REGISTERED NUMBER: 10720552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FLAUNDEN LANE PROPERTY SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C W Childs

E Childs

REGISTERED OFFICE:

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

10720552 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Ltd

2 Manor Farm Court Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

5

3,209,719

2,395,000

Tangible assets

6

24,174

35,127

Investments

7

1

1

3,233,894

2,430,128

CURRENT ASSETS

Debtors

8

1,500

2,217

Cash at bank

73,303

26,745

74,803

28,962

CREDITORS

Amounts falling due within one year

9

2,355,267

1,469,499

NET CURRENT LIABILITIES

(2,280,464

)

(1,440,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

953,430

989,591

CREDITORS

Amounts falling due after more than one year

10

(1,002,980

)

(997,394

)

PROVISIONS FOR LIABILITIES

-

(286

)

NET LIABILITIES

(49,550

)

(8,089

)

CAPITAL AND RESERVES

Allotted, called up and fully

paid share capital

200

200

Retained earnings

(49,750

)

(8,289

)

(49,550

)

(8,089

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

C W Childs - Director

1.	STATUTORY INFORMATION

Flaunden Lane Property Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents rental income excluding value added tax

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Leasehold interest in property is being amortised evenly over its estimated useful life of nine hundred and ninety nine years.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

33% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Leasehold

interest in

property

£

COST OR VALUATION

At 1 April 2024

2,395,000

Additions

814,719

At 31 March 2025

3,209,719

NET BOOK VALUE

At 31 March 2025

3,209,719

At 31 March 2024

2,395,000

Cost or valuation at 31 March 2025 is represented by:

Leasehold

interest in

property

£

Valuation in 2019

2,295,000

Valuation in 2020

65,000

Valuation in 2023

35,000

Valuation in 2025

814,719

3,209,719

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

545

42,146

1,754

44,445

DEPRECIATION

At 1 April 2024

197

7,727

1,394

9,318

Charge for year

181

10,536

236

10,953

At 31 March 2025

378

18,263

1,630

20,271

NET BOOK VALUE

At 31 March 2025

167

23,883

124

24,174

At 31 March 2024

348

34,419

360

35,127

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Uninvoiced rent

1,500

2,217

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

143,406

-

Other creditors

10,785

10,785

Amount due to associated

company

38,168

38,828

Directors' current accounts

2,151,875

1,409,782

Rent invoiced in advance

8,227

7,178

Accrued expenses

2,806

2,926

2,355,267

1,469,499

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

1,002,980

997,394

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,002,980

997,394