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Company Registration No. 10195455 (England and Wales)
Floyd Property Investments Limited Unaudited accounts for the year ended 30 April 2023
Floyd Property Investments Limited Unaudited accounts Contents
Page
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Floyd Property Investments Limited Company Information for the year ended 30 April 2023
Directors
Jason Floyd Natasha Floyd
Company Number
10195455 (England and Wales)
Registered Office
Unit 2, Siberia Mill Holgate Street Burnley BB10 2HQ
Accountants
Stewart Advisory Limited Cotton Court Church Street Preston PR1 3BY
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Floyd Property Investments Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
380,000 
350,000 
Current assets
Debtors
1 
1 
Cash at bank and in hand
3,814 
2,299 
3,815 
2,300 
Creditors: amounts falling due within one year
(20,785)
(78,393)
Net current liabilities
(16,970)
(76,093)
Total assets less current liabilities
363,030 
273,907 
Creditors: amounts falling due after more than one year
(255,635)
(173,675)
Provisions for liabilities
Deferred tax
(19,385)
(18,644)
Net assets
88,010 
81,588 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
88,009 
81,587 
Shareholders' funds
88,010 
81,588 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by
Jason Floyd Director Company Registration No. 10195455
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Floyd Property Investments Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Floyd Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10195455. The registered office is Unit 2, Siberia Mill, Holgate Street, Burnley, BB10 2HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Movements in fair value are debited/credited to the profit and loss account.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 May 2022
350,000 
Additions
26,100 
Net gain from fair value adjustments
3,900 
At 30 April 2023
380,000 
The investment properties have been valued at fair market value in the opinion of the directors.
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Floyd Property Investments Limited Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1 
1 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
895 
493 
Other creditors
18,750 
77,000 
Accruals
1,140 
900 
20,785 
78,393 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
255,635 
173,675 
Aggregate of amounts that fall due for payment after five years
255,635 
173,675 
The loans are secured on the investment properties.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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