IRIS Accounts Production v24.3.0.553 04396873 director 31.3.23 30.3.24 30.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043968732023-03-30043968732024-03-30043968732023-03-312024-03-30043968732022-03-30043968732022-03-312023-03-30043968732023-03-3004396873ns15:EnglandWales2023-03-312024-03-3004396873ns14:PoundSterling2023-03-312024-03-3004396873ns10:Director12023-03-312024-03-3004396873ns10:PrivateLimitedCompanyLtd2023-03-312024-03-3004396873ns10:SmallEntities2023-03-312024-03-3004396873ns10:AuditExempt-NoAccountantsReport2023-03-312024-03-3004396873ns10:SmallCompaniesRegimeForDirectorsReport2023-03-312024-03-3004396873ns10:SmallCompaniesRegimeForAccounts2023-03-312024-03-3004396873ns10:FullAccounts2023-03-312024-03-3004396873ns10:RegisteredOffice2023-03-312024-03-3004396873ns5:CurrentFinancialInstruments2024-03-3004396873ns5:CurrentFinancialInstruments2023-03-3004396873ns5:ShareCapital2024-03-3004396873ns5:ShareCapital2023-03-3004396873ns5:RetainedEarningsAccumulatedLosses2024-03-3004396873ns5:RetainedEarningsAccumulatedLosses2023-03-3004396873ns5:PlantMachinery2023-03-312024-03-3004396873ns5:PlantMachinery2023-03-3004396873ns5:PlantMachinery2024-03-3004396873ns5:CostValuation2023-03-3004396873ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3004396873ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3004396873ns5:Secured2024-03-3004396873ns5:Secured2023-03-30
REGISTERED NUMBER: 04396873 (England and Wales)















Financial Statements for the Year Ended 30 March 2024

for

Franklyn Estates Limited

Franklyn Estates Limited (Registered number: 04396873)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Franklyn Estates Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: M Bhatti





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 04396873 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Franklyn Estates Limited (Registered number: 04396873)

Balance Sheet
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 50 50
50 50

CURRENT ASSETS
Debtors 6 281,305 281,075
Cash at bank 11 11
281,316 281,086
CREDITORS
Amounts falling due within one year 7 556,471 551,154
NET CURRENT LIABILITIES (275,155 ) (270,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(275,105

)

(270,018

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (276,105 ) (271,018 )
SHAREHOLDERS' FUNDS (275,105 ) (270,018 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 March 2025 and were signed by:





M Bhatti - Director


Franklyn Estates Limited (Registered number: 04396873)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Franklyn Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite the current liability position and losses the accounts have been prepared on a going concern basis due to the continued support from the director and family.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the property consultancy fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised on receipt of the fees.

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 etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiaries are reviewed annually for any indicators of impairment.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year 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.


Franklyn Estates Limited (Registered number: 04396873)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023
and 30 March 2024 3,225
DEPRECIATION
At 31 March 2023
and 30 March 2024 3,225
NET BOOK VALUE
At 30 March 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 March 2023
and 30 March 2024 50
NET BOOK VALUE
At 30 March 2024 50
At 30 March 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Amounts owed by group undertakings - 108
Other debtors 281,305 280,967
281,305 281,075

Franklyn Estates Limited (Registered number: 04396873)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans and overdrafts 9,890 3,904
Amounts owed to group undertakings 2,392 -
Taxation and social security 7,050 7,050
Other creditors 537,139 540,200
556,471 551,154

8. SECURED DEBTS

The following secured debts are included within creditors:

30.3.24 30.3.23
£    £   
Bank overdrafts 9,794 3,791

9. RELATED PARTY DISCLOSURES

Included in other creditors a 30th March 2024 is £2,392 owed to related parties. The loans are unsecured and repayable on demand.

10. PURCHASES

There is a credit balance in purchases in 2023 as purchases were overstated in prior years. In addition there is a unquantifiable claim against the builder for a prior years development, and therefore 2022 accounts were not amended.