5 T Limited - Accounts to registrar (filleted) - small 18.2
5 T Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| 5 T Limited |
| 5 T Limited (Registered number: 04421203) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| 5 T Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| BS32 4JY |
| 5 T Limited (Registered number: 04421203) |
| Balance Sheet |
| 31 March 2018 |
| 31.3.18 | 31.3.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Non-distributable reserve | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 5 T Limited (Registered number: 04421203) |
| Balance Sheet - continued |
| 31 March 2018 |
| 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 on by: |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| 5 T Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net rents receivable and consultancy services. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2017 |
| Additions |
| Revaluations | 55,910 |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 6. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2018 is represented by: |
| £ |
| Valuation in 2009 | 225,000 |
| Valuation in 2010 | (630,760 | ) |
| Valuation in 2012 | 58,538 |
| Valuation in 2013 | 110,000 |
| Valuation in 2014 | (215,010 | ) |
| Valuation in 2015 | 175,000 |
| Valuation in 2016 | 305,010 |
| Valuation in 2018 | 62,000 |
| Cost | 1,922,222 |
| 2,012,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Cost | 1,922,222 | 1,922,222 |
| The revaluation of investment properties in the year ended 31 March 2009 was carried out by the Directors with |
| the exception of one property which was valued by Waterside & Country Homes. The revaluation of investment |
| properties in the year ended 31 March 2010 was carried out by the Directors with the exception of one property |
| which was valued by Alder King. The revaluation of investment properties in the years ended 31 March 2012 to |
| 31 March 2018 were carried out by the Directors. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Amounts owed by associates |
| Other loans - Robert Tippett | - | 15,000 |
| Other loans - Marquee Master | - | 70,000 |
| Other loans - Louis Tippett | - | 128,167 |
| Prepayments and accrued income |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Amounts owed to associates | 113,217 | - |
| Tax |
| Accruals and deferred income |
| Accrued expenses |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Mortgage | 600,000 | 600,000 |
| Directors' current accounts | 1,222,860 | 1,500,856 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Bank loans |
| A first legal charge over 209-211 Cheltenham Road, Bristol, BS6 5QP and its associated assets (existing |
| security) |
| A debenture over the Borrower's whole assets and undertaking (existing security) |
| A deed of postponement & subordination in respect of £500,000 owed by the Borrower to Richard David |
| Trentham Tippett (new security). |
| A deed of postponement & subordination in respect of £500,000 owed by the Borrower to Natalie Vida Jane |
| Tippett (new security). |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
| value: | £ | £ |
| Ordinary | £1 | 210 | 210 |
| Ordinary B | £1 | 19,800 | 19,800 |
| 20,010 | 20,010 |
| 12. | RESERVES |
| Retained | Non-distributable |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2017 | 361,528 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Assets revalued in period | - | 55,910 | 55,910 |
| At 31 March 2018 | 443,662 |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr Richard D T Tippett & Mrs Natalie V J Tippett. |