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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
Page
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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
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Falconet Property Development Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,390 
5,705 
Current assets
Debtors
78,962 
191,457 
Cash at bank and in hand
17,105 
3,819 
96,067 
195,276 
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
Deferred tax
(847)
(1,226)
Net assets
22,432 
38,987 
Capital and reserves
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
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Falconet Property Development Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
4
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 
Depreciation
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 
Net book value
At 31 October 2024
3,390 
- 
3,390 
At 31 October 2023
5,580 
125 
5,705 
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Falconet Property Development Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
48,887 
43,695 
Trade debtors
1,121 
118,808 
Other debtors
28,954 
28,954 
78,962 
191,457 
6
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 
Accruals
3,250 
62,169 
Deferred income
32,037 
- 
76,178 
160,768 
7
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.
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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