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
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
Flava Enterprises Ltd
Statement of financial position
as at 31 July 2023
Investments
1,148,439
1,158,254
Cash at bank and in hand
4,343
26,368
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)
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
Flava Enterprises Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
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.
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.
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.
Listed investments are measured at fair value. rofit or loss arising on revaluation of listed investments are recognised under revaluation reserve.
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.
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.
Flava Enterprises Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Accrued income and prepayments
-
2,225
Other debtors
30,730
830,809
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).