Registered number
13279931
Florduf Limited
(Formerly Florduf Investments Ltd)
Filleted Accounts
31 December 2023
Florduf Limited
Registered number: 13279931
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 418,487 478,487
Cash at bank and in hand 183,705 77,459
602,192 555,946
Creditors: amounts falling due within one year 4 (556,196) (537,025)
Net current assets 45,995 18,921
Net assets 45,995 18,921
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,895 18,821
Shareholder's funds 45,995 18,921
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ronan Duffy
Director
Approved by the board on 16 September 2024
Florduf Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors 418,487 478,487
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 548,009 531,409
Taxation and social security costs 6,987 4,415
Other creditors 1,200 1,201
556,196 537,025
5 Events after the reporting date
There have been no events since the balance sheet date which would require the financial statements to be re-stated. The director would like to note, with effect from 20th March 2024, the name of the company was changed from Florduf Investments Ltd to Florduf Limited.
6 Contingent liabilities
As far as the director is aware there are no contingent liabilities at 31st December 2023 not provided for in the accounts.
7 Related party transactions
There have been no related party transactions outside the normal course of business. The company has received loans from Zenya Limited, a related party and the balance owing in relation to these loans is shown in note 4.
8 Controlling party
The Ultimate controlling party is Mr Ronan Duffy.
9 Other information
Florduf Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 859
182-184 High Street North
East Ham
London
E6 2JA
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