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Registration number: 09267629

Floral Place Investments Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Floral Place Investments Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Floral Place Investments Ltd

Company Information

Directors | M Lytton P Bennett

Registered office | 590 Green Lanes Palmers Green London N13 5RY

Accountants | Thomas Alexander & Co Ltd 590 Green Lanes Palmers Green London N13 5RY

Floral Place Investments Ltd

(Registration number: 09267629)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | - | 3,889,359
Investments | 5 | 50 | 50
|  | 50 | 3,889,409
Current assets |  |  |
Stocks | 6 | 4,908,757 | -
Debtors | 7 | 74 | 149,684
Cash at bank and in hand |  | 3,977 | 333,663
|  | 4,912,808 | 483,347
Creditors: Amounts falling due within one year | 8 | (4,232,404) | (3,689,941)
Net current assets/(liabilities) |  | 680,404 | (3,206,594)
Net assets |  | 680,454 | 682,815
Capital and reserves |  |  |
Called up share capital | 9 | 2,000 | 2,000
Retained earnings |  | 678,454 | 680,815
Shareholders' funds |  | 680,454 | 682,815

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 November 2025 and signed on its behalf by:

......................................... M Lytton Director

Floral Place Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

These financial statements were authorised for issue by the Board on 10 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts derived from rents charged to tennants during the period and is recognised at the date the rental period occured. This is stated after discounts and other sales taxes.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Floral Place Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Floral Place Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Floral Place Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Investment properties

| 2025 £
At 1 November | 3,889,359
Transfers to and from Stocks | (3,889,359)
At 31 October | -

5 | Investments

| 2025 £ | 2024 £
Investments in associates | 50 | 50

Associates | £
Cost
At 1 November 2024 | 50
Provision
Carrying amount
At 31 October 2025 | 50
At 31 October 2024 | 50

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Associates
MPT Properties Ltd | 590 Green Lanes, London, N13 5RY | Ordinary shares | 50% | 50%

Floral Place Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Associates
MPT Properties Ltd The principal activity of MPT Properties Ltd is property investment & letting. Its financial period end is 28 February. The profit for the financial period of MPT Properties Ltd was £29,032 and the aggregate amount of Capital and reserves at the end of the period was £205,573.

6 | Stocks

| 2025 £ | 2024 £
Closing stock of development property | 4,908,757 | -

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | - | 25,815
Amounts owed by participating interests | 10 | - | 100,523
Prepayments |  | - | 579
Other debtors |  | 74 | 22,767
|  | 74 | 149,684

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 39,639 | 4,585
Amoounts owed to participating interests | 10 | 143,383 | -
Other payables |  | 4,047,762 | 3,675,804
Accruals |  | - | 2,300
Corporation tax liability |  | 1,620 | 7,252
|  | 4,232,404 | 3,689,941

Floral Place Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | - | - | - | -
Ordinary A shares of £1 each | 900 | 900 | 900 | 900
Ordinary B shares of £1 each | 900 | 900 | 900 | 900
Ordinary C shares of £1 each | 100 | 100 | 100 | 100
Ordinary D shares of £1 each | 100 | 100 | 100 | 100
| 2,000 | 2,000 | 2,000 | 2,000

10 | Related party transactions

Summary of transactions with other related parties

Included in other creditors is an amount of £3,200,819 (2024: £3,275,819) owed to Clothing Direct (UK) Ltd, a company under common control. Also included in other creditors is an amount of £150,000 owed to MPC Properties (London) Ltd, a company under common control.
Included in other creditord is an amount of £40,000 owed to M Lytton and an amount of 50,000 owed P Bennett, the directors of the company.
Included in creditors is an amount of £143,383 (2024: -£100,522) owed to MPT Properties Ltd, a company in which Floral Place Investments Ltd holds a 50% interest.