Flairhurst Investments Limited


FINANCIAL STATEMENTS


for the year ended 31st December 2024



Flairhurst Investments Limited

CONTENTS

for the year ended 31st December 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Flairhurst Investments Limited

Company No. 00796655

STATEMENT OF FINANCIAL POSITION

as at 31st December 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4726474726809
Financial assets41974197
730671731006
CURRENT ASSETS
Debtors54643242182
Cash at bank and in hand319319
4675142501
CURRENT LIABILITIES
Creditors: amounts falling due
within one year61774312755
NET CURRENT ASSETS2900829746
TOTAL ASSETS LESS CURRENT LIABILITIES759679760752
 
Creditors: amounts falling due
after more than one year73600038000
 
NET ASSETS723679722752
 
CAPITAL AND RESERVES
Called up share capital6060
Revaluation reserve701381701381
Retained earnings2223821311
SHAREHOLDERS FUNDS723679722752

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st December 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

Approved by the Board on 30 September 2025


Mrs VF Harris

Director

Company Number 00796655 (England)

Flairhurst Investments Limited

NOTES TO THE ACCOUNTS

for the year ended 31st December 2024


1   Statutory information

Flairhurst Investments Limited is a private company limited by shares and registered under company number 00796655 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 2).

4   Property, plant and equipment
 
PlantFixtures
Land andandand
BuildingsMachineryFittingsTotal
££££
Cost
At 1st January 2024 and
At 31st December 202472500074751000733475
 
Depreciation
At 1st January 2024 -57119556666
Charge for year-335-335
At 31st December 2024-60469557001
 
Net Book Value
At 31st December 2024725000142945726474
At 31st December 2023725000176445726809

If the freehold land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

Freehold and Long leasehold land and buildings:20242023
££
 
Historical cost2361923619
Cumulative depreciation based on historical cost--
Net Book Value2361923619

The freehold land and buildings were revalued to £701381 by the directos on 31st December 2024, on an open market basis. The directors are not aware of any material change in value since the date of the valuation.


5   Debtors20242023
££
 
Other debtors4643242182
4643242182

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts1579810528
Corporation tax296201
Other creditors8611238
Accruals and deferred income788788
1774312755

7   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts3600038000
3600038000

8   Loans20242023
££
Analysis of maturity of debt:
 
Within one year28443544
Between one and five years3600038000
3884441544

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
Mrs VF Harris3186
3186

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