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COMPANY REGISTRATION NUMBER: 10661863

Flynn Parks Limited

Filleted Unaudited Financial Statements

31 January 2025

Flynn Parks Limited

Financial Statements

Year ended 31 January 2025

Contents | Page

Officers and professional advisers | 1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

Flynn Parks Limited

Officers and Professional Advisers

The board of directors | Mr P Flynn
| Mrs E Gammell

Registered office | Suite 2, Riverside Office
| 2 Mannin Way
| Lancaster Business Park
| Caton Road
| Lancaster
| LA1 3SU

Accountants | Riverside Accountancy Lancaster Limited
| Chartered accountants
| Suite 2, 2 Mannin Way
| Lancaster Business Park
| Caton Road
| Lancaster
| LA1 3SU

Flynn Parks Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Flynn Parks Limited

Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flynn Parks Limited for the year ended 31 January 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Flynn Parks Limited, as a body, in accordance with the terms of our engagement letter dated 3 November 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Flynn Parks Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flynn Parks Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Flynn Parks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flynn Parks Limited. You consider that Flynn Parks Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Flynn Parks 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.
Riverside Accountancy Lancaster Limited Chartered accountants
Suite 2, 2 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SU
24 October 2025

Flynn Parks Limited

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 3,013,257 | 2,010,618

Current assets

Stocks | 180,268 | 135,383
Debtors | 6 | 120,329 | 67,599
Cash at bank and in hand | 25,839 | 10,785
| --------- | ---------
| 326,436 | 213,767

Creditors: amounts falling due within one year | 7 | 1,425,886 | 1,214,029
| ------------ | ------------
Net current liabilities | 1,099,450 | 1,000,262
| ------------ | ------------
Total assets less current liabilities | 1,913,807 | 1,010,356

Creditors: amounts falling due after more than one year | 8 | 1,232,057 | 490,377

Provisions | 5,898 | 6,463
| ------------ | ------------
Net assets | 675,852 | 513,516
| ------------ | ------------

Capital and reserves

Called up share capital | 9 | 100 | 100
Profit and loss account | 675,752 | 513,416
| --------- | ---------
Shareholders funds | 675,852 | 513,516
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Flynn Parks Limited

Statement of Financial Position (continued)

31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 24 October 2025 , and are signed on behalf of the board by:

Mr P Flynn
Director

Company registration number: 10661863

Flynn Parks Limited

Notes to the Financial Statements

Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 2, Riverside Office, 2 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £.
Going concern
The director's belief that the going concern policy is appropriate due to there being a net liability position. This has mainly arisen due to the directors loan account balance of £986,780. The directors will not be seeking repayment until funds are available.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 33% straight line
| Fixtures and fittings | - | 33% straight line
| Motor vehicles | - | 25% reducing balance
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets

| Freehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Feb 2024 | 1,982,639 | 2,017 | 34,625 | 31,500 | – | 2,050,781
Additions | 1,007,031 | 1,182 | 1,833 | – | 2,191 | 1,012,237
| ------------ | ------- | -------- | -------- | ------- | ------------
At 31 Jan 2025 | 2,989,670 | 3,199 | 36,458 | 31,500 | 2,191 | 3,063,018
| ------------ | ------- | -------- | -------- | ------- | ------------
Depreciation |  |  |  |  |  |
At 1 Feb 2024 | – | 2,017 | 24,365 | 13,781 | – | 40,163
Charge for the year | – | 53 | 4,976 | 4,430 | 139 | 9,598
| ------------ | ------- | -------- | -------- | ------- | ------------
At 31 Jan 2025 | – | 2,070 | 29,341 | 18,211 | 139 | 49,761
| ------------ | ------- | -------- | -------- | ------- | ------------
Carrying amount |  |  |  |  |  |
At 31 Jan 2025 | 2,989,670 | 1,129 | 7,117 | 13,289 | 2,052 | 3,013,257
| ------------ | ------- | -------- | -------- | ------- | ------------
At 31 Jan 2024 | 1,982,639 | – | 10,260 | 17,719 | – | 2,010,618
| ------------ | ------- | -------- | -------- | ------- | ------------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 114,852 | 62,603
Other debtors | 5,477 | 4,996
| --------- | --------
| 120,329 | 67,599
| --------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 129,170 | 63,622
Trade creditors | 122,028 | 80,428
Social security and other taxes | 55,188 | 54,111
Other creditors | 1,119,500 | 1,015,868
| ------------ | ------------
| 1,425,886 | 1,214,029
| ------------ | ------------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 1,232,057 | 490,377
| ------------ | ---------

9. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

10. Controlling party
The company is controlled by the directors.