Flynn Nursery Group Ltd SC695457 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 true false true SC695457 2023-05-01 2024-04-30 SC695457 2024-04-30 SC695457 core:CurrentFinancialInstruments 2024-04-30 SC695457 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 SC695457 core:AdditionsToInvestments 2024-04-30 SC695457 core:CostValuation 2024-04-30 SC695457 core:DisposalsDecreaseInInvestments 2024-04-30 SC695457 bus:SmallEntities 2023-05-01 2024-04-30 SC695457 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC695457 bus:FilletedAccounts 2023-05-01 2024-04-30 SC695457 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC695457 bus:RegisteredOffice 2023-05-01 2024-04-30 SC695457 bus:Director1 2023-05-01 2024-04-30 SC695457 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC695457 countries:Scotland 2023-05-01 2024-04-30 SC695457 core:CostValuation 2023-04-30 SC695457 2022-05-01 2023-04-30 SC695457 2023-04-30 SC695457 core:CurrentFinancialInstruments 2023-04-30 SC695457 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: SC695457

Flynn Nursery Group Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Flynn Nursery Group Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Flynn Nursery Group Ltd

(Registration number: SC695457)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

295,002

295,200

Current assets

 

Debtors

5

30,198

-

Cash at bank and in hand

 

-

14

 

30,198

14

Creditors: Amounts falling due within one year

6

(116,325)

(85,218)

Net current liabilities

 

(86,127)

(85,204)

Net assets

 

208,875

209,996

Capital and reserves

 

Called up share capital

20

20

Retained earnings

208,855

209,976

Shareholders' funds

 

208,875

209,996

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr S D Flynn
Director

 

Flynn Nursery Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
Scotland

The principal place of business is:
8 Farington Terrace
Dundee
Angus
DD2 1LP
Scotland

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Flynn Nursery Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

295,002

295,200

 

Flynn Nursery Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Subsidiaries

£

Cost or valuation

At 1 May 2023

295,200

Additions

2

Disposals

(200)

At 30 April 2024

295,002

Provision

Carrying amount

At 30 April 2024

295,002

At 30 April 2023

295,200

5

Debtors

Current

2024
£

2023
£

Other debtors

30,198

-

 

30,198

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

55

-

Trade creditors

 

1,123

-

Accruals and deferred income

 

874

793

Other creditors

 

114,273

84,425

 

116,325

85,218

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

55

-