0 false false true false false false false false false false true false false true false true true No description of principal activity 2024-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 684 683 1 1 xbrli:pure xbrli:shares iso4217:GBP 03375384 2024-09-01 2025-08-31 03375384 2025-08-31 03375384 2024-08-31 03375384 2023-09-01 2024-08-31 03375384 2024-08-31 03375384 2023-08-31 03375384 bus:Director1 2024-09-01 2025-08-31 03375384 bus:Director2 2024-09-01 2025-08-31 03375384 core:WithinOneYear 2025-08-31 03375384 core:WithinOneYear 2024-08-31 03375384 core:AfterOneYear 2024-08-31 03375384 core:ShareCapital 2025-08-31 03375384 core:ShareCapital 2024-08-31 03375384 core:RetainedEarningsAccumulatedLosses 2025-08-31 03375384 core:RetainedEarningsAccumulatedLosses 2024-08-31 03375384 bus:SmallEntities 2024-09-01 2025-08-31 03375384 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 03375384 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 03375384 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 03375384 bus:FullAccounts 2024-09-01 2025-08-31 03375384 core:ComputerEquipment 2025-08-31 03375384 core:ComputerEquipment 2024-08-31 03375384 1 2024-09-01 2025-08-31
COMPANY REGISTRATION NUMBER: 03375384

FLATAGENT LIMITED

Filleted Unaudited Financial Statements

31 August 2025

FLATAGENT LIMITED

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 1 | 1

Current assets

Stocks | 264,690 |  | 252,721
Debtors | 5 | 1,964 |  | –
Cash at bank and in hand | 434 |  | 24,154
| --------- |  | ---------
| 267,088 |  | 276,875

Creditors: amounts falling due within one year | 6 | 63,244 |  | 75,161
| --------- |  | ---------
Net current assets |  | 203,844 | 201,714
|  | --------- | ---------
Total assets less current liabilities |  | 203,845 | 201,715

Creditors: amounts falling due after more than one year | 7 |  | – | 341
|  | --------- | ---------
Net assets |  | 203,845 | 201,374
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account | 8 |  | 203,745 | 201,274
|  | --------- | ---------
Shareholders funds |  | 203,845 | 201,374
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FLATAGENT LIMITED

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 14 April 2026 , and are signed on behalf of the board by:

J Johnston | M Mansfield
Director | Director

Company registration number: 03375384

FLATAGENT LIMITED

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 736 High Road, North Finchley, London, N12 9QD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks and work in progress developments are stated at the lower of cost and net realisable value. Cost consists of direct cost including applicable interest and the applicable portion of overheads. Net realisable value represents the Directors' estimate of the net proceeds receivable from developing the sites after taking account of market conditions.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 September 2024 and 31 August 2025 | 684 | 684
| ---- | ----
Depreciation |  |
At 1 September 2024 and 31 August 2025 | 683 | 683
| ---- | ----
Carrying amount |  |
At 31 August 2025 | 1 | 1
| ---- | ----
At 31 August 2024 | 1 | 1
| ---- | ----

5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 1,964 | –
| ------- | ----

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 423 | 871
Accruals and deferred income | 1,227 | 793
Corporation tax | 412 | –
Director loan accounts | 60,257 | 73,497
Other creditors | 925 | –
| -------- | --------
| 63,244 | 75,161
| -------- | --------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 341
| ---- | ----

8. Reserves
Profit and loss account - this reserve records retained earnings and accumulated losses.
9. Directors' advances, credits and guarantees
Directors loan account balance has been shown within note 8.
10. Controlling party
The company was under the control of its directors throughout the reporting year.