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COMPANY REGISTRATION NUMBER: SC372283
Flo Property Developments Ltd
Unaudited Financial Statements
For the year ended
28 February 2023
Flo Property Developments Ltd
Financial Statements
Year ended 28 February 2023
Contents
Page
Officers and professional advisers
1
Director's report
2
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
3
Statement of comprehensive income
4
Statement of financial position
5
Notes to the financial statements
6
Flo Property Developments Ltd
Officers and Professional Advisers
Director
Mr. G. Robertson
Registered office
53 Bothwell Street
Glasgow
G2 6TB
Accountants
Nelson Gilmour Smith
Chartered Accountants
Mercantile Chambers
53 Bothwell Street
Glasgow
G2 6TB
Flo Property Developments Ltd
Director's Report
Year ended 28 February 2023
The director presents his report and the unaudited financial statements of the company for the year ended 28 February 2023 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Incorporation
The company was incorporated on 3 February 2010 .
Director
The director who served the company during the year was as follows:
Mr. G. Robertson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 November 2023 and signed on behalf of the board by:
Mr. G. Robertson
Director
Registered office:
53 Bothwell Street
Glasgow
G2 6TB
Flo Property Developments Ltd
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Flo Property Developments Ltd
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flo Property Developments Ltd for the year ended 28 February 2023, which comprise the statement of comprehensive income, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Flo Property Developments Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Flo Property Developments Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flo Property Developments Ltd and its director for our work or for this report.
It is your duty to ensure that Flo Property Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flo Property Developments Ltd. You consider that Flo Property Developments Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Flo Property Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Nelson Gilmour Smith Chartered Accountants
Mercantile Chambers 53 Bothwell Street Glasgow G2 6TB
28 November 2023
Flo Property Developments Ltd
Statement of Comprehensive Income
Year ended 28 February 2023
2023
2022
Note
£
£
Administrative expenses
13
----
----
Operating loss
( 13)
----
----
Loss before taxation
( 13)
Tax on loss
----
----
Loss for the financial year and total comprehensive income
( 13)
----
----
All the activities of the company are from continuing operations.
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year or prior year.
Flo Property Developments Ltd
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
100
100
Creditors: amounts falling due within one year
4
26
26
----
----
Net current assets
74
74
----
----
Total assets less current liabilities
74
74
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 26)
( 26)
----
----
Shareholders funds
74
74
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mr. G. Robertson
Director
Company registration number: SC372283
Flo Property Developments Ltd
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 53 Bothwell Street, Glasgow, G2 6TB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
26
26
----
----
5. Related party transactions
The company was under the control of Mr G. Robertson , a Director and Shareholder, throughout the current period.