Flair Stairs Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flair Stairs Limited for the year ended 31 October 2025 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the directors of Flair Stairs Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flair Stairs Limited and state those matters that we have agreed to state to the directors of Flair Stairs Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Flair Stairs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flair Stairs Limited . You consider that Flair Stairs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flair Stairs Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

10/07/2026

Daniel Wolfson & Co Ltd

Dns House, 382 Kenton Road

Harrow

Greater London

United Kingdom

HA3 8DP

Page 1

Page 2

Flair Stairs Limited

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: 09283563

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,968		666,145

			18,968		666,145
CURRENT ASSETS
Stocks	5	6,250		11,500
Debtors	6	9,943		-
Cash at bank and in hand		57,521		2,004

		73,714		13,504
Creditors: Amounts Falling Due Within One Year	7	(241,477 )		(314,616 )

NET CURRENT ASSETS (LIABILITIES)			(167,763 )		(301,112 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(148,795 )		365,033

Creditors: Amounts Falling Due After More Than One Year	8		(21,473 )		(265,918 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(3,506 )		(65,011 )

NET (LIABILITIES)/ASSETS			(173,774 )		34,104

CAPITAL AND RESERVES
Called up share capital	10		33		33
Revaluation reserve			-		265,218
Profit and Loss Account			(173,807 )		(231,147 )

SHAREHOLDERS' FUNDS			(173,774)		34,104

Page 2

Page 3

Flair Stairs Limited

Balance Sheet (continued)

As At 31 October 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 10 July 2026 and were signed on its behalf by:

Mrs W Rickman

Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Flair Stairs Limited

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Flair Stairs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09283563 . The registered office is Unit 6 Kenwood Farm, Harthall Lane, Hemel Hempstead, HP3 8SD.

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Going Concern Disclosure

These accounts are prepared on a going concern basis given the continued support of the directors, bank and loan

creditors.

2.3. Turnover

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

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	Straight line over 3 years

2.5. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

2.6. 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.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4

Page 5

Flair Stairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.8. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 10)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	650,000	32,194	33,616	1,918	717,728
Additions	-	-	15,690	-	15,690
Disposals	(650,000 )	(3,817 )	(28,116 )	(703 )	(682,636 )

As at 31 October 2025	-	28,377	21,190	1,215	50,782

Depreciation
As at 1 November 2024	-	24,287	26,074	1,222	51,583
Provided during the period	-	1,977	4,250	404	6,631
Disposals	-	(3,817 )	(21,880 )	(703 )	(26,400 )

As at 31 October 2025	-	22,447	8,444	923	31,814

Net Book Value
As at 31 October 2025	-	5,930	12,746	292	18,968

As at 1 November 2024	650,000	7,907	7,542	696	666,145

5. Stocks

	2025	2024
	£	£
Work in progress	6,250	11,500

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,871	-
Other debtors	4,000	-
VAT	3,072	-

	9,943	-

Page 5

Page 6

Flair Stairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,095	32,487
Bank loans and overdrafts	10,000	54,755
Social security and other tax	210,807	202,044
VAT	-	14,675
Other creditors	3,198	3,248
Accruals and deferred income	2,603	2,735
Directors' loan accounts	2,774	4,672

	241,477	314,616

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans > 1 year	1,473	155,918
Directors' loan account	20,000	110,000

	21,473	265,918

During May 2020, the company availed itself of the Govt-backed Coronavirus Bounce-back Loan Scheme. There was no interest payable nor capital repayments due for the first year. Over the remaining 5 year loan term, the loan is repayable by equal instalments with interest at 2.5%. There are no penalties on early redemption.

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	3,506	65,011

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
3 Ordinary Shares of £ 1.00 each	3	3
10 Ordinary A shares of £ 1.00 each	10	10
10 Ordinary B shares of £ 1.00 each	10	10
10 Ordinary C shares of £ 1.00 each	10	10

	33	33

The Ordinary shares have full voting and dividend rights, whereas the Ordinary A, Ordinary B and Ordinary C shares have dividend rights only.

11. Controlling Parties

Mr and Mrs Rickman are the ultimate controlling parties by virtue of their joint 100% shareholding of the voting share capital.

Page 6