Company Registration No. 13977075 (England and Wales)
FLAGSTONES PROPERTY GROUP LTD
Unaudited accounts
for the year ended 30 September 2024
FLAGSTONES PROPERTY GROUP LTD
Unaudited accounts
Contents
FLAGSTONES PROPERTY GROUP LTD
Company Information
for the year ended 30 September 2024
Directors
Lee Ward
Lorik Berisha
Company Number
13977075 (England and Wales)
Registered Office
Suite 1G Argyle House
76 Joel Street
Northwood
HA6 1LL
ENGLAND
Accountants
Everything Figures Ltd
155 Armstrongs Fields
Broughton
Aylesbury
Buckinghamshire
HP22 7BX
FLAGSTONES PROPERTY GROUP LTD
Statement of financial position
as at 30 September 2024
Tangible assets
85,813
35,080
Cash at bank and in hand
248,113
83,739
Creditors: amounts falling due within one year
(95,413)
(41,605)
Net current assets
179,841
67,003
Total assets less current liabilities
265,654
102,083
Provisions for liabilities
Net assets
244,201
102,083
Called up share capital
200
200
Profit and loss account
244,001
101,883
Shareholders' funds
244,201
102,083
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Lee Ward
Director
Company Registration No. 13977075
FLAGSTONES PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
FLAGSTONES PROPERTY GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13977075. The registered office is Suite 1G Argyle House, 76 Joel Street, Northwood, HA6 1LL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% SL
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
FLAGSTONES PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
12,500
25,000
-
10,432
47,932
Additions
46,516
47,018
4,375
3,653
101,562
Disposals
-
(25,000)
-
-
(25,000)
At 30 September 2024
59,016
47,018
4,375
14,085
124,494
At 1 October 2023
3,125
6,250
-
3,477
12,852
Charge for the year
14,754
18,005
875
4,695
38,329
Surplus on revaluation
-
(12,500)
-
-
(12,500)
At 30 September 2024
17,879
11,755
875
8,172
38,681
At 30 September 2024
41,137
35,263
3,500
5,913
85,813
At 30 September 2023
9,375
18,750
-
6,955
35,080
Amounts falling due within one year
Other debtors
27,141
24,869
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
53,156
24,153
Loans from directors
5,510
6,364
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Average number of employees
During the year the average number of employees was 2 (2023: 2).