Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseNo description of principal activity21truetrue 05664990 2023-02-01 2024-01-31 05664990 2022-02-01 2023-01-31 05664990 2024-01-31 05664990 2023-01-31 05664990 c:Director1 2023-02-01 2024-01-31 05664990 d:Buildings 2024-01-31 05664990 d:Buildings 2023-01-31 05664990 d:CurrentFinancialInstruments 2024-01-31 05664990 d:CurrentFinancialInstruments 2023-01-31 05664990 d:Non-currentFinancialInstruments 2024-01-31 05664990 d:Non-currentFinancialInstruments 2023-01-31 05664990 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05664990 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05664990 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 05664990 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05664990 d:ShareCapital 2024-01-31 05664990 d:ShareCapital 2023-01-31 05664990 d:RetainedEarningsAccumulatedLosses 2024-01-31 05664990 d:RetainedEarningsAccumulatedLosses 2023-01-31 05664990 c:FRS102 2023-02-01 2024-01-31 05664990 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05664990 c:FullAccounts 2023-02-01 2024-01-31 05664990 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05664990 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05664990









FLIGHTPATH FREEHOLD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
FLIGHTPATH FREEHOLD LIMITED
REGISTERED NUMBER: 05664990

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,347
1,347

  
1,347
1,347

Current assets
  

Debtors: amounts falling due within one year
 5 
4,468
4,548

Cash at bank and in hand
 6 
37,126
39,173

  
41,594
43,721

Creditors: amounts falling due within one year
 7 
(4,342)
(2,273)

Net current assets
  
 
 
37,252
 
 
41,448

Total assets less current liabilities
  
38,599
42,795

Creditors: amounts falling due after more than one year
 8 
(76,961)
(76,961)

  

Net liabilities
  
(38,362)
(34,166)


Capital and reserves
  

Called up share capital 
  
106
106

Income and loss account
  
(38,468)
(34,272)

  
(38,362)
(34,166)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2024.

M Linchis
Director

Page 1

 
FLIGHTPATH FREEHOLD LIMITED
REGISTERED NUMBER: 05664990
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FLIGHTPATH FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Flightpath Freehold Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is First Floor, Lumiere, Elstree Way, Borehamwood, England, WD6 1JH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through loans from the shareholders.
Existing funding facilities indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. 
After reviewing the company's funding facilities, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  The director therefore continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue comprises contributions towards the Company's administrative expenditure receivable from the shareholders and is recognised in the period that it was contractually due.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from other third parties.

Page 3

 
FLIGHTPATH FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is not on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives.




3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 February 2023
1,347



At 31 January 2024

1,347






Net book value



At 31 January 2024
1,347



At 31 January 2023
1,347


5.


Debtors

2024
2023
£
£


Other debtors
4,468
4,548

4,468
4,548


Page 4

 
FLIGHTPATH FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
37,126
39,173

37,126
39,173



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,582
913

Other creditors
800
640

Accruals
960
720

4,342
2,273



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
76,961
76,961

76,961
76,961



9.


Controlling party

There was no ultimate controlling party throughout the year.

 
Page 5