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REGISTERED NUMBER: 12186629 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

FL110 LTD

FL110 LTD (REGISTERED NUMBER: 12186629)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FL110 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: A C Sufrin





REGISTERED OFFICE: 74 Brent Street
London
NW4 2ES





REGISTERED NUMBER: 12186629 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FL110 LTD (REGISTERED NUMBER: 12186629)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,400,671 1,400,671

CURRENT ASSETS
Debtors 5 49 134
Cash at bank 189 1,142
238 1,276
CREDITORS
Amounts falling due within one year 6 (273,793 ) (274,001 )
NET CURRENT LIABILITIES (273,555 ) (272,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,127,116

1,127,946

CREDITORS
Amounts falling due after more than one
year

7

(1,082,624

)

(1,088,580

)
NET ASSETS 44,492 39,366

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 44,392 39,266
SHAREHOLDERS' FUNDS 44,492 39,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

FL110 LTD (REGISTERED NUMBER: 12186629)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


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 23 October 2023 and were signed by:





A C Sufrin - Director


FL110 LTD (REGISTERED NUMBER: 12186629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Fl110 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,400,671
NET BOOK VALUE
At 30 September 2023 1,400,671
At 30 September 2022 1,400,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 49 49
Prepayments - 85
49 134

FL110 LTD (REGISTERED NUMBER: 12186629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 6,063 6,813
Other creditors 244,354 241,532
Rent deposit 5,136 6,316
Directors' current accounts 17,400 17,400
Accrued expenses 840 1,940
273,793 274,001

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans more 5 yrs non-inst 1,042,914 1,042,914
Other loans more 5yrs instal 39,710 45,666
1,082,624 1,088,580

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,042,914 1,042,914

Repayable by instalments
Other loans more 5yrs instal 39,710 45,666

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 1,042,914 1,042,914
Other loans 39,710 45,666
1,082,624 1,088,580

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £39,710 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary 1 100 100

FL110 LTD (REGISTERED NUMBER: 12186629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. RESERVES
Retained
earnings
£   

At 1 October 2022 39,266
Profit for the year 5,126
At 30 September 2023 44,392

11. ULTIMATE CONTROLLING PARTY

The controlling party is A C Sufrin.