REGISTERED NUMBER: 09124512 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 June 2025

for

Flagstream One Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Draper

G Draper

REGISTERED OFFICE:

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

REGISTERED NUMBER:

09124512 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Tangible assets

4

380,735

285,894

Investments

5

200

200

380,935

286,094

CURRENT ASSETS

Debtors

6

414,939

594,340

Cash at bank

80,601

487

495,540

594,827

CREDITORS

Amounts falling due within one year

7

556,312

443,965

NET CURRENT (LIABILITIES)/ASSETS

(60,772

)

150,862

TOTAL ASSETS LESS CURRENT LIABILITIES

320,163

436,956

PROVISIONS FOR LIABILITIES

80,812

59,274

NET ASSETS

239,351

377,682

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

239,151

377,482

239,351

377,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

G Draper - Director

1.	STATUTORY INFORMATION

Flagstream One 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 June 2024

762,816

Additions

230,216

Disposals

(46,200

)

At 28 June 2025

946,832

DEPRECIATION

At 29 June 2024

476,922

Charge for year

126,889

Eliminated on disposal

(37,714

)

At 28 June 2025

566,097

NET BOOK VALUE

At 28 June 2025

380,735

At 28 June 2024

285,894

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 29 June 2024

and 28 June 2025

200

NET BOOK VALUE

At 28 June 2025

200

At 28 June 2024

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.6.25

28.6.24

£

£

Amounts owed by group undertakings

414,839

594,240

Other debtors

100

100

414,939

594,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.6.25

28.6.24

£

£

Trade creditors

-

168

Amounts owed to group undertakings

490,718

387,821

Taxation and social security

60,081

53,926

Other creditors

5,513

2,050

556,312

443,965