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REGISTERED NUMBER: 12767081 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022

FOR

FOUNTHILL FLAMSTEAD LTD

FOUNTHILL FLAMSTEAD LTD (REGISTERED NUMBER: 12767081)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 August 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOUNTHILL FLAMSTEAD LTD

COMPANY INFORMATION
for the Period 1 August 2021 to 31 December 2022







DIRECTORS: Mr K P Edge
Mr A J Shome





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 12767081 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

FOUNTHILL FLAMSTEAD LTD (REGISTERED NUMBER: 12767081)

BALANCE SHEET
31 December 2022

31.12.22 31.7.21
Notes £    £   
CURRENT ASSETS
Stocks 4 - 48,927
Debtors 5 5,240 148,895
Cash at bank and in hand 11,508 1,743
16,748 199,565
CREDITORS
Amounts falling due within one year 6 23,538 200,561
NET CURRENT LIABILITIES (6,790 ) (996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,790

)

(996

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (6,890 ) (1,096 )
SHAREHOLDERS' FUNDS (6,790 ) (996 )

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

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

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





Mr A J Shome - Director


FOUNTHILL FLAMSTEAD LTD (REGISTERED NUMBER: 12767081)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 August 2021 to 31 December 2022

1. STATUTORY INFORMATION

Founthill Flamstead 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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, the shareholders, the parent undertaking and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Changes in accounting policies
The current period's financial statements represent a 17 month period to 31 December 2022, the prior period represents a 12 month period to 31 July 2021.

Turnover
Turnover comprises the fair value of the consideration received or receivable, rebates and discounts. Revenue and profit are recognised on [private housing development properties and land sales] in the profit and loss account when the significant risks and rewards of ownership have been transferred to the purchaser. Revenue in respect of the sale of residential properties is recognised at the fair value of the consideration received or receivable on legal completion.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FOUNTHILL FLAMSTEAD LTD (REGISTERED NUMBER: 12767081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4. STOCKS
31.12.22 31.7.21
£    £   
Work-in-progress - 48,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.7.21
£    £   
Amounts owed by group undertakings - 142,895
Directors' current accounts 5,240 6,000
5,240 148,895

FOUNTHILL FLAMSTEAD LTD (REGISTERED NUMBER: 12767081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2021 to 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.7.21
£    £   
Trade creditors 600 -
Amounts owed to group undertakings - 199,462
Other creditors 20,337 -
Directors' current accounts 500 500
Accruals 2,101 599
23,538 200,561

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.7.21
value: £    £   
10 Ordinary £10 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 December 2022 and 31 July 2021:

31.12.22 31.7.21
£    £   
Mr A J Shome
Balance outstanding at start of period 6,000 -
Amounts advanced 5,240 6,000
Amounts repaid (6,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 5,240 6,000