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COMPANY REGISTRATION NUMBER: SC372283
Flo Property Developments Ltd
Unaudited Financial Statements
For the year ended
29 February 2024
Flo Property Developments Ltd
Financial Statements
Year ended 29 February 2024
Contents
Page
Officers and professional advisers
1
Directors' report
2
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of comprehensive income
4
Statement of financial position
5
Notes to the financial statements
6
Flo Property Developments Ltd
Officers and Professional Advisers
The board of directors
Grant Robertson
Emma Robertson
Jamie Robertson
Registered office
53 Bothwell Street
Glasgow
G2 6TB
Accountants
Nelson Gilmour Smith
Chartered Accountants
Mercantile Chambers
53 Bothwell Street
Glasgow
G2 6TB
Flo Property Developments Ltd
Directors' Report
Year ended 29 February 2024
The directors present their report and the unaudited financial statements of the company for the year ended 29 February 2024 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Incorporation
The company was incorporated on 3rd February 2010.
Directors
The directors who served the company during the year were as follows:
Grant Robertson
Emma Robertson
(Appointed 11 January 2024)
Jamie Robertson
(Appointed 11 January 2024)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 November 2024 and signed on behalf of the board by:
Grant Robertson
Director
Registered office:
53 Bothwell Street
Glasgow
G2 6TB
Flo Property Developments Ltd
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Flo Property Developments Ltd
Year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flo Property Developments Ltd for the year ended 29 February 2024, which comprise the statement of comprehensive income, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Flo Property Developments Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Flo Property Developments Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flo Property Developments Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Flo Property Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Flo Property Developments Ltd. You consider that Flo Property Developments Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Flo Property Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Nelson Gilmour Smith Chartered Accountants
Mercantile Chambers 53 Bothwell Street Glasgow G2 6TB
28 November 2024
Flo Property Developments Ltd
Statement of Comprehensive Income
Year ended 29 February 2024
2024
2023
Note
£
£
Administrative expenses
13
----
----
Operating loss
( 13)
----
----
Loss before taxation
( 13)
Tax on loss
----
----
Loss for the financial year and total comprehensive income
( 13)
----
----
All the activities of the company are from continuing operations.
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year or prior year.
Flo Property Developments Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Current assets
Cash at bank and in hand
500
100
Creditors: amounts falling due within one year
4
439
26
----
----
Net current assets
61
74
----
----
Total assets less current liabilities
61
74
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 39)
( 26)
----
----
Shareholders funds
61
74
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 November 2024 , and are signed on behalf of the board by:
Grant Robertson
Director
Company registration number: SC372283
Flo Property Developments Ltd
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 53 Bothwell Street, Glasgow, G2 6TB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
439
26
----
----
5. Related party transactions
No transactions were entered into with Related Parties in the year that are required to be disclosed under the terms of FRS102 Section 1A.