Flaybrick Homes Limited - Accounts to registrar (filleted) - small 18.2
Flaybrick Homes Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 29 May 2019 to 27 May 2020 |
| for |
| Flaybrick Homes Limited |
| Flaybrick Homes Limited (Registered number: 07647460) |
| Contents of the Financial Statements |
| for the period 29 May 2019 to 27 May 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| Flaybrick Homes Limited |
| Company Information |
| for the period 29 May 2019 to 27 May 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| St George's Court |
| Winnington Avenue |
| Northwich |
| Cheshire |
| CW8 4EE |
| Flaybrick Homes Limited (Registered number: 07647460) |
| Balance Sheet |
| 27 May 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Flaybrick Homes Limited (Registered number: 07647460) |
| Notes to the Financial Statements |
| for the period 29 May 2019 to 27 May 2020 |
| 1. | STATUTORY INFORMATION |
| Flaybrick Homes Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The company's year end was shortened to 27 May 2020. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Computer equipment - | 25% on straight line |
| Stocks |
| Where the outcome of long term contracts can be estimated reliably, income and associated costs are recognised by reference to the stage of completion. This is measured by the proportion of contracted costs incurred to date in relation to the estimated total costs of the project. |
| When it is probable that the total contract costs will exceed total contract income, the expected loss is recognised immediately in full. |
| Excess payments on account over income are deducted from any balance on the contract in stocks, with any residual balance shown within creditors. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss, 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Flaybrick Homes Limited (Registered number: 07647460) |
| Notes to the Financial Statements - continued |
| for the period 29 May 2019 to 27 May 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement. |
| Share capital |
| Ordinary shares are classed as equity. |
| Distributions to equity holders |
| Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2019 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 29 May 2019 |
| Disposals | ( |
) |
| At 27 May 2020 |
| DEPRECIATION |
| At 29 May 2019 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 27 May 2020 |
| NET BOOK VALUE |
| At 27 May 2020 |
| At 28 May 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Flaybrick Homes Limited (Registered number: 07647460) |
| Notes to the Financial Statements - continued |
| for the period 29 May 2019 to 27 May 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 29,207 | - |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Bank loan | 270,775 | 253,175 |
| The bank holds a fixed and floating charge over the assets of the company. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| At the balance sheet date the company has non cancellable operating lease commitments totalling £7,331 (2019: £17,105). |
| 11. | RELATED PARTY DISCLOSURES |
| At the year end the directors are owed £29,126 (2019: £93,920) in aggregation. The loan is repayable on demand and attracts no interest. |
| 12. | ULTIMATE PARENT COMPANY |
| FH (UK) Ltd is the ultimate parent company. The parent's registered office is St. George's Court, Winnington Avenue, Northwich, Cheshire, CW8 4EE. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Flaybrick Homes Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flaybrick Homes Limited for the period ended 27 May 2020 which comprise the Profit and loss, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Flaybrick Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flaybrick Homes Limited and state those matters that we have agreed to state to the Board of Directors of Flaybrick Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flaybrick Homes Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Flaybrick Homes 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 Flaybrick Homes Limited. You consider that Flaybrick Homes Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Flaybrick Homes 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. |
| Chartered Accountants |
| St George's Court |
| Winnington Avenue |
| Northwich |
| Cheshire |
| CW8 4EE |