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Company Registration No. 10423963 (England and Wales)
FLO Property Ltd Unaudited accounts for the year ended 31 October 2023
FLO Property Ltd Unaudited accounts Contents
Page
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FLO Property Ltd Company Information for the year ended 31 October 2023
Directors
Tony John Pallant Joanne Pallant
Company Number
10423963 (England and Wales)
Registered Office
49 West Street Rochford Essex SS4 1BE England
Accountants
Portway Accountancy Services Limited 47 Back Lane Rochford Essex SS4 1AY
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FLO Property Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
674,392 
681,075 
Current assets
Debtors
1,344 
1,295 
Cash at bank and in hand
2,386 
1,816 
3,730 
3,111 
Creditors: amounts falling due within one year
(29,489)
(19,809)
Net current liabilities
(25,759)
(16,698)
Total assets less current liabilities
648,633 
664,377 
Creditors: amounts falling due after more than one year
(435,897)
(441,013)
Net assets
212,736 
223,364 
Capital and reserves
Called up share capital
2,000 
2,000 
Revaluation reserve
248,898 
248,898 
Profit and loss account
(38,162)
(27,534)
Shareholders' funds
212,736 
223,364 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Tony John Pallant Director Company Registration No. 10423963
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FLO Property Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
FLO Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10423963. The registered office is 49 West Street, Rochford, Essex, SS4 1BE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
- Not Depreciated
Motor vehicles
20% on a straight line basis
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
667,706 
33,418 
701,124 
At 31 October 2023
667,706 
33,418 
701,124 
Depreciation
At 1 November 2022
- 
20,049 
20,049 
Charge for the year
- 
6,683 
6,683 
At 31 October 2023
- 
26,732 
26,732 
Net book value
At 31 October 2023
667,706 
6,686 
674,392 
At 31 October 2022
667,706 
13,369 
681,075 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,344 
1,295 
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FLO Property Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,418 
Loans from directors
20,089 
9,991 
Accruals
4,400 
4,400 
29,489 
19,809 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
435,897 
441,013 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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