Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12Property developmentfalsetruefalse 09248088 2023-04-01 2024-03-31 09248088 2022-04-01 2023-03-31 09248088 2024-03-31 09248088 2023-03-31 09248088 c:Director1 2023-04-01 2024-03-31 09248088 d:CurrentFinancialInstruments 2024-03-31 09248088 d:CurrentFinancialInstruments 2023-03-31 09248088 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09248088 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09248088 d:ShareCapital 2024-03-31 09248088 d:ShareCapital 2023-03-31 09248088 d:CapitalRedemptionReserve 2024-03-31 09248088 d:CapitalRedemptionReserve 2023-03-31 09248088 d:RetainedEarningsAccumulatedLosses 2024-03-31 09248088 d:RetainedEarningsAccumulatedLosses 2023-03-31 09248088 c:FRS102 2023-04-01 2024-03-31 09248088 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09248088 c:FullAccounts 2023-04-01 2024-03-31 09248088 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09248088 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09248088









ONLY FLATS AND HOUSES DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ONLY FLATS AND HOUSES DEVELOPMENTS LIMITED
REGISTERED NUMBER: 09248088

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
2,420
4,960

Cash at bank and in hand
  
683,432
683,271

  
685,852
688,231

Creditors: amounts falling due within one year
  
(653,749)
(653,749)

Net current assets
  
 
 
32,103
 
 
34,482

Total assets less current liabilities
  
32,103
34,482

  

Net assets
  
32,103
34,482


Capital and reserves
  

Called up share capital 
  
50
50

Capital redemption reserve
  
50
(50)

Profit and loss account
  
32,003
34,482

  
32,103
34,482


Page 1

 
ONLY FLATS AND HOUSES DEVELOPMENTS LIMITED
REGISTERED NUMBER: 09248088
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 D Sullivan
Director

Date: 20 March 2025

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

Page 2

 
ONLY FLATS AND HOUSES DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Only Flats and Houses Developments Limited is a private company limited by shares and incorporated in
England and Wales (registered number 09248088). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statemets are presented in Sterling, which is the functional currency of the company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

 
ONLY FLATS AND HOUSES DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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 the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
1
2


4.


Debtors

2024
2023
£
£


Other debtors
2,420
4,960

2,420
4,960



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
683,432
683,271

683,432
683,271


Page 4

 
ONLY FLATS AND HOUSES DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
651,949
651,949

Accruals and deferred income
1,800
1,800

653,749
653,749



7.


Directors' transactions

At the end of the year the company owed £519,949 (2023: £519,949) to Mr D Sullivan.

 
Page 5