| |
|
£ |
2025
£ |
|
£ |
2024
£ |
| Fixed assets |
|
|
678,041 |
|
|
560,514 |
| Current assets |
|
323 |
|
|
115,003 |
|
| Creditors: amount falling due within one year |
|
(279,165) |
|
|
(255,611) |
|
|
Net current assets/(liabilities)
|
|
|
(278,842) |
|
|
(140,608) |
|
Total assets less current liabilities
|
|
|
399,199 |
|
|
419,906 |
| Creditors: amount falling due after more than one year |
|
|
(623,632) |
|
|
(630,140) |
| Accruals and deferred income |
|
|
- |
|
|
(576) |
|
Net assets/(liabilities)
|
|
|
(224,433) |
|
|
(210,810) |
| |
|
|
|
|
|
Capital and reserves
|
|
|
(224,433) |
|
|
(210,810) |
| |
Statutory Information
Five Porches Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 11640307, registration address 18 Chatfield Close, Cooksbridge, Lewes, BN8 4FF, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The Company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long-term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the Company, net of value-added tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Computer Equipment | 10 Reducing Balance |
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
- Property - 31, Sandringham Street, Hull, HU36EA.
- Property - 125, Plane Street, Hull, HU36BY.
- Property - 19 clumber street, hull (HU5 3RH).
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024: 2).
|
Director's Responsibilities: - For the year ended 31 October 2025 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
- 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 financial statements have been prepared in accordance with the micro-entity provisions.
Signed on behalf of the board of directors: --------------------------------------------- Opeoluwa Olakunmi Ojeniyi
Director | --------------------------------------------- Adeola Abolanle Ojeniyi
Director | |
Date approved: 31 July 2026
1
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