Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13550055 Mr Paul Stubbs Mr Kelson Stubbs Mr Connor Stubbs Mr Darren Herbert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13550055 2023-08-31 13550055 2024-08-31 13550055 2023-09-01 2024-08-31 13550055 frs-core:CurrentFinancialInstruments 2024-08-31 13550055 frs-core:FurnitureFittings 2024-08-31 13550055 frs-core:FurnitureFittings 2023-09-01 2024-08-31 13550055 frs-core:FurnitureFittings 2023-08-31 13550055 frs-core:InvestmentPropertyIncludedWithinPPE 2024-08-31 13550055 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-01 2024-08-31 13550055 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 13550055 frs-core:ShareCapital 2024-08-31 13550055 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13550055 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13550055 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13550055 frs-bus:SmallEntities 2023-09-01 2024-08-31 13550055 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13550055 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13550055 frs-bus:Director1 2023-09-01 2024-08-31 13550055 frs-bus:Director2 2023-09-01 2024-08-31 13550055 frs-bus:Director3 2023-09-01 2024-08-31 13550055 frs-bus:Director4 2023-09-01 2024-08-31 13550055 frs-countries:EnglandWales 2023-09-01 2024-08-31 13550055 2022-08-31 13550055 2023-08-31 13550055 2022-09-01 2023-08-31 13550055 frs-core:CurrentFinancialInstruments 2023-08-31 13550055 frs-core:ShareCapital 2023-08-31 13550055 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 13550055
Flux Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13550055
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,739 189,629
1,739 189,629
CURRENT ASSETS
Cash at bank and in hand 237,605 86,008
237,605 86,008
Creditors: Amounts Falling Due Within One Year 5 (198,864 ) (250,919 )
NET CURRENT ASSETS (LIABILITIES) 38,741 (164,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,480 24,718
NET ASSETS 40,480 24,718
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 40,479 24,717
SHAREHOLDERS' FUNDS 40,480 24,718
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Stubbs
Director
23/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Flux Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13550055 . The registered office is 184 Henleaze Road, Henleaze, Bristol, BS9 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Income from property development
Turnover from property development is measured at the fair value of the consideration received or receivable and represents amounts receivable for the sale of properties, net of discounts, VAT and other sales related taxes.
Letting of rental property
Turnover from rental property comprises of income earned from letting property. Rents and service charges from lettings are recognised net of losses from voids. Income is recognised from the date the property is first let.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 2
Page 3
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The average number of employees, including directors, during the year was 4 (2023: 4)
4 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 187,309 2,900 190,209
Disposals (187,309 ) - (187,309 )
As at 31 August 2024 - 2,900 2,900
Depreciation
As at 1 September 2023 - 580 580
Provided during the period - 581 581
As at 31 August 2024 - 1,161 1,161
Net Book Value
As at 31 August 2024 - 1,739 1,739
As at 1 September 2023 187,309 2,320 189,629
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,772 6,872
Directors' loan accounts 194,092 244,047
198,864 250,919
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3