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REGISTERED NUMBER: 03750422 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FINCHLEA ESTATES LIMITED

FINCHLEA ESTATES LIMITED (REGISTERED NUMBER: 03750422)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINCHLEA ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D R Leader
R A Leader
F M Leader
M J Leader





SECRETARY: F M Leader





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 03750422 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

FINCHLEA ESTATES LIMITED (REGISTERED NUMBER: 03750422)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,527 21,987

CURRENT ASSETS
Debtors 5 326,113 310,731
Cash at bank and in hand 5,539 21,554
331,652 332,285
CREDITORS
Amounts falling due within one year 6 200,842 212,789
NET CURRENT ASSETS 130,810 119,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,337

141,483

PROVISIONS FOR LIABILITIES 7 6,550 1,912
NET ASSETS 151,787 139,571

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 151,786 139,570
SHAREHOLDERS' FUNDS 151,787 139,571

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





D R Leader - Director


FINCHLEA ESTATES LIMITED (REGISTERED NUMBER: 03750422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Finchlea Estates 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.

Turnover
Turnover represents net invoiced sales of property management services, excluding value added tax.

Turnover is recognised in the period in which service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost
Motor Vehicles - 25% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

FINCHLEA ESTATES LIMITED (REGISTERED NUMBER: 03750422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 38,728 4,000 22,738 65,466
Additions 12,635 - 2,873 15,508
At 30 April 2024 51,363 4,000 25,611 80,974
DEPRECIATION
At 1 May 2023 27,117 1,750 14,612 43,479
Charge for year 6,598 563 2,807 9,968
At 30 April 2024 33,715 2,313 17,419 53,447
NET BOOK VALUE
At 30 April 2024 17,648 1,687 8,192 27,527
At 30 April 2023 11,611 2,250 8,126 21,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 253,770 250,633
Other debtors 72,343 60,098
326,113 310,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 20,166 27,435
Taxation and social security 26,426 46,348
Other creditors 154,250 139,006
200,842 212,789

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 6,550 1,912

Deferred
tax
£   
Balance at 1 May 2023 1,912
Movement in the year 4,638
Balance at 30 April 2024 6,550

FINCHLEA ESTATES LIMITED (REGISTERED NUMBER: 03750422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
Director
Balance outstanding at start of year 32,159 (1,572 )
Amounts advanced 109,082 114,425
Amounts repaid (112,090 ) (80,694 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,151 32,159

Director
Balance outstanding at start of year (10,041 ) (10,523 )
Amounts advanced 27,144 48,151
Amounts repaid (18,558 ) (47,669 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,455 ) (10,041 )

Director
Balance outstanding at start of year (9,936 ) (10,902 )
Amounts advanced 27,144 48,635
Amounts repaid (18,558 ) (47,669 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,350 ) (9,936 )

Director
Balance outstanding at start of year (1,969 ) (546 )
Amounts repaid (982 ) (1,423 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,951 ) (1,969 )

Interest is charged on loans from the company to directors at a rate of 2.25% per annum.

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Finchlea Holdings Limited. The parent company does not produce group accounts on the basis that the group is small.