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REGISTERED NUMBER: 02281776 (England and Wales)















F. & L. Group Limited

Unaudited Financial Statements For The Year Ended 31 December 2024






F. & L. Group Limited (Registered number: 02281776)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


F. & L. Group Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: Mrs C A Brady
Mr F R Langley
Ms H E Langley
Mrs H U Langley
Mr J F Langley
Miss K V Roberts Langley





REGISTERED OFFICE: Building 15, Gateway 1000
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP





REGISTERED NUMBER: 02281776 (England and Wales)

F. & L. Group Limited (Registered number: 02281776)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 81,940 89,368
Investment property 5 5,214,338 5,338,180
5,296,278 5,427,548

CURRENT ASSETS
Inventories 24,081 6,581
Debtors 6 31,126 59,335
Cash at bank and in hand 759,651 603,941
814,858 669,857
CREDITORS
Amounts falling due within one year 7 (140,452 ) (158,618 )
NET CURRENT ASSETS 674,406 511,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,970,684

5,938,787

CREDITORS
Amounts falling due after more than one
year

8

(531,262

)

(658,947

)

PROVISIONS FOR LIABILITIES (182,296 ) (196,701 )
NET ASSETS 5,257,126 5,083,139

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 1,084,989 1,095,399
Retained earnings 4,162,137 3,977,740
SHAREHOLDERS' FUNDS 5,257,126 5,083,139

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

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

F. & L. Group Limited (Registered number: 02281776)

Statement of Financial Position - continued
31 December 2024


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 21 July 2025 and were signed on its behalf by:





Mr F R Langley - Director


F. & L. Group Limited (Registered number: 02281776)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

F. & L. Group 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.

Turnover
Turnover is in respect of rental income on properties held for investment purposes and sales proceeds on properties held for development purposes.

Rental income is recognised on a receivables basis and income on development property sales is recognised on the exchange of contracts for sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company of the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

F. & L. Group Limited (Registered number: 02281776)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 125,000 12,958 24,649 162,607
DEPRECIATION
At 1 January 2024 50,000 9,043 14,196 73,239
Charge for year - 1,264 6,164 7,428
At 31 December 2024 50,000 10,307 20,360 80,667
NET BOOK VALUE
At 31 December 2024 75,000 2,651 4,289 81,940
At 31 December 2023 75,000 3,915 10,453 89,368

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 5,338,180
Additions 26,158
Disposals (150,000 )
At 31 December 2024 5,214,338
NET BOOK VALUE
At 31 December 2024 5,214,338
At 31 December 2023 5,338,180

Investment properties are included at directors' valuation. The directors consider the value of the properties to be £5,214,338 at 31 December 2024 on the basis of the market value. The current value of the above property under the historical cost basis would be £4,129,349
The director has an in-depth and extensive knowledge of the local property market, and as a result is suitably qualified to offer a valuation of all investment properties held at the year-end.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,847 16,998
Other debtors 20,279 42,337
31,126 59,335

F. & L. Group Limited (Registered number: 02281776)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 5,709 4,127
Taxation and social security 96,528 84,969
Other creditors 38,215 59,522
140,452 158,618

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 15,000
Other creditors 531,262 643,947
531,262 658,947

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024 1,095,399
Revaluation reserve (10,410 )

At 31 December 2024 1,084,989

10. RELATED PARTY DISCLOSURES

As at the year end the company owed the directors £531,262 (2023 - £643,946)