IRIS Accounts Production v25.4.0.155 04818639 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04818639 2024-03-31 04818639 2025-03-31 04818639 2024-04-01 2025-03-31 04818639 2023-03-31 04818639 2023-04-01 2024-03-31 04818639 2024-03-31 04818639 ns15:EnglandWales 2024-04-01 2025-03-31 04818639 ns14:PoundSterling 2024-04-01 2025-03-31 04818639 ns10:Director1 2024-04-01 2025-03-31 04818639 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04818639 ns10:SmallEntities 2024-04-01 2025-03-31 04818639 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04818639 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 04818639 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04818639 ns10:FullAccounts 2024-04-01 2025-03-31 04818639 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 04818639 ns10:Director2 2024-04-01 2025-03-31 04818639 ns10:Director3 2024-04-01 2025-03-31 04818639 ns10:RegisteredOffice 2024-04-01 2025-03-31 04818639 ns5:CurrentFinancialInstruments 2025-03-31 04818639 ns5:CurrentFinancialInstruments 2024-03-31 04818639 ns5:Non-currentFinancialInstruments 2025-03-31 04818639 ns5:Non-currentFinancialInstruments 2024-03-31 04818639 ns5:ShareCapital 2025-03-31 04818639 ns5:ShareCapital 2024-03-31 04818639 ns5:RevaluationReserve 2025-03-31 04818639 ns5:RevaluationReserve 2024-03-31 04818639 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04818639 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 04818639 ns5:FurnitureFittings 2024-04-01 2025-03-31 04818639 ns5:MotorVehicles 2024-04-01 2025-03-31 04818639 ns5:ComputerEquipment 2024-04-01 2025-03-31 04818639 ns5:FurnitureFittings 2024-03-31 04818639 ns5:MotorVehicles 2024-03-31 04818639 ns5:ComputerEquipment 2024-03-31 04818639 ns5:FurnitureFittings 2025-03-31 04818639 ns5:MotorVehicles 2025-03-31 04818639 ns5:ComputerEquipment 2025-03-31 04818639 ns5:FurnitureFittings 2024-03-31 04818639 ns5:MotorVehicles 2024-03-31 04818639 ns5:ComputerEquipment 2024-03-31 04818639 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 04818639 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 04818639 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 04818639 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 04818639 ns5:DeferredTaxation 2024-03-31 04818639 ns5:DeferredTaxation 2024-04-01 2025-03-31 04818639 ns5:DeferredTaxation 2025-03-31 04818639 ns10:OrdinaryShareClass1 2025-03-31 04818639 ns5:RevaluationReserve 2024-03-31

REGISTERED NUMBER: 04818639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

FLIMWELL PARK LTD.

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FLIMWELL PARK LTD. |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mr C M O'Callaghan

| Mr C A O'Callaghan

| Mrs S L Smits O'Callaghan

| REGISTERED OFFICE: | 1 Canterbury Mansions

| Lymington Road

| West Hampstead

| London

| NW6 1SE

| REGISTERED NUMBER: | 04818639 (England and Wales)

| ACCOUNTANTS: | Honey Barrett Limited

| Chartered Accountants

| Pharmacy Chambers

| High Street

| Wadhurst

| East Sussex

| TN5 6AP

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 74,941 |  | 54,070 |  |

Investment property | 6 | 5,702,823 |  | 5,570,000 |  |

5,777,764 |  | 5,624,070 |  |

CURRENT ASSETS

Debtors | 7 | 1,037,902 |  | 1,107,609 |  |

Cash at bank | 67,638 |  | 16,961 |  |

1,105,540 |  | 1,124,570 |  |

CREDITORS

Amounts falling due within one year | 8 | 7,279,236 |  | 7,075,288 |  |

NET CURRENT LIABILITIES | (6,173,696 | ) | (5,950,718 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (395,932 | ) | (326,648 | ) |

CREDITORS

Amounts falling due after more than one year | 9 | 1,900,000 |  | 1,900,000 |  |

NET LIABILITIES | (2,295,932 | ) | (2,226,648 | ) |

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

BALANCE SHEET - continued

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 12 | 2 |  | 2 |  |

Revaluation reserve | 13 | (1,923,841 | ) | (1,923,841 | ) |

Retained earnings | (372,093 | ) | (302,809 | ) |

SHAREHOLDERS' FUNDS | (2,295,932 | ) | (2,226,648 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr C M O'Callaghan - Director

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Flimwell Park Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| 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.

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Equipment | - | 25% on reducing balance

| All fixed assets are initially recorded at cost.

| Investment property

| Investment property is shown at the valuation at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

| If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

| Going concern

| The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The parent company has confirmed its intention to continue its support to the company for the foreseeable future.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 13,665 |  | 64,935 |  | 23,322 |  | 101,922 |  |

| Additions | 36,332 |  | - |  | 6,369 |  | 42,701 |  |

| At 31 March 2025 | 49,997 |  | 64,935 |  | 29,691 |  | 144,623 |  |

| DEPRECIATION

| At 1 April 2024 | 2,733 |  | 29,169 |  | 15,950 |  | 47,852 |  |

| Charge for year | 9,453 |  | 8,942 |  | 3,435 |  | 21,830 |  |

| At 31 March 2025 | 12,186 |  | 38,111 |  | 19,385 |  | 69,682 |  |

| NET BOOK VALUE

| At 31 March 2025 | 37,811 |  | 26,824 |  | 10,306 |  | 74,941 |  |

| At 31 March 2024 | 10,932 |  | 35,766 |  | 7,372 |  | 54,070 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 5,570,000 |  |

| Additions | 132,823 |  |

| At 31 March 2025 | 5,702,823 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,702,823 |  |

| At 31 March 2024 | 5,570,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2023 | 7,600,000 |  |

| Valuation in 2024 | (2,030,000 | ) |

| Cost | 132,823 |  |

5,702,823 |  |

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 45,958 |  | 44,722 |  |

| Other debtors | 372,000 |  | 372,000 |  |

| Deferred tax asset | 615,760 |  | 690,887 |  |

| Prepayments and accrued income | 4,184 |  | - |  |

1,037,902 |  | 1,107,609 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 182,014 |  | 185,635 |  |

| Amounts owed to group undertakings | 6,627,011 |  | 6,467,011 |  |

| PAYE and social security | 1,219 |  | 1,371 |  |

| VAT | 8,906 |  | 3,454 |  |

| Other creditors | 450,558 |  | 411,038 |  |

| Directors' current accounts | 5,490 |  | 5,490 |  |

| Accruals and deferred income | 4,038 |  | 1,289 |  |

7,279,236 |  | 7,075,288 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 2-5 years | 1,900,000 |  | 1,900,000 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,900,000 |  | 1,900,000 |  |

| Bank loans are secured by charges on the investment properties held by the company.

| FLIMWELL PARK LTD. (REGISTERED NUMBER: 04818639) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | DEFERRED TAX

£ |

| Balance at 1 April 2024 | (690,887 | ) |

| Provided during year | 75,127 |  |

| Balance at 31 March 2025 | (615,760 | ) |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

13. | RESERVES

| Revaluatio

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | (1,923,841 | ) |

14. | RELATED PARTY DISCLOSURES

| A loan of £6,627,011 (2024: £6,467,011) is owed by the company to Regalmain Ltd, the parent company. This loan is repayable on demand with no associated interest charges.

15. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Regalmain Ltd, incorporated in England.