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REGISTERED NUMBER: 01652381 (England and Wales)















FLAKEVALE LIMITED

Unaudited Financial Statements

for the Year Ended 30 November 2024






FLAKEVALE LIMITED (REGISTERED NUMBER: 01652381)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLAKEVALE LIMITED

Company Information
for the year ended 30 November 2024







Directors: T Abrahmsohn
L V Abrahmsohm





Secretary: L V Abrahmsohm





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 01652381 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

FLAKEVALE LIMITED (REGISTERED NUMBER: 01652381)

Balance Sheet
30 November 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 - -
Investments 5 40,000 40,000
Investment property 6 3,195,000 3,195,000
3,235,000 3,235,000

Current assets
Debtors 7 29,888 20,323
Cash at bank 183,928 137,673
213,816 157,996
Creditors
Amounts falling due within one year 8 (47,811 ) (44,897 )
Net current assets 166,005 113,099
Total assets less current liabilities 3,401,005 3,348,099

Provisions for liabilities 9 (627,511 ) (627,511 )
Net assets 2,773,494 2,720,588

Capital and reserves
Called up share capital 10 45,197 45,197
Fair value reserve 11 2,444,477 2,444,477
Retained earnings 11 283,820 230,914
Shareholders' funds 2,773,494 2,720,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 11 August 2025 and were signed on its behalf by:



T Abrahmsohn - Director


FLAKEVALE LIMITED (REGISTERED NUMBER: 01652381)

Notes to the Financial Statements
for the year ended 30 November 2024


1. Statutory information

Flakevale 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 represents rent receivable during the year.

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 - 20% on cost

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

Fixed Asset Investments
Fixed asset investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue to operate for the foreseeable future.

FLAKEVALE LIMITED (REGISTERED NUMBER: 01652381)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 December 2023
and 30 November 2024 22,734
Depreciation
At 1 December 2023
and 30 November 2024 22,734
Net book value
At 30 November 2024 -
At 30 November 2023 -

5. Fixed asset investments
Other
investments
£
Cost
At 1 December 2023
and 30 November 2024 40,000
Net book value
At 30 November 2024 40,000
At 30 November 2023 40,000

6. Investment property
Total
£
Fair value
At 1 December 2023
and 30 November 2024 3,195,000
Net book value
At 30 November 2024 3,195,000
At 30 November 2023 3,195,000

Investment property was valued on an open market basis as at 8th March 2023 by Adelaide Jones. The directors believe this amount to be not materially different than the market value as at the year end.

On a historical cost basis these would have been included at an original cost of £123,011 (2023 - £123,011).

7. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 29,888 20,323

FLAKEVALE LIMITED (REGISTERED NUMBER: 01652381)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


8. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 17,714 14,546
Other creditors 30,097 30,351
47,811 44,897

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 627,511 627,511

Deferred tax
£
Balance at 1 December 2023 627,511
Balance at 30 November 2024 627,511

10. Called up share capital

Allotted, issued and fully paid
Number: Class: Nominal 2024 2023
value: £    £   
37 'A' Ordinary shares GBP£1.00 37 37
38 'B' Ordinary shares GBP£1.00 38 38
3,700,000 'C' Ordinary shares USD$0.01 22,561 22,561
3,800,000 'D' Ordinary shares USD$0.01 22,561 22,561
45,197 45,197

11. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 December 2023 230,914 2,444,477 2,675,391
Profit for the year 52,906 - 52,906
At 30 November 2024 283,820 2,444,477 2,728,297

During the preparation of the current year's financial statements, we identified the allocation of distributable and non-distributable reserves was incorrectly presented in the balance sheet as at 30 November 2023.This has been corrected by restating the comparative figures. The correction has no impact on the total equity reported in the prior year, nor does it impact the profit or loss for that year.