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REGISTERED NUMBER: 03744591 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Florios (Scarborough) Limited

Florios (Scarborough) Limited (Registered number: 03744591)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Florios (Scarborough) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A Floris





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 03744591 (England and Wales)





ACCOUNTANTS: Asquith Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Florios (Scarborough) Limited (Registered number: 03744591)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 738,625 367,992
Investments 5 246,998 238,860
985,623 606,852

CURRENT ASSETS
Debtors 6 138,084 135,948
Cash at bank 49,407 51,260
187,491 187,208
CREDITORS
Amounts falling due within one year 7 25,215 20,281
NET CURRENT ASSETS 162,276 166,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,899

773,779

PROVISIONS FOR LIABILITIES 72,199 1,537
NET ASSETS 1,075,700 772,242

CAPITAL AND RESERVES
Called up share capital 130 130
Fair value reserve 8 301,254 -
Retained earnings 774,316 772,112
1,075,700 772,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Florios (Scarborough) Limited (Registered number: 03744591)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 26 September 2024 and were signed by:





Mr A Floris - Director


Florios (Scarborough) Limited (Registered number: 03744591)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Florios (Scarborough) Limited 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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Florios (Scarborough) Limited (Registered number: 03744591)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 359,422 82,508 441,930
Revaluations 371,918 - 371,918
At 30 April 2024 731,340 82,508 813,848
DEPRECIATION
At 1 May 2023 - 73,938 73,938
Charge for year - 1,285 1,285
At 30 April 2024 - 75,223 75,223
NET BOOK VALUE
At 30 April 2024 731,340 7,285 738,625
At 30 April 2023 359,422 8,570 367,992

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 371,918 - 371,918
Cost 359,422 82,508 441,930
731,340 82,508 813,848

If freehold property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 328,082 328,082

Freehold property was valued on an open market basis on 30 April 2024 by A Floris (Director) .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 238,860
Revaluations 8,138
At 30 April 2024 246,998
NET BOOK VALUE
At 30 April 2024 246,998
At 30 April 2023 238,860

Florios (Scarborough) Limited (Registered number: 03744591)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2023 (32,683 )
Valuation in 2024 8,138
Cost 271,543
246,998

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 138,084 135,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 22,973 9,318
Other creditors 2,242 10,963
25,215 20,281

8. RESERVES
Fair
value
reserve
£   
Revaluation in year 371,918
Deferred tax charge (70,664 )

At 30 April 2024 301,254

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr A Floris
Balance outstanding at start of year - -
Amounts advanced 5,761 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,761 -