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Registration number: 11341571

Fleur Homes Limited

Filleted Unaudited Financial Statements

for the Year Ended 29 November 2023

 

Fleur Homes Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Fleur Homes Limited

(Registration number: 11341571)
Balance Sheet as at 29 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

316,501

316,501

Current assets

 

Cash at bank and in hand

 

1,875

851

Creditors: Amounts falling due within one year

6

(51,687)

(54,024)

Net current liabilities

 

(49,812)

(53,173)

Total assets less current liabilities

 

266,689

263,328

Creditors: Amounts falling due after more than one year

6

(244,855)

(245,718)

Provisions for liabilities

(9,380)

(9,380)

Net assets

 

12,454

8,230

Capital and reserves

 

Called up share capital

4

4

Retained earnings

12,450

8,226

Shareholders' funds

 

12,454

8,230

For the financial year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 February 2024 and signed on its behalf by:
 

 

Fleur Homes Limited

(Registration number: 11341571)
Balance Sheet as at 29 November 2023

.........................................
Mr T Achtmanis
Director

 

Fleur Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
2 Cherry Orchard
Newcastle under Lyme
ST5 2UB

These financial statements were authorised for issue by the Board on 8 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Fleur Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Fleur Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 4).

4

Investment properties

2023
£

At 30 November

316,501

At 29 November

316,501

There has been no valuation of investment property by an independent valuer.

Impairment of investment property

The amount of impairment loss included in profit or loss is £Nil (2022 - £30,700).

 

Fleur Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

5

Debtors

Current

2023
£

2022
£

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

900

900

Taxation and social security

 

2,754

2,754

Accruals and deferred income

 

954

780

Other creditors

 

47,079

49,590

 

51,687

54,024

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

244,855

245,718

2023
£

2022
£

Due after more than five years

After more than five years not by instalments

243,073

243,073

-

-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £243,073 (2022 - £243,073).

7

Non adjusting events after the financial period

There were no material events up to the date of approval of the financial statements by the board.