REGISTERED NUMBER: 12422493 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

FLYING CIRCUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C J Boileau

J A Trafford

REGISTERED OFFICE:

25 St Thomas Steet

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

12422493 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Investments

4

21,412,555

23,707,687

CURRENT ASSETS

Debtors

5

12,614,107

45,230

Prepayments and accrued income

45,553

6,065

Cash at bank

1,310,918

393,671

13,970,578

444,966

CREDITORS

Amounts falling due within one year

6

12,339,054

170,392

NET CURRENT ASSETS

1,631,524

274,574

TOTAL ASSETS LESS CURRENT LIABILITIES

23,044,079

23,982,261

CREDITORS

Amounts falling due after more than one year

7

(7,500,000

)

(7,500,000

)

PROVISIONS FOR LIABILITIES

(544,198

)

(888,948

)

NET ASSETS

14,999,881

15,593,313

CAPITAL AND RESERVES

Called up share capital

8

8,311

8,311

Share premium

8,301,690

8,301,690

Revaluation reserve

2,882,748

4,671,205

Retained earnings

3,807,132

2,612,107

14,999,881

15,593,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2025 and were signed on its behalf by:

Mrs C J Boileau - Director

1.	STATUTORY INFORMATION

Flying Circus 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.

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 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.

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.

Fixed asset investments

Listed investments are included at fair value and gains or losses are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st April 2024

23,707,687

Additions

3,108,692

Disposals

(4,293,371

)

Revaluations

(1,110,453

)

At 31st March 2025

21,412,555

NET BOOK VALUE

At 31st March 2025

21,412,555

At 31st March 2024

23,707,687

Cost or valuation at 31st March 2025 is represented by:

Other

investments

£

Valuation in 2021

2,678,512

Valuation in 2022

535,482

Valuation in 2023

(1,310,355

)

Valuation in 2024

2,775,038

Valuation in 2025

(1,814,476

)

Cost

18,548,354

21,412,555

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

12,614,107

45,230

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,000,000

-

Trade creditors

(2

)

-

Taxation and social security

195,316

165,392

Other creditors

143,740

5,000

12,339,054

170,392

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

7,500,000

7,500,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

7,500,000

7,500,000

Other creditors falling due in more than one year represent an interest free unsecured loan note. The loan note is redeemable by service of a Redemption Notice by the Company of the Noteholder and can be elected to be redeemed in full or part at any time.

The loan is from the sole director-shareholder of the Company and is initially measured at the transaction price. The effective interest rate is zero. The director-shareholder has indicated that no repayment with be due within twelve months of the balance sheet date.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value

31.3.25

31.3.24

1

Ordinary A

1

1

1

2,500

Ordinary B

1

2,770

2,770

2,500

Ordinary C

1

2,770

2,770

2,500

Ordinary D

1

2,770

2,770

8,311

8,311

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mrs C J Boileau

Balance outstanding at start of year

-

-

Amounts advanced

12,539,227

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,539,227

-