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Unaudited Financial Statements for the Year Ended 31 May 2024

for

Flora Property Ltd

Flora Property Ltd (Registered number: 09074234)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Flora Property Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G H Asjadi
H Pashaei Khabiri





REGISTERED OFFICE: 69 Collingwood Crescent
Guildford
Surrey
GU1 2NU





REGISTERED NUMBER: 09074234 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Flora Property Ltd (Registered number: 09074234)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365,492 367,357

CURRENT ASSETS
Cash at bank 897 977

CREDITORS
Amounts falling due within one year 5 166,936 148,226
NET CURRENT LIABILITIES (166,039 ) (147,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,453

220,108

CREDITORS
Amounts falling due after more than one year 6 258,000 264,000
NET LIABILITIES (58,547 ) (43,892 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (58,647 ) (43,992 )
SHAREHOLDERS' FUNDS (58,547 ) (43,892 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





G H Asjadi - Director


Flora Property Ltd (Registered number: 09074234)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Flora Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

Flora Property Ltd (Registered number: 09074234)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 355,076 18,891 373,967
DEPRECIATION
At 1 June 2023 - 6,610 6,610
Charge for year - 1,865 1,865
At 31 May 2024 - 8,475 8,475
NET BOOK VALUE
At 31 May 2024 355,076 10,416 365,492
At 31 May 2023 355,076 12,281 367,357

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 345 575
Bounce back loan current 6,000 6,000
Directors' current accounts 159,631 140,691
Accrued expenses 960 960
166,936 148,226

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Loans 1 - 2 years 12,000 12,000
Loans 2 - 5 years 16,000 22,000
Loan 230,000 230,000
258,000 264,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G H Asjadi.