30 March 2024 false No description of principal activity Taxfiler 2024.6 01543533 business:PrivateLimitedCompanyLtd 2024-03-30 2025-03-29 01543533 2024-03-29 01543533 2024-03-30 2025-03-29 01543533 business:AuditExempt-NoAccountantsReport 2024-03-30 2025-03-29 01543533 business:FilletedAccounts 2024-03-30 2025-03-29 01543533 2025-03-29 01543533 business:Director1 2024-03-30 2025-03-29 01543533 business:Director2 2024-03-30 2025-03-29 01543533 business:Director3 2024-03-30 2025-03-29 01543533 business:Director4 2024-03-30 2025-03-29 01543533 business:RegisteredOffice 2024-03-30 2025-03-29 01543533 2024-03-29 01543533 core:WithinOneYear 2025-03-29 01543533 core:WithinOneYear 2024-03-29 01543533 core:ShareCapital core:PreviouslyStatedAmount 2025-03-29 01543533 core:ShareCapital core:PreviouslyStatedAmount 2024-03-29 01543533 core:RevaluationReserve core:PreviouslyStatedAmount 2025-03-29 01543533 core:RevaluationReserve core:PreviouslyStatedAmount 2024-03-29 01543533 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-29 01543533 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-29 01543533 core:PreviouslyStatedAmount 2025-03-29 01543533 core:PreviouslyStatedAmount 2024-03-29 01543533 business:SmallEntities 2024-03-30 2025-03-29 01543533 countries:EnglandWales 2024-03-30 2025-03-29 01543533 core:AdditionsToInvestments 2025-03-29 01543533 core:RevaluationsIncreaseDecreaseInInvestments 2025-03-29 01543533 core:DisposalsRepaymentsInvestments 2025-03-29 01543533 2023-03-30 2024-03-29 iso4217:GBP xbrli:pure
Company Registration No. 01543533 (England and Wales)
Flixton Property Company Limited Unaudited accounts for the year ended 29 March 2025
Flixton Property Company Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Flixton Property Company Limited Company Information for the year ended 29 March 2025
Directors
G J Darell The Honourable K M Astor C V Adeane J R C Arkwright
Company Number
01543533 (England and Wales)
Registered Office
115 Mount Street London W1K 3NQ
Accountants
THE UNCOMMON ACCOUNTANTS LTD Unit 2g, Redwither Tower Redwither Business Park Wrexham LL13 9XT
- 3 -
Flixton Property Company Limited Statement of financial position as at 29 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
860,000
805,000
Investments
5
147,636
158,581
1,007,636
963,581
Current assets
Debtors
6
1,705
8,228
Cash at bank and in hand
44,415
116,241
46,120
124,469
Creditors: amounts falling due within one year
7
(37,203)
(27,506)
Net current assets
8,917
96,963
Total assets less current liabilities
1,016,553
1,060,544
Provisions for liabilities
Deferred tax
(80,733)
-
Net assets
935,820
1,060,544
Capital and reserves
Called up share capital
5,000
5,000
Revaluation reserve
242,201
288,566
Profit and loss account
688,619
766,978
Shareholders' funds
935,820
1,060,544
For the year ending 29 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by
G J Darell Director Company Registration No. 01543533
- 4 -
Flixton Property Company Limited Notes to the Accounts for the year ended 29 March 2025
1
Statutory information
Flixton Property Company Limited is a private company, limited by shares, registered in England and Wales, registration number 01543533. The registered office is 115 Mount Street, London, W1K 3NQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. No depreciation is provided in respect of investment properties applying the fair value model. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value. Subsequently, they are measured at fair value through profit and loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Taxation
Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is directly in equity or other comprehensive income. Current tax is expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.
- 5 -
Flixton Property Company Limited Notes to the Accounts for the year ended 29 March 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 30 March 2024
805,000
Additions
57,336
Net loss from fair value adjustments
(2,336)
At 29 March 2025
860,000
An independent professional revaluation of all investment properties, taking into account the open market conditions, was carried out as at 29 March 2019. In respect of the tangible fixed assets stated at valuations, the comparable historical cost value was £687,722 (2023 £687,722).
5
Investments
Other investments
£
Valuation at 30 March 2024
158,581
Additions
69,702
Fair value adjustments
(12,567)
Disposals
(68,080)
Valuation at 29 March 2025
147,636
In respect of the listed investments stated at market value, the comparable historical costs are £145,091 (2023 £144,478).
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,542
8,073
Amounts due from group undertakings etc.
34
34
Accrued income and prepayments
129
121
1,705
8,228
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,596
(1,839)
Taxes and social security
4,675
1,670
Other creditors
26,905
26,167
Accruals
2,027
1,508
37,203
27,506
- 6 -
Flixton Property Company Limited Notes to the Accounts for the year ended 29 March 2025
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 7 -