FLOREAT HOLDING LIMITED

Company Registration Number:
08825511 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

FLOREAT HOLDING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

FLOREAT HOLDING LIMITED

Balance sheet

As at 31 December 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 0 642
Investments: 4 951,009 951,009
Total fixed assets: 951,009 951,651
Current assets
Debtors:   34,880,486 24,863,711
Cash at bank and in hand: 243 148,847
Total current assets: 34,880,729 25,012,558
Creditors: amounts falling due within one year:   (39,589,141) (28,541,463)
Net current assets (liabilities): (4,708,412) (3,528,905)
Total assets less current liabilities: (3,757,403) (2,577,254)
Total net assets (liabilities): (3,757,403) (2,577,254)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (3,758,403) (2,578,254)
Shareholders funds: (3,757,403) (2,577,254)

The notes form part of these financial statements

FLOREAT HOLDING LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: M Otaibi
Status: Director

The notes form part of these financial statements

FLOREAT HOLDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Intangible fixed assets and amortisation policy

Goodwill Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill 20 per cent straight line Domain Name 20 per cent straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Other accounting policies

Investments in associates Investments in associates accounted for in accordance with the cost model are recorded at cost. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

FLOREAT HOLDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

FLOREAT HOLDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 2,448,194
At 31 December 2023 2,448,194
Amortisation
At 01 January 2023 2,447,552
Charge for year 642
At 31 December 2023 2,448,194
Net book value
At 31 December 2023 0
At 31 December 2022 642

FLOREAT HOLDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Shares in group undertakings Carrying amount at 01 January 2023 and 31 December 2023 951,009

FLOREAT HOLDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party:
Relationship:
Subsidiary
Description of the Transaction: At the balance sheet date, debtors include an amount of £2,030,225 due from a subsidiary undertaking, the recovery of which has been called into question. However, the directors are unable to quantify how much of the balance is likely to be recovered and therefore feel that no impairment should be made at this time
£
Balance at 01 January 2023 2,030,225
Balance at 31 December 2023 2,030,225