Flaxfield Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09160932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Flaxfield Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N R Dawkins

REGISTERED OFFICE:

Flaxfield Lodge

Hyde Lane

Stuckton

Fordingbridge

Hampshire

SP6 2HD

REGISTERED NUMBER:

09160932 (England and Wales)

ACCOUNTANTS:

KingsBere Accountants Limited

The Old Dryer

Hinton Business Park

Tarrant Hinton

Blandford Forum

Dorset

DT11 8JF

CURRENT ASSETS

Stocks

385,572

963,462

Debtors

4

25,517

39,620

Cash at bank

409,966

80,036

821,055

1,083,118

CREDITORS

Amounts falling due within one year

5

546,780

792,966

NET CURRENT ASSETS

274,275

290,152

TOTAL ASSETS LESS CURRENT
LIABILITIES

274,275

290,152

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

274,175

290,052

SHAREHOLDERS' FUNDS

274,275

290,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2021 and were signed by:

N R Dawkins - Director

1.	STATUTORY INFORMATION

Flaxfield Properties 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Other debtors

25,517

39,620

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Taxation and social security

-

36,246

Other creditors

546,780

756,720

546,780

792,966

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

100

Ordinary

£1

100

7.

RESERVES

Retained

earnings

£

At 1 September 2019

290,052

Deficit for the year

(5,877

)

Dividends

(10,000

)

At 31 August 2020

274,175

8.	RELATED PARTY DISCLOSURES

During the year, the company purchased materials and labour from Mr N R Dawkins, the sole director totalling £149,851 (2019: £285,164).

Flaxfield Properties Limited - Accounts to registrar (filleted) - small 18.2

Flaxfield Properties Limited - Accounts to registrar (filleted) - small 18.2