Company Registration No. 07379317 (England and Wales)
Falconet Property Development Limited
Unaudited accounts
for the year ended 31 October 2024
Falconet Property Development Limited
Unaudited accounts
Contents
Falconet Property Development Limited
Company Information
for the year ended 31 October 2024
Director
Veronika Baranova
Company Number
07379317 (England and Wales)
Registered Office
Building 6
30 Friern Park
London
N12 9DA
Falconet Property Development Limited
Statement of financial position
as at 31 October 2024
Tangible assets
3,390
5,705
Cash at bank and in hand
17,105
3,819
Creditors: amounts falling due within one year
(76,178)
(160,768)
Net current assets
19,889
34,508
Total assets less current liabilities
23,279
40,213
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
21,432
37,987
Shareholders' funds
22,432
38,987
For the year ending 31 October 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
Veronika Baranova
Director
Company Registration No. 07379317
Falconet Property Development Limited
Notes to the Accounts
for the year ended 31 October 2024
Falconet Property Development Limited is a private company, limited by shares, registered in England and Wales, registration number 07379317. The registered office is Building 6, 30 Friern Park, London, N12 9DA.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on delivery of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
Fixtures & fittings
25% Straight line
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
16,950
2,587
19,537
At 31 October 2024
16,950
2,587
19,537
At 1 November 2023
11,370
2,462
13,832
Charge for the year
2,190
125
2,315
At 31 October 2024
13,560
2,587
16,147
At 31 October 2024
3,390
-
3,390
At 31 October 2023
5,580
125
5,705
Falconet Property Development Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
1,121
118,808
Other debtors
28,954
28,954
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
35,135
83,547
Taxes and social security
-
10,454
Other creditors
5,756
4,598
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Transactions with related parties
At 31 October 2024 the company was owed £28,954 (2023 £28,874) by Bluejay Homes Limited, a company in which the director, Veronika Baranova, is also a director.
During the year £2,313,988 was receivable from BlueJay Homes Limited in respect of building work carried out by the company.
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Average number of employees
During the year the average number of employees was 4 (2023: 4).