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Company Registration No. 07143211 (England and Wales)
Flava Enterprises Ltd Unaudited accounts for the year ended 31 July 2023
Flava Enterprises Ltd Unaudited accounts Contents
Page
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Flava Enterprises Ltd Company Information for the year ended 31 July 2023
Director
Dalminder Singh Rai
Company Number
07143211 (England and Wales)
Registered Office
63/66 HATTON GARDEN FIFTH FLOOR, SUITE 23 LONDON EC1N 8LE UNITED KINGDOM
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Flava Enterprises Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
33,506 
840,286 
Investments
1,148,439 
1,158,254 
Cash at bank and in hand
4,343 
26,368 
1,186,288 
2,024,908 
Creditors: amounts falling due within one year
(2,367,390)
(2,178,738)
Net current liabilities
(1,181,102)
(153,830)
Total assets less current liabilities
(1,181,102)
(153,830)
Creditors: amounts falling due after more than one year
(43,235)
(46,714)
Net liabilities
(1,224,337)
(200,544)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
(29,874)
(26,404)
Profit and loss account
(1,194,563)
(174,240)
Shareholders' funds
(1,224,337)
(200,544)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 18 July 2024 and were signed on its behalf by
Dalminder Singh Rai Director Company Registration No. 07143211
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Flava Enterprises Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Flava Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 07143211. The registered office is 63/66 HATTON GARDEN, FIFTH FLOOR, SUITE 23, LONDON, EC1N 8LE, UNITED KINGDOM.
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. The accounts are presented in £ sterling.
Going concern
The director believes that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the director will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.
Turnover
Revenue represents dividends receivable and other income arising from continuing activites and is recognised on an accruals basis when it becomes receivable. Interest income is recognised on an accruals basis when it becomes receivable.
Investments
Listed investments are measured at fair value. rofit or loss arising on revaluation of listed investments are recognised under revaluation reserve.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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Flava Enterprises Ltd Notes to the Accounts for the year ended 31 July 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,776 
7,252 
Accrued income and prepayments
- 
2,225 
Other debtors
30,730 
830,809 
33,506 
840,286 
5
Investments held as current assets
2023 
2022 
£ 
£ 
Listed investments
1,148,439 
1,158,254 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,694,820 
1,420,195 
Trade creditors
13,713 
30,660 
Taxes and social security
105,236 
111,275 
Other creditors
551,621 
606,595 
Loans from directors
- 
8,013 
Accruals
2,000 
2,000 
2,367,390 
2,178,738 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
43,235 
46,714 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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