REGISTERED NUMBER: 12249476 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Flare Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S S Krishan

G J A White

REGISTERED OFFICE:

7 Bell Yard

London

WC2A 2JR

REGISTERED NUMBER:

12249476 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,623

9,346

6,623

9,346

CURRENT ASSETS

Debtors

6

46,808

52,266

Cash at bank

73,194

40,795

120,002

93,061

CREDITORS

Amounts falling due within one year

7

215,579

246,970

NET CURRENT LIABILITIES

(95,577

)

(153,909

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(88,954

)

(144,563

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(89,054

)

(144,663

)

(88,954

)

(144,563

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 September 2025 and were signed on its behalf by:

S S Krishan - Director

1.	STATUTORY INFORMATION

Flare Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12249476

Registered office:

7 Bell Yard

London

WC2A 2JR

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is comprised of management fees and other fees related to the setup of rental properties.

Intangible assets

Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Office equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

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

Based on the director's review of the company's expected performance and projected cash flows, the director has concluded that these financial statements should be prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

60,972

AMORTISATION

At 1 January 2024

and 31 December 2024

60,972

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

4,746

68,406

73,152

Additions

71

2,610

2,681

At 31 December 2024

4,817

71,016

75,833

DEPRECIATION

At 1 January 2024

3,681

60,125

63,806

Charge for year

357

5,047

5,404

At 31 December 2024

4,038

65,172

69,210

NET BOOK VALUE

At 31 December 2024

779

5,844

6,623

At 31 December 2023

1,065

8,281

9,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,877

549

Amounts owed by participating interests

398

910

Other debtors

37,573

30,530

Directors' current accounts

-

338

Prepayments and accrued income

5,960

19,939

46,808

52,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,527

11,191

Amounts owed to participating interests

53,439

146,410

Tax

18,319

-

Social security and other taxes

8,750

8,686

VAT

17,313

18,330

Other creditors

4,020

14,976

Directors' current accounts

438

-

Accruals and deferred income

106,773

47,377

215,579

246,970