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REGISTERED NUMBER: 14685551 (England and Wales)















Flat Sea Ltd

Unaudited Financial Statements

for the period

23 February 2023 to 28 February 2024






Flat Sea Ltd (Registered number: 14685551)

Contents of the Financial Statements
for the period 23 February 2023 to 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Flat Sea Ltd

Company Information
for the period 23 February 2023 to 28 February 2024







Directors: S Einhorn
R Einhorn





Registered office: 210 Upper Street
London
N1 1RL





Registered number: 14685551 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Flat Sea Ltd (Registered number: 14685551)

Balance Sheet
28 February 2024

Notes £ £
Fixed assets
Investments 4 1,000

Current assets
Debtors 5 454,657
Net current assets 454,657
Total assets less current liabilities 455,657

Capital and reserves
Called up share capital 6 1,000
Share premium 7 454,657
Shareholders' funds 455,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




R Einhorn - Director



S Einhorn - Director


Flat Sea Ltd (Registered number: 14685551)

Notes to the Financial Statements
for the period 23 February 2023 to 28 February 2024


1. Statutory information

Flat Sea 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. Employees and directors

The average number of employees during the period was 2 .

4. Fixed asset investments
Other
investments
£
Cost
Additions 1,000
At 28 February 2024 1,000
Net book value
At 28 February 2024 1,000

Flat Sea Ltd (Registered number: 14685551)

Notes to the Financial Statements - continued
for the period 23 February 2023 to 28 February 2024


5. Debtors: amounts falling due within one year
£
Amounts owed by group undertakings 453,657
Other debtors 1,000
454,657

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
632 Ordinary 'A' 1 632
181 Ordinary 'B' 1 181
187 Ordinary 'C' 1 187
1,000

The following shares were issued within the 2024 financial period at a premium:

632 £1 Ordinary "A" shares
181 £1 Ordinary "B" shares
187 £1 Ordinary "C" shares

7. Reserves
Retained Share
earnings premium Totals
£ £ £

Profit for the period 52,000 52,000
Dividends (52,000 ) (52,000 )
Cash share issue - 454,657 454,657
At 28 February 2024 - 454,657 454,657