REGISTERED NUMBER: 02702595 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

FIFTH PROPERTY CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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