Flintshire Properties Limited - Filleted accounts

Flintshire Properties Limited
Registered number:		04442141
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		863,410			863,928

Current assets
Debtors	4	279			266
Cash at bank and in hand		8,821			16,723
		9,100			16,989

Creditors: amounts falling due within one year	5	(61,486)			(82,848)

Net current liabilities			(52,386)			(65,859)

Total assets less current liabilities			811,024			798,069

Creditors: amounts falling due after more than one year	6		(121,043)			(130,320)

Provisions for liabilities			(342)			(394)


Net assets			689,639			667,355

Capital and reserves
Called up share capital			100			100
Profit and loss account			689,539			667,255

Shareholder's funds			689,639			667,355

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions of the small companies regime in FRS 102 (Section 1A). The profit and loss account has not been delivered to the Registrar of Companies.



C Jackson
Director

Approved by the board on 25 November 2025

Flintshire Properties Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	These accounts have been prepared in accordance with the small company regime in FRS 102 (section 1A). The accounts have been prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain tangible fixed assets, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom.

	Turnover
	Turnover comprises rents receivable for the year.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% on reducing balance
	Motor vehicles			25% on reducing balance

	Government Grants
	Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are included using the performance model.

	Investment property
	Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
	The properties have been valued on an open market basis by Paterson Macaulay & Owens, Chartered Architects.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1





3	Tangible fixed assets
		Investment property		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost or valuation
	At 1 April 2024	942,848		6,058		20,613		969,519
	At 31 March 2025	942,848		6,058		20,613		969,519

	Depreciation
	At 1 April 2024	80,994		5,962		18,635		105,591
	Charge for the year	-		24		494		518
	At 31 March 2025	80,994		5,986		19,129		106,109

	Net book value
	At 31 March 2025	861,854		72		1,484		863,410
	At 31 March 2024	861,854		96		1,978		863,928


	Investment properties:					2025		2024
£							£
	Historical cost					639,866		639,866
	Revaluation surplus					221,988		221,988
						861,854		861,854


4	Debtors					2025		2024
£							£

	Other debtors					279		266


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					15,840		22,276
	Corporation tax					6,438		7,925
	Other taxes and social security costs					-		28
	Other creditors					39,208		52,619
						61,486		82,848


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					91,043		100,320
	Other creditors					30,000		30,000
						121,043		130,320


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					95,692		109,400

	The loans are secured against the company's investment properties.

	Loan from director					46,589		41,946

	There is no fixed date for repayment.


8	Controlling party

	The company is controlled by the director, Mr C Jackson, who holds all of the share capital.


9	Other information

	Flintshire Properties Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Clifton House
	18 Wrexham Street
	Mold
	Flintshire
	CH7 1ES