ACCOUNTS - Final Accounts

Registered number: SC145404

FLATS 4 U LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

FLATS 4 U LIMITED

COMPANY INFORMATION

Directors	Mr M Forbes
	Mrs K Forbes


Registered number	SC145404


Registered office	14 City Quay
	Dundee
	DD1 3JA


Accountants	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

FLATS 4 U LIMITED

REGISTERED NUMBER: SC145404

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2026

		2026		2025
		£		£

Fixed assets
Investments	4		708,458		725,859
			708,458		725,859
Current assets
Debtors: amounts falling due after more than one year	5	230,800		206,800
Debtors: amounts falling due within one year	5	31,709		22,370
Bank and cash balances		52,241		42,615
		314,750		271,785
Creditors: amounts falling due within one year	6	(24,462)		(24,212)
Net current assets			290,288		247,573
Total assets less current liabilities			998,746		973,432

Net assets			998,746		973,432

Capital and reserves
Called up share capital	7	530	530
Capital redemption reserve		470	470
Profit and loss account		997,746	972,432
		998,746	973,432

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FLATS 4 U LIMITED

REGISTERED NUMBER: SC145404

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 5 APRIL 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2026.

Mr M Forbes

Director

The notes on pages 3 to 5 form part of these financial statements.

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FLATS 4 U LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

1.	General information

Flats 4 U Limited is a private company, limited by shares, domiciled in Scotland, with registration number SC145404. The registered office is 14 City Quay, Dundee, DD1 3JA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.5

Investment income

Income generated from investments, in the form of dividend and interest, is recognised when the right to receive payment is established.

2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

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FLATS 4 U LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

4.	Fixed asset investments

		Investment Portfolio
		£

	At 6 April 2025	725,859
	Additions	391,468
	Disposals	(413,594)
	Revaluations	4,725
	At 5 April 2026	708,458

	Net book value
	At 5 April 2026	708,458
	At 5 April 2025	725,859

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FLATS 4 U LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

5.	Debtors
		2026	2025
		£	£

Due after more than one year
Other debtors	230,800	206,800
	230,800	206,800

					2026	2025
					£	£

Due within one year
Other debtors	31,709	22,370
	31,709	22,370

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Accruals and deferred income	5,695	5,443
Other creditors	18,767	18,769
	24,462	24,212

7.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

530 Ordinary shares of £1 each	530	530

8.	Related party transactions
	Included within other debtors due after more than one year are loans due from Plant Bar Limited amounting to £137,400 (2025 - £124,400) and Plant Bar 2 Limited of £93,400 (2025 - £82,400). Both companies have common directorship and control. The loans are interest only with an agreed rate of 4% p.a. and are repayble within 10 years of issue.

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