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Registered Number: 11206002


 

 

 

FLAIRMINT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Director Dmytro Stasiuk
Registered Number 11206002
Registered Office 1, HANWORTH TRADING ESTATE
HAMPTON ROAD WEST FELTHAM
Feltham
TW13 6DH
Accountants Grade A Accounting Ltd
124 City Road
London
EC1V 2NX
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 28 February 2023.
Principal activities
Principal activity of the company during the financial year was of property investment, development and subsequent letting.
Director
The director who served the company throughout the year was as follows:
Dmytro Stasiuk
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Dmytro Stasiuk
Director

Date approved: 03 November 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Grade A Accounting Ltd
28 February 2023



....................................................
Grade A Accounting Ltd
124 City Road
London
EC1V 2NX
03 November 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,687,350    1,467,780 
Investments 4 24,605   
1,711,955    1,467,780 
Current assets      
Debtors 5 24,043    10,000 
Cash at bank and in hand 26,367    59,624 
50,410    69,624 
Creditors: amount falling due within one year 6 (1,201)   (90)
Net current assets 49,209    69,534 
 
Total assets less current liabilities 1,761,164    1,537,314 
Creditors: amount falling due after more than one year 7 (1,580,005)   (1,475,206)
Net assets 181,159    62,108 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 8 213,839    80,139 
Profit and loss account (32,780)   (18,131)
Shareholder's funds 181,159    62,108 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 03 November 2023 and were signed by:


-------------------------------
Dmytro Stasiuk
Director
4
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 March 2021 100  (73,000) (15,652) (88,552)
Profit for the year (2,479) (2,479)
Transfers to/from other reserves 153,139  153,139 
Total comprehensive income for the year 153,139  (2,479) 150,660 
Total investments by and distributions to owners
At 28 February 2022 100  80,139  (18,131) 62,108 
At 01 March 2022 100  80,139  (18,131) 62,108 
Profit for the year (14,649) (14,649)
Revaluation of Fixed Assets 133,700  133,700 
Total comprehensive income for the year 133,700  (14,649) 119,051 
Total investments by and distributions to owners
At 28 February 2023 100  213,839  (32,780) 181,159 
5
General Information
FLAIRMINT LTD is a private company, limited by shares, registered in , registration number 11206002, registration address 1, HANWORTH TRADING ESTATE, HAMPTON ROAD WEST FELTHAM, Feltham, TW13 6DH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 3 Straight Line
Improvements to property 10 Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Improvements to property   Total
  £   £   £   £
At 01 March 2022 7,779    1,392,298    70,221    1,470,298 
Additions     106,095    106,095 
Disposals      
Revaluations   133,700      133,700 
At 28 February 2023 7,779    1,525,998    176,316    1,710,093 
Depreciation
At 01 March 2022 2,518        2,518 
Charge for year 2,593      17,632    20,225 
On disposals      
At 28 February 2023 5,111      17,632    22,743 
Net book values
Closing balance as at 28 February 2023 2,668    1,525,998    158,684    1,687,350 
Opening balance as at 01 March 2022 5,261    1,392,298    70,221    1,467,780 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2022  
Additions 24,605    24,605 
Transfer to/from tangible fixed assets  
Disposals  
At 28 February 2023 24,605    24,605 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Directors Loan less than 9 months 14,043   
14,043   

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 10,000    10,000 
10,000    10,000 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 172   
PAYE & Social Security 90    90 
Accrued Expenses 939   
1,201    90 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 880,005    775,206 
Other Creditors 700,000    700,000 
1,580,005    1,475,206 

8.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 80,139    (73,000)
Revaluation of Fixed Assets 133,700   
Transfers to/from Other Reserves   153,139 
213,839    80,139 

6