REGISTERED NUMBER: 09286054

Unaudited Financial Statements for the Year Ended 31 October 2024

for

FLAMINGO HOUSING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P S Bains

Mr N K Bains

Mr N Weyman

Mr B K Weyman

REGISTERED OFFICE:

9 Dorset Drive

Edgware

Middlesex

HA8 7NT

REGISTERED NUMBER:

09286054

FIXED ASSETS

Tangible assets

4

3,622

5,424

Investment property

5

450,000

464,000

453,622

469,424

CURRENT ASSETS

Cash at bank

4,580

2,985

CREDITORS

Amounts falling due within one year

6

331,714

300,315

NET CURRENT LIABILITIES

(327,134

)

(297,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,488

172,094

CREDITORS

Amounts falling due after more than one year

7

(13,898

)

(30,182

)

PROVISIONS FOR LIABILITIES

8

(25,383

)

(29,073

)

NET ASSETS

87,207

112,839

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

87,203

112,835

SHAREHOLDERS' FUNDS

87,207

112,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 18 June 2025 and were signed on its behalf by:

Mr P S Bains - Director

1.	STATUTORY INFORMATION

Flamingo Housing 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.

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 rent receivable from the letting of owned real estate.

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 reducing balance

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2023

20,211

Additions

894

Disposals

(13,432

)

At 31 October 2024

7,673

DEPRECIATION

At 1 November 2023

14,787

Charge for year

2,696

Eliminated on disposal

(13,432

)

At 31 October 2024

4,051

NET BOOK VALUE

At 31 October 2024

3,622

At 31 October 2023

5,424

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2023

464,000

Revaluations

(14,000

)

At 31 October 2024

450,000

NET BOOK VALUE

At 31 October 2024

450,000

At 31 October 2023

464,000

Investment property was valued on an open market basis on 31 October 2024 by Sodhi & Co.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

8,861

20,278

Trade creditors

228

60

Corporation tax

-

1,986

Other creditors

3,370

4,979

Directors' current account

319,255

272,292

Accruals and deferred income

-

720

331,714

300,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

13,898

30,182

The bank loans are secured by legal charges over the assets of the company.

8.	PROVISIONS FOR LIABILITIES

31.10.24

31.10.23

£

£

Deferred tax

25,383

29,073

Deferred tax

£

Balance at 1 November 2023

29,073

Provided during year

(3,690

)

Balance at 31 October 2024

25,383

9.	RELATED PARTY DISCLOSURES

The balance shown as directors' current account under creditors of £319,255 (2023: £272,292) is owed by the company to the directors. The debt has no fixed date for repayment, is repayable on demand and is non-interest bearing.