Silverfin false false 29/09/2024 30/09/2023 29/09/2024 P H L Baker 02/03/2025 25/07/2002 B J Cluley 27/02/2023 R T Gray 29/10/1998 S Lee 27/02/2023 A J Nagle 20/04/2000 Sir N I Simms 01/12/1999 Suntera Private Wealth (Guernsey) Limited 14/11/2022 09 July 2025 The principal activity of the company is the management of the residential property at Flaghead. 03612090 2024-09-29 03612090 bus:Director1 2024-09-29 03612090 bus:Director2 2024-09-29 03612090 bus:Director3 2024-09-29 03612090 bus:Director4 2024-09-29 03612090 bus:Director5 2024-09-29 03612090 bus:Director6 2024-09-29 03612090 bus:Director7 2024-09-29 03612090 2023-09-29 03612090 core:CurrentFinancialInstruments 2024-09-29 03612090 core:CurrentFinancialInstruments 2023-09-29 03612090 core:ShareCapital 2024-09-29 03612090 core:ShareCapital 2023-09-29 03612090 core:OtherCapitalReserve 2024-09-29 03612090 core:OtherCapitalReserve 2023-09-29 03612090 core:RetainedEarningsAccumulatedLosses 2024-09-29 03612090 core:RetainedEarningsAccumulatedLosses 2023-09-29 03612090 core:LandBuildings 2023-09-29 03612090 core:LandBuildings 2024-09-29 03612090 2023-09-30 2024-09-29 03612090 bus:FilletedAccounts 2023-09-30 2024-09-29 03612090 bus:SmallEntities 2023-09-30 2024-09-29 03612090 bus:AuditExemptWithAccountantsReport 2023-09-30 2024-09-29 03612090 bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 03612090 bus:Director1 2023-09-30 2024-09-29 03612090 bus:Director2 2023-09-30 2024-09-29 03612090 bus:Director3 2023-09-30 2024-09-29 03612090 bus:Director4 2023-09-30 2024-09-29 03612090 bus:Director5 2023-09-30 2024-09-29 03612090 bus:Director6 2023-09-30 2024-09-29 03612090 bus:Director7 2023-09-30 2024-09-29 03612090 2022-09-30 2023-09-29 iso4217:GBP xbrli:pure

Company No: 03612090 (England and Wales)

FLAGHEAD MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 29 September 2024
Pages for filing with the registrar

FLAGHEAD MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 29 September 2024

Contents

FLAGHEAD MANAGEMENT LIMITED

BALANCE SHEET

As at 29 September 2024
FLAGHEAD MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 29 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 18,779 18,779
18,779 18,779
Current assets
Debtors 4 6,184 6,736
Cash at bank and in hand 22,387 6,974
28,571 13,710
Creditors: amounts falling due within one year 5 ( 27,724) ( 7,008)
Net current assets 847 6,702
Total assets less current liabilities 19,626 25,481
Net assets 19,626 25,481
Capital and reserves
Called-up share capital 7 7
Other reserves 6 23,628 25,388
Profit and loss account ( 4,009 ) 86
Total shareholders' funds 19,626 25,481

For the financial year ending 29 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Flaghead Management Limited (registered number: 03612090) were approved and authorised for issue by the Board of Directors on 09 July 2025. They were signed on its behalf by:

Sir N I Simms
Director
FLAGHEAD MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 September 2024
FLAGHEAD MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Flaghead Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 Poole Hill, Bournemouth, Dorset, BH2 5PS, United Kingdom. The principal place of business is 22 Cliff Drive, Canford Cliffs, Poole, Dorset, BH13 7JD.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the maintenance contributions receivable from the residential lessees.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 9

3. Tangible assets

Land and buildings Total
£ £
Cost
At 30 September 2023 18,779 18,779
At 29 September 2024 18,779 18,779
Accumulated depreciation
At 30 September 2023 0 0
At 29 September 2024 0 0
Net book value
At 29 September 2024 18,779 18,779
At 29 September 2023 18,779 18,779

4. Debtors

2024 2023
£ £
Trade debtors 3,500 0
Prepayments 1,288 5,340
Other debtors 1,396 1,396
6,184 6,736

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 24,500 0
Accruals 3,224 7,008
27,724 7,008

6. Other reserves

2024 2023
£ £
Freehold interest fund-contributions received from lessees-purchase of freehold 18,779 18,779
Other reserves 4,849 6,609
23,628 25,388