Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302Flathouse Development provides housing development services for Black Orange INV Ltd.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-05-01false2truefalse 11081135 2023-05-01 2024-04-30 11081135 2022-05-01 2023-04-30 11081135 2024-04-30 11081135 2023-04-30 11081135 c:Director1 2023-05-01 2024-04-30 11081135 d:CurrentFinancialInstruments 2024-04-30 11081135 d:CurrentFinancialInstruments 2023-04-30 11081135 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11081135 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11081135 d:ShareCapital 2024-04-30 11081135 d:ShareCapital 2023-04-30 11081135 d:RetainedEarningsAccumulatedLosses 2024-04-30 11081135 d:RetainedEarningsAccumulatedLosses 2023-04-30 11081135 c:FRS102 2023-05-01 2024-04-30 11081135 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11081135 c:FullAccounts 2023-05-01 2024-04-30 11081135 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11081135 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
                                                                                                              Registered number: 11081135














FLATHOUSE DEVELOPMENTS LTD


UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
FLATHOUSE DEVELOPMENTS LTD
REGISTERED NUMBER: 11081135

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
6,670

Cash at bank and in hand
  
3,782
11,108

  
3,782
17,778

Creditors: amounts falling due within one year
 5 
(37,391)
(41,808)

Net current liabilities
  
 
 
(33,609)
 
 
(24,030)

Total assets less current liabilities
  
(33,609)
(24,030)

  

Net liabilities
  
(33,609)
(24,030)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(33,709)
(24,130)

  
(33,609)
(24,030)


Page 1

 
FLATHOUSE DEVELOPMENTS LTD
REGISTERED NUMBER: 11081135
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
Mr P B Smithers
Director

Date: 29 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FLATHOUSE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Flathouse Developments Ltd is a private company limited by shares and incorporated in England and Wales with registration number 11081135. The registered office is 17 Old Millers Wharf, Fishergate, Norwich, Norfolk, NR3 1GS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are presented in sterling which is the functional currency of the Company rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

Following the approval of these financial statements, the directors intend to wind the company up. As a result the financial statements are prepared on a basis other than going concern, which includes, where appropriate writing down assets to the net realisable value, and recognising any contractual commitments that have become onerous at the balance sheet date. No material adjustments arose as a result of ceasing to apply the going concern basis. The financial statements do not include any provision for future costs of winding up the company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FLATHOUSE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
FLATHOUSE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Other debtors
-
1,480

Prepayments and accrued income
-
5,190

-
6,670



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,458

Other taxation and social security
4
333

Other creditors
35,587
35,587

Accruals and deferred income
1,800
1,430

37,391
41,808


 
Page 5