ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

As restated

Registered number: 13719238

FLOWER LANE PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

FLOWER LANE PROPERTIES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FLOWER LANE PROPERTIES LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flower Lane Properties Limited for the year ended 31 December 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.

This report is made solely to the Board of Directors of Flower Lane Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Flower Lane Properties Limited and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flower Lane Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flower Lane Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Flower Lane Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Flower Lane Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Price Bailey LLP

Chartered Accountants

Causeway House

1 Dane Street

Bishop's Stortford

Hertfordshire

CM23 3BT

24 September 2025

Page 1

FLOWER LANE PROPERTIES LIMITED

REGISTERED NUMBER: 13719238

BALANCE SHEET

AS AT 31 DECEMBER 2024

		As restated
	2024	2023
Note	£	£


Current assets
Stocks		6,859,659		4,475,824
Debtors: amounts falling due within one year	4	19,802		153,909
Cash at bank and in hand	5	12,180		90,744
		6,891,641		4,720,477
Creditors: amounts falling due within one year	6	(3,384,139)		(3,079,615)
Net current assets			3,507,502		1,640,862
Creditors: amounts falling due after more than one year	7		(3,515,932)		(1,646,956)
Net liabilities			(8,430)		(6,094)

Capital and reserves
Called up share capital	9	1	1
Profit and loss account		(8,431)	(6,095)
		(8,430)	(6,094)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D Morrison

Director

Date: 10 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

FLOWER LANE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Company is a private company limited by shares incorporated in England and Wales. The address of its Registered Office is The Old Grain Store, Bromley Lane, Much Hadham, Hertfordshire, SG10 6HU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

FLOWER LANE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	19,690	148,861
Other debtors	112	5,048
	19,802	153,909

5.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	12,180	90,744

Trade creditors	176	961
Amounts owed to group undertakings	3,314,039	3,033,629
Accruals and deferred income	69,924	45,025
	3,384,139	3,079,615

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Other loans	3,515,932	1,646,956

Other loans are secured by a debenture over the assets of the company and a guarantee provided by the parent company.

Page 4

FLOWER LANE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


Amounts falling due 1-2 years
Other loans	3,515,932	1,646,956

9.	Share capital
		2024	2023
		£	£

Allotted, called up and partly paid

1 (2023 - 1) Ordinary share of £1	1	1

10.	Controlling party

The immediate and ultimate parent Company is Chaldean Properties Limited, a Company incorporated in England and Wales. The registered address of Chaldean Properties Limited is The Old Grain Store, Bromley Lane, Much Hadham, Hertfordshire, SG10 6HU.

11.	Prior period adjustment

A prior year adjustment has been made posted to remove the duplication of interest charged in the prior year. Interest costs are capitalised into stock, so there was no impact on profit or loss arising from this adjustment.

Page 5