Flotilla Homes Limited


Directors	Mr M Capstick
	Ms A Hernandez Duran


Registered Address	2 Hobson Court
	40 Business Park
	Penrith
	CA11 9GQ


Registered Number	15206404 (England and Wales)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,220,297		1,220,297
			1,220,297		1,220,297
Current assets
Debtors		1,498		-
Cash at bank and on hand		32,761		314
		34,259		314
Creditors amounts falling due within one year	4	(1,289,139)		(1,288,919)
Net current assets (liabilities)			(1,254,880)		(1,288,605)
Total assets less current liabilities			(34,583)		(68,308)
Net assets			(34,583)		(68,308)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(34,683)		(68,408)
Shareholders' funds			(34,583)		(68,308)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 July 2026, and are signed on its behalf by:

Mr M Capstick
Director
Registered Company No. 15206404

Flotilla Homes Limited

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property
	The directors have considered the fair value of the investment properties to the original cost and have concluded that there is no material difference.


		£
	Fair value at 01 November 24	1,220,297
	At 31 October 25	1,220,297

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	1,282,465	1,283,231
Accrued liabilities and deferred income	6,674	5,688
Total	1,289,139	1,288,919


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Related party transactions
	During the year a director had a loan account with the company. At 31 October 2025 the company owed the director £1,092,045 (2024 - £1,096,579). This loan is unsecured and repayable upon demand. From 6 April 2025 interest of 4.75% has been calculated (£28,853) and is due to be paid to the director. During the year a director had a loan account with the company. At 31 October 2025 the company owed the director £190,419 (2024 - £186,652). This loan is unsecured and repayable upon demand. From 6 April 2025 interest of 4.75% has been calculated (£5,025) and is due to be paid to the director.

Related party transactions

During the year a director had a loan account with the company. At 31 October 2025 the company owed the director £1,092,045 (2024 - £1,096,579). This loan is unsecured and repayable upon demand. From 6 April 2025 interest of 4.75% has been calculated (£28,853) and is due to be paid to the director.

During the year a director had a loan account with the company. At 31 October 2025 the company owed the director £190,419 (2024 - £186,652). This loan is unsecured and repayable upon demand. From 6 April 2025 interest of 4.75% has been calculated (£5,025) and is due to be paid to the director.