Flourish Commercial Property Ltd Accounts






Flourish Commercial Property Ltd

	Company No. 14133263
		Information for Filing with The Registrar
		31 May 2026

at	31 May 2026
Company No.		14133263	Notes	2026	2025
				£	£
Fixed assets


	Investment property		7	2,100,000	-
	Investments		8	3,101	3,000,176
				2,103,101	3,000,176
Current assets

	Debtors		9	15,613	-

	Cash at bank and in hand			14,920	5,002
				30,533	5,002
Creditors: Amount falling due within one year			10	(68,510)	(7,500)
Net current liabilities				(37,977)	(2,498)
Total assets less current liabilities				2,065,124	2,997,678
Creditors: Amounts falling due after more than one year			11	(452,580)	-
Provisions for liabilities
	Deferred taxation		13	(143,910)	-

Net assets				1,468,634	2,997,678

Capital and reserves
	Called up share capital			1,871,778	3,000,178



	Profit and loss account		15	(403,144)	(2,500)

Total equity				1,468,634	2,997,678



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2026 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 24 October 2026 and signed on its behalf by:
Paul O'Connell
Director
24 October 2026

for the year ended 31 May 2026

General information

Flourish Commercial Property Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 14133263

Its registered office is:

Unit 2

Garnett Close

Watford

WD24 7GL

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Consolidation

The company is exempt from preparing group accounts under section 399 of the Companies Act 2006 as it heads a small group.

Accounting policies

Revenue recognition

Turnover represents rental income receivable from the letting of the investment property of the company, exclusive of VAT, and is recognised on a straight-line basis over the term of the lease.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

5	Taxation
		(a) Tax on profit on ordinary activities	2026
		The tax charge is made up as follows:	£
		UK corporation tax
		Charge for the period	27,898

		Total corporation tax	27,898

		Origination and reversal of timing differences	143,910

		Total deferred tax	143,910

		Tax on profit on ordinary activities	171,808

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		410665	£	£
		Profit on ordinary activities before tax	(955,428)	189,500

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(238,857)	47,375
		Expenses not deductible for tax purposes	410,665	(47,375)




		Tax on profit on ordinary activities	171,808	-

Exceptional items

Administrative expenses include an impairment loss of £2,997,075 on the investment in Flourish Craft Bakery Holdings Ltd, written down to its recoverable amount after the demerger. Income from investments includes a dividend in specie of £814,443 received from that company on 5 June 2025.

7	Investment property
			Freehold Investment Property
			£
		Valuation

		Additions	1,007,628
		Revaluation	1,092,372

		At 31 May 2026	2,100,000

		The directors valued the investment property at 31 May 2026 at £2,100,000 on an open market basis, having regard to the independent valuation obtained in 2025.

8	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 June 2025	3,000,176	3,000,176
		Additions	302,475	302,475

		Disposals	(302,475)	(302,475)
		At 31 May 2026	3,000,176	3,000,176
		Provisions/Impairment

		Impairment loss	2,997,075	2,997,075


		At 31 May 2026	2,997,075	2,997,075
		Net book values
		At 31 May 2026	3,101	3,101
		At 31 May 2025	3,000,176	3,000,176

9	Debtors
			2026	2025
			£	£






		Other debtors	15,613	-

			15,613	-

10	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	19,249	-



		Amounts owed to group undertakings	-	5,000
		Taxes and social security	27,898	-

		Other creditors	10,000	-
		Accruals and deferred income	11,363	2,500
			68,510	7,500

11	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	452,580	-






			452,580	-

		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	366,199

			366,199

12	Creditors: secured liabilities
			2026	2025
			£	£
		The aggregate amount of secured liabilities included within creditors	471,828	-

		The bank loan is secured by a first legal charge over the freehold property at Unit 2 Garnett Close, Watford, a debenture over the assets of the company and a guarantee of £500,000 given by Flourish Craft Bakery Ltd.

13	Deferred taxation

			£	£

		Charge to the profit and loss account for the period	143,910	143,910

		At 31 May 2026	143,910	143,910


			2026	2025
			£	£


		Revaluation of investment property	143,910	-

			143,910	-

Share Capital

The issued share capital of the company is 1,871,778 Ordinary A shares of £1 each, all allocated, called up and fully paid. On 5 June 2025 the 3,000,178 Ordinary shares of £1 were redesignated as 1,871,778 Ordinary A shares and 1,128,400 Ordinary B shares, and the Ordinary B shares were then cancelled under a reduction of capital supported by a solvency statement as part of the demerger of Flourish Craft Bakery Ltd.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

During the year the company let its property to Flourish Craft Bakery Ltd, a company under the common control of the directors, at a rent of £165,967 (2025: £nil); at 31 May 2026 £15,613 was owed by and £10,000 was owed to that company. On 5 June 2025, as part of the demerger of the group, the company received the freehold property at Unit 2 Garnett Close from Flourish Craft Bakery Ltd by way of a dividend in specie and assumed its bank mortgage of £495,660, which it repaid from a new bank loan. Dividends paid to the directors and their family totalled £99,333 (2025: £192,000).