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REGISTERED NUMBER: 11185911 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2022

for

Flavin Group Limited

Flavin Group Limited (Registered number: 11185911)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Flavin Group Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: S J Flavin





SECRETARY:





REGISTERED OFFICE: 6 Grove Avenue
Beeston
Nottingham
United Kingdom
NG9 4ED





REGISTERED NUMBER: 11185911 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Flavin Group Limited (Registered number: 11185911)

Statement of Financial Position
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 545,796 545,796

CURRENT ASSETS
Debtors 5 95,464 120,547
Cash at bank 2,442 4,061
97,906 124,608
CREDITORS
Amounts falling due within one year 6 19,536 17,401
NET CURRENT ASSETS 78,370 107,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,166

653,003

CREDITORS
Amounts falling due after more than one year 7 330,233 345,188
NET ASSETS 293,933 307,815

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 269,900 269,900
Retained earnings 23,933 37,815
SHAREHOLDERS' FUNDS 293,933 307,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Flavin Group Limited (Registered number: 11185911)

Statement of Financial Position - continued
31 March 2022


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 director and authorised for issue on 5 September 2022 and were signed by:





S J Flavin - Director


Flavin Group Limited (Registered number: 11185911)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Flavin Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Flavin Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Loans from directors
Any loans from the director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Flavin Group Limited (Registered number: 11185911)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2021
and 31 March 2022 545,796
NET BOOK VALUE
At 31 March 2022 545,796
At 31 March 2021 545,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by subsidiary 95,464 120,547

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 14,800 14,293
Tax - 191
Amounts owing to subsidiary 1,467 867
Directors' current accounts 3,269 1,100
Accrued expenses - 950
19,536 17,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 59,200 57,172
Bank loans more 5 yr by instal 271,033 288,016
330,233 345,188

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,033 288,016

Flavin Group Limited (Registered number: 11185911)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 345,033 359,481

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
99 Ordinary A £1 99 99
1 Ordinary B £1 1 1
100 100

10. RELATED PARTY DISCLOSURES

During the year dividends of £45,000 (2021 £33,730) were received from Flavin and McGhee Limited - a company which is wholly owned by Flavin Group Limited.

At the balance sheet date the amount owing to Flavin Group Limited by Flavin and McGhee Limited was £95,464 (2021 - £120,547). The balance is interest free and repayable on demand.

During the year dividends of £1,440 (2021 £12,770) were received from Hybrid Servicing Limited - a company which is wholly owned by Flavin Group Limited.

At the balance sheet date the amount owing to Flavin Group Limited by Hybrid Servicing Limited was £nil (2021 - £nil). The balance is interest free and repayable on demand.