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REGISTERED NUMBER: 15079046 (England and Wales)















Unaudited Financial Statements

for the Period 17 August 2023 to 31 July 2024

for

Florence Maple Ltd

Florence Maple Ltd (Registered number: 15079046)

Contents of the Financial Statements
for the Period 17 August 2023 to 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Florence Maple Ltd

Company Information
for the Period 17 August 2023 to 31 July 2024







DIRECTORS: O J Clarke
Mrs L A Lewis
C Lewis



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 15079046 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank

Florence Maple Ltd (Registered number: 15079046)

Statement of Financial Position
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 7,879
Investment property 5 595,309
603,188

CURRENT ASSETS
Debtors 6 12,904
Cash at bank 33,778
46,682
CREDITORS
Amounts falling due within one year 7 273,372
NET CURRENT LIABILITIES (226,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,498

CREDITORS
Amounts falling due after more than one
year

8

441,281
NET LIABILITIES (64,783 )

CAPITAL AND RESERVES
Called up share capital 10 100
Fair value reserve 27,859
Retained earnings (92,742 )
SHAREHOLDERS' FUNDS (64,783 )

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

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

Florence Maple Ltd (Registered number: 15079046)

Statement of Financial Position - continued
31 July 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 14 March 2025 and were signed on its behalf by:





Mrs L A Lewis - Director


Florence Maple Ltd (Registered number: 15079046)

Notes to the Financial Statements
for the Period 17 August 2023 to 31 July 2024


1. STATUTORY INFORMATION

Florence Maple Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income due for the accounting period from investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation, Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net current liabilities of £226,690 and net liabilities of £64,783 the financial statements have been prepared on a going concern basis. The directors have reviewed the future cash requirements of the business and have expressed their intention to continue to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

Florence Maple Ltd (Registered number: 15079046)

Notes to the Financial Statements - continued
for the Period 17 August 2023 to 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
Additions 7,957
At 31 July 2024 7,957
Depreciation
Charge for period 78
At 31 July 2024 78
Net book value
At 31 July 2024 7,879

5. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 560,915
Revaluations 34,394
At 31 July 2024 595,309
Net book value
At 31 July 2024 595,309

If investment properties had not been revalued they would have been included at the historical cost of £560,915.

The directors have reviewed the local property market and made enquiries with local agents to determine the fair value of the investment properties. Based upon this review, the fair value of investment property has increased during the year as shown above.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 12,904

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 273,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 441,281

Florence Maple Ltd (Registered number: 15079046)

Notes to the Financial Statements - continued
for the Period 17 August 2023 to 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
£   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 441,281

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Loans (mortgages) 441,281

The loans (mortgages) are secured by way of fixed charges over the company's investment properties and other fixtures and fittings.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
20 Ordinary A £1 20
20 Ordinary B £1 20
30 Ordinary C £1 30
30 Ordinary D £1 30
100

The following shares were issued during the period for cash at par :

20 Ordinary A shares of £1
20 Ordinary B shares of £1
30 Ordinary C shares of £1
30 Ordinary D shares of £1

11. RELATED PARTY DISCLOSURES

C Lewis & Mrs L A Lewis
Directors

The above directors have loaned funds to the company. At 31 July 2024, the company owed the directors £269,021. The loan is interest free with no fixed repayment terms.