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REGISTERED NUMBER: 09544821 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

FLOOD PROJECTS LIMITED

FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 8

FLOOD PROJECTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: Mr J P Flood
Mr S O'Neill





SECRETARY: Mrs D Flood





REGISTERED OFFICE: Russell House
140 High Street
Edgware
Middlesex
HA8 7LW





REGISTERED NUMBER: 09544821 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 423 267

CURRENT ASSETS
Debtors 5 57,474 80,792
Cash at bank and in hand 13,040 8,154
70,514 88,946
CREDITORS
Amounts falling due within one year 6 (50,039 ) (52,887 )
NET CURRENT ASSETS 20,475 36,059
TOTAL ASSETS LESS CURRENT LIABILITIES 20,898 36,326

CREDITORS
Amounts falling due after more than one year 7 (19,048 ) (30,637 )
NET ASSETS 1,850 5,689

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 10 1,550 5,389
SHAREHOLDERS' FUNDS 1,850 5,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mr J P Flood - Director


FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Flood Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 3,466
Additions 720
Disposals (3,465 )
At 31 March 2024 721
DEPRECIATION
At 1 January 2023 3,199
Charge for period 297
Eliminated on disposal (3,198 )
At 31 March 2024 298
NET BOOK VALUE
At 31 March 2024 423
At 31 December 2022 267

FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 25,200 -
Amounts owed by group undertakings - 59,592
Other debtors 32,274 21,200
57,474 80,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 10,035 10,648
Trade creditors 13,257 1,346
Taxation and social security 24,014 37,913
Other creditors 2,733 2,980
50,039 52,887

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans (see note 8) 19,048 30,637

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,035 10,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,289 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,759 19,989

FLOOD PROJECTS LIMITED (REGISTERED NUMBER: 09544821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.12.22
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
200 Ordinary C 1 200 200
300 300

10. RESERVES
Retained
earnings
£   

At 1 January 2023 5,389
Profit for the period 66,161
Dividends (70,000 )
At 31 March 2024 1,550

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £70,000 were paid to the directors .

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FLOOD PROJECTS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flood Projects Limited for the period ended 31 March 2024 which comprise the Income Statement, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Flood Projects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flood Projects Limited and state those matters that we have agreed to state to the Board of Directors of Flood Projects Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flood Projects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flood Projects Limited 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 profit of Flood Projects Limited. You consider that Flood Projects Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Flood Projects Limited. 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.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


28 November 2024