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Floral Park Properties Limited
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Floral Park Properties Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Floral Park Properties Limited for the year ended 31 July 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of directors of Floral Park Properties Limited, as a body, in accordance with the terms of our engagement letter dated 31 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Floral Park Properties Limited and state those matters that we have agreed to state to the Board of directors of Floral Park Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Floral Park Properties Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Floral Park Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Floral Park Properties Limited. You consider that Floral Park Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Floral Park Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
3 April 2025
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Floral Park Properties Limited
Registered number: 12760021
Balance sheet
As at 31 July 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Notes
The company is a private company, limited by share capital, and incorporated in England and Wales. The registered office of the company is Springfield House, Springfield Road, Horsham, West Sussex, United Kingdom, RH12 2RG.
Average number of employees
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
Directors' confirmations
The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the 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:
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Edith Barton
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Floral Park Properties Limited
Registered number: 12760021
The financial statements for the year ended 31 July 2023 have been restated to reflect the dividend in specie for the transfer of assets from its subsidiary which occurred on 20 January 2021. The overall impact of these adjustments resulted in a restatement at 31 July 2023 to: increase the value of the freehold property to £1,277,750, decrease the directors loan account balance to £371,083, and increase retained earnings to £921,881. The restatement had no effect on the amount of Corporation Tax that was due.
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