2022-12-012023-11-302023-11-30false13044772FLYOVER PROPERTY INVESTMENT 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FLYOVER PROPERTY INVESTMENT LIMITED

Registered Number
13044772
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

FLYOVER PROPERTY INVESTMENT LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

SUN, Dong

Registered Address

19 Euan Close, Harborne
Birmingham
B17 8PL

Registered Number

13044772 (England and Wales)
FLYOVER PROPERTY INVESTMENT LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,707,8522,424,888
3,707,8522,424,888
Current assets
Debtors4,561,2496,794
Cash at bank and on hand84,0139,188
145,26215,982
Creditors amounts falling due within one year6(7,053)(6,645)
Net current assets (liabilities)138,2099,337
Total assets less current liabilities3,846,0612,434,225
Creditors amounts falling due after one year7(3,730,031)(2,430,085)
Net assets116,0304,140
Capital and reserves
Called up share capital1,0001,000
Profit and loss account115,0303,140
Shareholders' funds116,0304,140
The financial statements were approved and authorised for issue by the Director on 27 June 2024, and are signed on its behalf by:
SUN, Dong
Director
Registered Company No. 13044772
FLYOVER PROPERTY INVESTMENT LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year34
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 December 222,419,8916,0001,8902,427,781
Additions1,278,692-6,5001,285,192
At 30 November 233,698,5836,0008,3903,712,973
Depreciation and impairment
At 01 December 22-2,2006932,893
Charge for year-1,2001,0282,228
At 30 November 23-3,4001,7215,121
Net book value
At 30 November 233,698,5832,6006,6693,707,852
At 30 November 222,419,8913,8001,1972,424,888
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-1,900
Amounts owed by group undertakings1,0001,000
Other debtors27627
Prepayments and accrued income-3,867
Total1,2766,794
5.Debtors: amounts due after one year

2023

2022

££
Amounts owed by group undertakings 59,973-
Total59,973-
6.Creditors: amounts due within one year

2023

2022

££
Taxation and social security3,9335,085
Accrued liabilities and deferred income3,1201,560
Total7,0536,645
7.Creditors: amounts due after one year

2023

2022

££
Other creditors3,730,0312,430,085
Total3,730,0312,430,085