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# FIFTH AVENUE LIMITED

## Company Registration Number:
10441276 (England and Wales)

## Unaudited abridged accounts for the year ended 31 October 2025

## Period of accounts

## Start date: 01 November 2024

## End date: 31 October 2025

# FIFTH AVENUE LIMITED

## Contents of the Financial Statements

for the Period Ended 31 October 2025

Balance sheet |
Notes |

# FIFTH AVENUE LIMITED

## Balance sheet

As at 31 October 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 3,688 | 4,610
Investments: | 4 | 700,800 | 700,800
Total fixed assets: |  | 704,488 | 705,410
Current assets
Debtors: | 5 | 8,933 | 9,859
Cash at bank and in hand: |  | 3,148 | 1,699
Total current assets: |  | 12,081 | 11,558
Creditors: amounts falling due within one year: | 6 | (2,740) | (2,740)
Net current assets (liabilities): |  | 9,341 | 8,818
Total assets less current liabilities: |  | 713,829 | 714,228
Creditors: amounts falling due after more than one year: | 7 | (672,669) | (670,852)
Provision for liabilities: |  | (876) | (876)
Total net assets (liabilities): |  | 40,284 | 42,500
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | 40,184 | 42,400
Shareholders funds: |  | 40,284 | 42,500

The notes form part of these financial statements

# FIFTH AVENUE LIMITED

## Balance sheet statements

For the year ending 31 October 2025 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 July 2026
and signed on behalf of the board by:

Name: Neil Mackley
Status: Director

The notes form part of these financial statements

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Turnover: rental income is recognised gross of letting agent commission, which is shown within cost of sales.

## Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation; furniture, fittings and equipment are depreciated at 20% reducing balance.

## Valuation and information policy

Investment properties are revalued annually by the directors, with any surplus or deficit taken to the profit and loss account. No depreciation is provided.

## Other accounting policies

Financial instruments: the company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Basis of preparation: the accounts have been prepared on the historical cost basis, except for investment property which is stated at valuation.

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 2 | 2

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 November 2024 | 10,985
At 31 October 2025 | 10,985
Depreciation |
At 01 November 2024 | 6,375
Charge for year | 922
At 31 October 2025 | 7,297
Net book value |
At 31 October 2025 | 3,688
At 31 October 2024 | 4,610

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 4. Fixed investments

Investment property: two freehold properties (61 Gresham Road and 63 Brassey Road, Bournemouth) held at directors' valuation, £700,800 at 1 November 2024 and at 31 October 2025. Investment properties are revalued annually by the directors, with any surplus or deficit taken to the profit and loss account; no depreciation is provided. The directors' view is that market values are broadly unchanged from the prior year and no revaluation adjustment is required.

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 5. Debtors

Other debtors £7,315 (2024: £8,315); amounts due from related partnership £75 (2024: £nil); prepayments and accrued income £1,544 (2024: £1,544). Total debtors £8,933 (2024: £9,859).

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

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

Taxes and social security £3 (2024 restated: £3); accruals and deferred income £2,737 (2024 restated: £2,737). Total £2,740 (2024 restated: £2,740).

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

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

Mortgage loans (interest only: Paragon a/c 5175910/1 £290,282 and The Mortgage Works a/c 19422595 £118,070, per lender statements and as confirmed by the company's former accountants) £408,352 (2024 restated: £408,352); other creditors, directors' loan account £264,317 (2024: £262,500). Total £672,669 (2024 restated: £670,852).

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 8. Changes in presentation and prior period adjustments

The comparative figures have been restated to correct mortgage loan balances understated in earlier periods: interest of £402.10 per month on the Virgin Money loan secured on the directors' residence had in an earlier period been treated as capital repayment, and a residual balance of £1,795 relating to 1 Winton Heights (sold November 2022) had not been cleared. The correction, confirmed with the company's former accountants (borrowings outstanding £408,352), increases creditors by £13,007 and reduces opening reserves by the same amount. It has no effect on the current period result or on corporation tax.

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 9. Related party transactions

Name of the related party: | N. Mackley and C. Mackley
Relationship: | Directors
Description of the Transaction: | Directors' loan account: during the year the directors advanced loans of £5,120 to the company and were repaid £2,500; £803 of amounts settled by the company on the directors' behalf was charged to the account. The company also paid interest of £4,825 on a loan secured on the directors' personal residence, the proceeds of which funded improvements to 61 Gresham Road.
£
Balance at 01 November 2024 |  | 262,500
Balance at 31 October 2025 |  | 264,317

Off balance sheet arrangement: a loan (Virgin Money, a/c 58850W-19369, balance approximately £203,996 at 31 July 2025) is held personally by the directors and secured on their personal residence at 79 Newstead Road. The proceeds funded improvements to 61 Gresham Road, one of the company's investment properties. The loan itself is not a company liability and does not appear on the company's balance sheet, but the company pays the interest of £402.10 per month (£4,825 in the year, included above) as it relates to a company asset.

# FIFTH AVENUE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 10. Off balance sheet arrangements

A loan (Virgin Money, a/c 58850W-19369, balance approximately £203,996 at 31 July 2025) is held personally by the directors and secured on their personal residence at 79 Newstead Road. The proceeds funded improvements to 61 Gresham Road, one of the company's investment properties. The loan itself is not a company liability and does not appear on the company's balance sheet, but the company pays the interest of £402.10 per month (£4,825 in the year) as it relates to a company asset.