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REGISTERED NUMBER: 13566848 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Floor Seven Properties Limited

Floor Seven Properties Limited (Registered number: 13566848)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Floor Seven Properties Limited (Registered number: 13566848)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 151,655 151,655

CURRENT ASSETS
Debtors 5 28,376 -
Cash at bank 9,591 32,486
37,967 32,486
CREDITORS
Amounts falling due within one year 6 179,674 179,580
NET CURRENT LIABILITIES (141,707 ) (147,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,948

4,561

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 9,846 4,459
SHAREHOLDERS' FUNDS 9,948 4,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 21st April 2025 and were signed on its behalf by:





Mrs N Sethi - Director


Floor Seven Properties Limited (Registered number: 13566848)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. COMPANY INFORMATION

Floor Seven Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13566848

Registered office: The Lexicon
10-12 Mount Street
Manchester
United Kingdom
M2 5NT

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.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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.

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 ) .

Floor Seven Properties Limited (Registered number: 13566848)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023
and 31st August 2024 151,655
NET BOOK VALUE
At 31st August 2024 151,655
At 31st August 2023 151,655

Investment property comprises a residential property in Edgeley, Stockport. The investment property is carried at cost due to the directors considering there to be no material change since the date of acquisition in January 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Directors' current accounts 28,376 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 177,510 177,510
Tax 1,264 1,046
Directors' current accounts - 124
Accrued expenses 900 900
179,674 179,580

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary A 1 100 100
2 Ordinary B 1 2 2
102 102

All shares rank pari passu in terms of voting, dividend and capital distribution rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£    £   
Mrs N Sethi
Balance outstanding at start of year (124 ) -
Amounts advanced 28,500 -
Amounts repaid - (124 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,376 (124 )