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Registration number: 12490040

Flump Enterprises Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Flump Enterprises Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Flump Enterprises Limited

Company Information

Directors

A D Tarver

D N Moloney

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Flump Enterprises Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

46,495

53,145

Current assets

 

Debtors

5

1

1

Cash at bank and in hand

 

1,178

1,995

 

1,179

1,996

Creditors: Amounts falling due within one year

6

(73,992)

(68,952)

Net current liabilities

 

(72,813)

(66,956)

Net liabilities

 

(26,318)

(13,811)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(26,320)

(13,813)

Shareholders' deficit

 

(26,318)

(13,811)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 19 April 2024 and signed on its behalf by:
 

.........................................

A D Tarver

Director

Company registration number: 12490040

 

Flump Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of residential property management.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 March 2024 and had a net deficiency of assets of £26,318 and net current liabilities of £72,813 at this date. At this date, an amount of £71,353 was due to the directors who have confirmed they will not call for repayment until such time as the company has sufficient working capital.

The nature of the company's business is straight forward with few fixed overheads and the directors are able to exercise control over the company's expenditure.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities on a time apportioned basis. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises rental income evenly over the period of the lease or licence.

 

Flump Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

10% Straight line

Furniture, fittings and equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

 

Flump Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Property improvements
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

61,016

2,190

63,206

At 31 March 2024

61,016

2,190

63,206

Depreciation

At 1 April 2023

9,235

826

10,061

Charge for the year

6,102

548

6,650

At 31 March 2024

15,337

1,374

16,711

Carrying amount

At 31 March 2024

45,679

816

46,495

At 31 March 2023

51,781

1,364

53,145

5

Debtors

2024
£

2023
£

Other debtors

1

1

1

1

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

2,640

3,000

Other creditors

71,352

65,952

73,992

68,952