REGISTERED NUMBER: 03965539

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FLAMINGO PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Lee

Mrs L Lee

REGISTERED OFFICE:

East Beach Street

Hastings

East Sussex

TN34 3AR

REGISTERED NUMBER:

03965539

ACCOUNTANTS:

Galloways Accounting (Bexhill) Limited

23 St Leonards Road

Bexhill On Sea

East Sussex

TN40 1HH

FIXED ASSETS

Tangible assets

4

1,267,954

1,314,289

Investments

5

472,006

472,006

1,739,960

1,786,295

CURRENT ASSETS

Stocks

6

520

480

Debtors

7

394,330

413,014

Cash at bank

101,553

517,196

496,403

930,690

CREDITORS

Amounts falling due within one year

8

(352,523

)

(561,018

)

NET CURRENT ASSETS

143,880

369,672

TOTAL ASSETS LESS CURRENT LIABILITIES

1,883,840

2,155,967

CREDITORS

Amounts falling due after more than one year

9

(534,129

)

(765,024

)

PROVISIONS FOR LIABILITIES

(166,408

)

(178,902

)

NET ASSETS

1,183,303

1,212,041

CAPITAL AND RESERVES

Called up share capital

11

6

6

Retained earnings

12

1,183,297

1,212,035

SHAREHOLDERS' FUNDS

1,183,303

1,212,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 27 November 2025 and were signed on its behalf by:

M G Lee - Director

1.	STATUTORY INFORMATION

Flamingo Park Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2023

137,299

2,553,676

21,074

17,950

2,729,999

Additions

8,500

-

-

-

8,500

Disposals

-

(5,000

)

-

-

(5,000

)

At 30 November 2024

145,799

2,548,676

21,074

17,950

2,733,499

DEPRECIATION

At 1 December 2023

117,589

1,268,483

15,858

13,780

1,415,710

Charge for year

6,451

46,020

1,303

1,043

54,817

Eliminated on disposal

-

(4,982

)

-

-

(4,982

)

At 30 November 2024

124,040

1,309,521

17,161

14,823

1,465,545

NET BOOK VALUE

At 30 November 2024

21,759

1,239,155

3,913

3,127

1,267,954

At 30 November 2023

19,710

1,285,193

5,216

4,170

1,314,289

5.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

6

6

Other loans

472,000

472,000

472,006

472,006

Additional information is as follows:

Shares in

group

undertakin

£

COST

At 1 December 2023

and 30 November 2024

6

NET BOOK VALUE

At 30 November 2024

6

At 30 November 2023

6

Other

loans

£

At 1 December 2023

and 30 November 2024

472,000

6.

STOCKS

2024

2023

£

£

Stocks

520

480

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,477

3,150

Other debtors

388,582

384,902

Prepayments

4,271

24,962

394,330

413,014

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

24,000

24,000

Hire purchase contracts

203,670

203,670

Trade creditors

19,529

16,433

Social security and other taxes

746

1,138

VAT

71,755

22,562

Other creditors

2,700

2,355

Directors' current accounts

2,315

261,272

Accruals and deferred income

27,808

29,588

352,523

561,018

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

32,000

56,000

Hire purchase contracts

502,129

709,024

534,129

765,024

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

24,000

24,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

32,000

56,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary 'A'

£1

1

1

2

Ordinary 'C' & 'D'

£1

1

1

4

4

12.

RESERVES

Retained

earnings

£

At 1 December 2023

1,212,035

Profit for the year

56,262

Dividends

(85,000

)

At 30 November 2024

1,183,297