Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05664990 2022-02-01 2023-01-31 05664990 2021-02-01 2022-01-31 05664990 2023-01-31 05664990 2022-01-31 05664990 c:Director1 2022-02-01 2023-01-31 05664990 d:Buildings 2023-01-31 05664990 d:Buildings 2022-01-31 05664990 d:LandBuildings 2023-01-31 05664990 d:LandBuildings 2022-01-31 05664990 d:CurrentFinancialInstruments 2023-01-31 05664990 d:CurrentFinancialInstruments 2022-01-31 05664990 d:Non-currentFinancialInstruments 2023-01-31 05664990 d:Non-currentFinancialInstruments 2022-01-31 05664990 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05664990 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 05664990 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05664990 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 05664990 d:ShareCapital 2023-01-31 05664990 d:ShareCapital 2022-01-31 05664990 d:RetainedEarningsAccumulatedLosses 2023-01-31 05664990 d:RetainedEarningsAccumulatedLosses 2022-01-31 05664990 c:FRS102 2022-02-01 2023-01-31 05664990 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 05664990 c:FullAccounts 2022-02-01 2023-01-31 05664990 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 05664990









FLIGHTPATH FREEHOLD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
FLIGHTPATH FREEHOLD LIMITED
REGISTERED NUMBER: 05664990

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,347
1,347

  
1,347
1,347

Current assets
  

Debtors: amounts falling due within one year
 5 
4,548
4,788

Cash at bank and in hand
 6 
39,173
8,108

  
43,721
12,896

Creditors: amounts falling due within one year
 7 
(2,273)
(2,006)

Net current assets
  
 
 
41,448
 
 
10,890

Total assets less current liabilities
  
42,795
12,237

Creditors: amounts falling due after more than one year
 8 
(76,961)
(72,724)

  

Net liabilities
  
(34,166)
(60,487)


Capital and reserves
  

Called up share capital 
  
106
106

Income and loss account
  
(34,272)
(60,593)

  
(34,166)
(60,487)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 October 2023.


M Linchis
Director
Page 1

 
FLIGHTPATH FREEHOLD LIMITED
REGISTERED NUMBER: 05664990
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FLIGHTPATH FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Flightpath Freehold Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is First Floor, Lumiere, Elstree Way, Borehamwood, England, WD6 1JH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through loans from the shareholders.
Existing funding facilities indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. 
After reviewing the company's funding facilities, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  The director therefore continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue comprises contributions towards the Company's administrative expenditure receivable from the shareholders and is recognised in the period that it was contractually due.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from other third parties.

Page 3

 
FLIGHTPATH FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is not on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives.




3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 February 2022
1,347



At 31 January 2023

1,347






Net book value



At 31 January 2023
1,347



At 31 January 2022
1,347




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
1,347
1,347

1,347
1,347


Page 4

 
FLIGHTPATH FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
4,548
4,788

4,548
4,788



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
39,173
8,108

39,173
8,108



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
913
253

Other creditors
640
433

Accruals
720
1,320

2,273
2,006



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
76,961
72,721

Accruals and deferred income
-
3

76,961
72,724



9.


Controlling party

There was no ultimate controlling party throughout the year.

 
Page 5