTY LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

FIVE PERCENT PROPERTY LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
FIVE PERCENT PROPERTY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTOR | A J T Gorman

REGISTERED OFFICE | 14 London Road
| Newark
| NG24 1TW
| United Kingdom

COMPANY NUMBER | 11417939 (England and Wales)

ACCOUNTANT | Duncan & Toplis Limited
| 14 London Road
| Newark
| NG24 1TW

FIVE PERCENT PROPERTY LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
FIVE PERCENT PROPERTY LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 3,820 |  | 4,494
Investment property | 4 | 1,505,000 |  | 1,505,000
|  | 1,508,820 |  | 1,509,494
Current assets |  |  |  |
Debtors | 5 | 3,348 |  | 67,381
Cash at bank and in hand |  | 32,237 |  | 21,220
|  | 35,585 |  | 88,601
Creditors: amounts falling due within one year | 6 | ( 303,363) |  | ( 370,267)
Net current liabilities |  | (267,778) |  | (281,666)
Total assets less current liabilities |  | 1,241,042 |  | 1,227,828
Creditors: amounts falling due after more than one year | 7 | ( 1,050,463) |  | ( 1,050,468)
Provision for liabilities |  | ( 45,568) |  | ( 45,696)
Net assets |  | 145,011 |  | 131,664
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Fair value reserve |  | 120,476 |  | 120,476
Profit and loss account |  | 24,435 |  | 11,088
Total shareholder's funds |  | 145,011 |  | 131,664

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Five Percent Property Limited (registered number: 11417939) were approved and authorised for issue by the Director on 13 March 2026. They were signed on its behalf by:

A J T Gorman Director |

FIVE PERCENT PROPERTY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
FIVE PERCENT PROPERTY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Five Percent Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 London Road, Newark, NG24 1TW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents the rents payable to the company.
Turnover received on the letting of the properties is recognised on the accruals basis.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 6,220 |  | 6,220
At 30 June 2025 | 6,220 |  | 6,220
Accumulated depreciation |  |  |
At 01 July 2024 | 1,726 |  | 1,726
Charge for the financial year | 674 |  | 674
At 30 June 2025 | 2,400 |  | 2,400
Net book value |  |  |
At 30 June 2025 | 3,820 |  | 3,820
At 30 June 2024 | 4,494 |  | 4,494

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 1,505,000
As at 30 June 2025 | 1,505,000

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 1,339,682 |  | 1,339,682

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 3,348 |  | 3,952
Amounts owed by director (note 9) | 0 |  | 63,429
| 3,348 |  | 67,381

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Accruals | 2,614 |  | 2,394
Taxation and social security | 2,876 |  | 0
Other creditors | 297,873 |  | 367,873
| 303,363 |  | 370,267

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other loans (secured) | 1,050,463 |  | 1,050,468

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Related party transactions

Transactions with the entity’s director (or members of its governing body)

Amounts owed by director

| 2025 |  | 2024
| £ |  | £
A J T Gorman | 0 |  | 63,429