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REGISTERED NUMBER: 05857323 (England and Wales)















Unaudited Financial Statements

for the Period 1st September 2023 to 31st March 2024

for

Flynn Lettings Limited

Flynn Lettings Limited (Registered number: 05857323)






Contents of the Financial Statements
for the Period 1st September 2023 to 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flynn Lettings Limited

Company Information
for the Period 1st September 2023 to 31st March 2024







DIRECTORS: Ms A M Flynn
R Armstrong
R Armstrong





REGISTERED OFFICE: 58 Church Street
Wolverton
Milton Keynes
MK12 5JW





REGISTERED NUMBER: 05857323 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Flynn Lettings Limited (Registered number: 05857323)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 291,637 292,312

CURRENT ASSETS
Debtors 5 13,200 756
Investments 6 10,114 10,114
Cash at bank 7,858 3,238
31,172 14,108
CREDITORS
Amounts falling due within one year 7 (111,565 ) (11,536 )
NET CURRENT (LIABILITIES)/ASSETS (80,393 ) 2,572
TOTAL ASSETS LESS CURRENT LIABILITIES 211,244 294,884

CREDITORS
Amounts falling due after more than one year 8 (123,100 ) (224,000 )
NET ASSETS 88,144 70,884

CAPITAL AND RESERVES
Called up share capital 398 1
Retained earnings 87,746 70,883
88,144 70,884

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

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

Flynn Lettings Limited (Registered number: 05857323)

Balance Sheet - continued
31st 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 19th March 2025 and were signed on its behalf by:





Ms A M Flynn - Director


Flynn Lettings Limited (Registered number: 05857323)

Notes to the Financial Statements
for the Period 1st September 2023 to 31st March 2024

1. STATUTORY INFORMATION

Flynn Lettings 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 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.
Plant and machinery - straight line over 3 years
Motor vehicles - 20% 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 balance sheet date.

DEFERRED TAX
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 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.

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.

Flynn Lettings Limited (Registered number: 05857323)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st September 2023
and 31st March 2024 290,000 3,329 5,783 299,112
DEPRECIATION
At 1st September 2023 - 3,329 3,471 6,800
Charge for period - - 675 675
At 31st March 2024 - 3,329 4,146 7,475
NET BOOK VALUE
At 31st March 2024 290,000 - 1,637 291,637
At 31st August 2023 290,000 - 2,312 292,312

The directors sees no benefit in revaluing the assets.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,200 756

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 10,114 10,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,460 -
Tax 13,737 9,589
Social security and other taxes 249 -
VAT 9,739 1,947
Directors' current accounts 79,380 -
111,565 11,536

Flynn Lettings Limited (Registered number: 05857323)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 31st March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 123,100 -
Bank loans more 5 yr by instal - 224,000
123,100 224,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 224,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loan 131,560 -