IRIS Accounts Production v26.1.10.61 02702595 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02702595 2025-03-31 02702595 2026-03-31 02702595 2025-04-01 2026-03-31 02702595 2024-03-31 02702595 2024-04-01 2025-03-31 02702595 2025-03-31 02702595 ns15:EnglandWales 2025-04-01 2026-03-31 02702595 ns14:PoundSterling 2025-04-01 2026-03-31 02702595 ns10:Director1 2025-04-01 2026-03-31 02702595 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02702595 ns10:SmallEntities 2025-04-01 2026-03-31 02702595 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 02702595 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 02702595 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02702595 ns10:FullAccounts 2025-04-01 2026-03-31 02702595 ns10:Director2 2025-04-01 2026-03-31 02702595 ns10:Director3 2025-04-01 2026-03-31 02702595 ns10:CompanySecretary1 2025-04-01 2026-03-31 02702595 ns10:RegisteredOffice 2025-04-01 2026-03-31 02702595 ns5:CurrentFinancialInstruments 2026-03-31 02702595 ns5:CurrentFinancialInstruments 2025-03-31 02702595 ns5:ShareCapital 2026-03-31 02702595 ns5:ShareCapital 2025-03-31 02702595 ns5:FurtherSpecificReserve3ComponentTotalEquity 2026-03-31 02702595 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 02702595 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 02702595 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02702595 ns5:FurnitureFittings 2025-04-01 2026-03-31 02702595 ns5:FurnitureFittings 2025-03-31 02702595 ns5:FurnitureFittings 2026-03-31 02702595 ns5:FurnitureFittings 2025-03-31 02702595 ns5:CostValuation 2025-03-31 02702595 ns5:RevaluationsIncreaseDecreaseInInvestments 2026-03-31 02702595 ns5:CostValuation 2026-03-31 02702595 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 02702595 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02702595 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02702595 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 02702595 ns5:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31

REGISTERED NUMBER: 02702595 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

FIFTH PROPERTY CO. LIMITED

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FIFTH PROPERTY CO. LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | K. A. Taylor

| Mrs H. A. Thompson

| G. Morris

| SECRETARY: | G. Morris

| REGISTERED OFFICE: | Park House

| 200 Drake Street

| Rochdale

| Lancashire

| OL16 1PJ

| REGISTERED NUMBER: | 02702595 (England and Wales)

| ACCOUNTANTS: | TC Group

| Park House

| 200 Drake Street

| Rochdale

| Lancashire

| OL16 1PJ

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 61 |  | 77 |  |

Investments | 5 | 284,612 |  | 283,088 |  |

Investment properties | 6 | 4,403,161 |  | 4,393,697 |  |

4,687,834 |  | 4,676,862 |  |

CURRENT ASSETS

Debtors | 7 | 12,547 |  | 38,054 |  |

Cash at bank | 407,304 |  | 98,683 |  |

419,851 |  | 136,737 |  |

CREDITORS

Amounts falling due within one year | 8 | 225,797 |  | 184,059 |  |

NET CURRENT ASSETS/(LIABILITIES) | 194,054 |  | (47,322 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,881,888 |  | 4,629,540 |  |

PROVISIONS FOR LIABILITIES | 392,001 |  | 361,632 |  |

NET ASSETS | 4,489,887 |  | 4,267,908 |  |

CAPITAL AND RESERVES

Called up share capital | 1,010,000 |  | 1,010,000 |  |

Fair value reserve | 9 | 2,264,499 |  | 2,204,776 |  |

Retained earnings | 9 | 1,215,388 |  | 1,053,132 |  |

SHAREHOLDERS' FUNDS | 4,489,887 |  | 4,267,908 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

BALANCE SHEET - continued

31 MARCH 2026

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 10 July 2026 and were signed on its behalf by:

K. A. Taylor - Director

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Fifth Property Co. 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 represents rents received during the year.

| 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 properties

| The investment properties relate to properties held to earn rentals and for capital appreciation. The properties are initially measured at cost, including transaction costs.The properties are subsequently measured at fair value.

| The investment property valuations are based on an open market value and carried out by the directors on a regular basis. Deferred tax and costs to realise property values are provided, where appropriate.

| 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.

| Investment

| Fixed asset investments are included at cost unless there is reasonable certainty that a reliable valuation can be made and fair value can be established.

| Dividend

| In order to present a true and fair view the company discloses as a liability the dividend declared and paid after the year end. This dividend is based on the results for the year and consequently the directors believe it is appropriate to account for it in the year it is earned. This is not in accordance with current UK GAAP which requires companies only to account for dividends when paid.

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Change of accounting policy

| Investments in unlisted shares have always been valued at cost due to the unreliability in establishing fair value which is in accordance with FRS 102 and UK GAAP.

| However, the directors have recently embarked on a policy of selling properties as they become vacant, which has established reliable fair value to figures which can support the valuations used for revalued properties.

| This in turn has affected share values of the unlisted investments that have been acquired. The directors are therefore reasonably certain that the value of shares held in connected property companies can be revalued and as such have revalued these investments to fair value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2025 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 13,340 |  |

| DEPRECIATION

| At 1 April 2025 | 13,263 |  |

| Charge for year | 16 |  |

| At 31 March 2026 | 13,279 |  |

| NET BOOK VALUE

| At 31 March 2026 | 61 |  |

| At 31 March 2025 | 77 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 April 2025 | 283,088 |  |

| Revaluations | 1,524 |  |

| At 31 March 2026 | 284,612 |  |

| NET BOOK VALUE

| At 31 March 2026 | 284,612 |  |

| At 31 March 2025 | 283,088 |  |

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

5. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 31 March 2026 is represented by:

| Other

| investments

£ |

| Valuation in 2026 | 85,961 |  |

| Cost | 198,651 |  |

284,612 |  |

| The company owns the share capital in the following property management companies at cost :

|  | 2026 |  |  | 2025 |

|  | £ |  |  | £ |

| Sixth Property Company Limited |  | (63,850 £1 ordinary shares | ) |  | 178,695 |  |  | 178,695 |

|  | 178,695 |  |  | 178,695 |

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| Third Property Company Limited |  | (5,904 £1 ordinary shares | ) |  | 19,956 |  |  | 19,956 |

|  | 19,956 |  |  | 19,956 |

6. | INVESTMENT PROPERTIES

| Total

£ |

| FAIR VALUE

| At 1 April 2025 | 4,393,697 |  |

| Disposals | (215,536 | ) |

| Revaluations | 225,000 |  |

| At 31 March 2026 | 4,403,161 |  |

| NET BOOK VALUE

| At 31 March 2026 | 4,403,161 |  |

| At 31 March 2025 | 4,393,697 |  |

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2026 | 4,403,161 |  |

FIFTH PROPERTY CO. LIMITED (REGISTERED NUMBER: 02702595) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

6. | INVESTMENT PROPERTIES - continued

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

2026 | 2025 |

| as restated |

£ | £ |

| Cost | 1,832,622 |  | 1,911,726 |  |

| Investment properties were valued on a fair value basis on 31 March 2026 by the directors. .

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

| as restated |

£ | £ |

| Rents receivable | 1,307 |  | 7,691 |  |

| Other Debtors | - |  | 30,363 |  |

| Prepayments | 11,240 |  | - |  |

12,547 |  | 38,054 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

| as restated |

£ | £ |

| Tax | 68,873 |  | 46,805 |  |

| Social security and other taxes | 10,250 |  | - |  |

| Proposed dividends | 121,200 |  | 111,100 |  |

| Other creditors | 2,047 |  | 1,806 |  |

| Accrued expenses | 23,427 |  | 24,348 |  |

225,797 |  | 184,059 |  |

9. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2025 | 1,053,132 |  | 2,204,776 |  | 3,257,908 |  |

| Profit for the year | 343,179 |  | 343,179 |  |

| Dividends | (121,200 | ) | (121,200 | ) |

| Profit and loss reserve transfer | (59,723 | ) | 59,723 |  | - |  |

| At 31 March 2026 | 1,215,388 |  | 2,264,499 |  | 3,479,887 |  |