The Flat Company (Lilla) Limited - Accounts to registrar (filleted) - small 23.1.2

The Flat Company (Lilla) Limited - Accounts to registrar (filleted) - small 23.1.2

THE FLAT COMPANY (LILLA) LIMITED - Company Information

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REGISTERED NUMBER: SC546815 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2022

for

The Flat Company (Lilla) Limited
The Flat Company (Lilla) Limited (Registered number: SC546815)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Flat Company (Lilla) Limited

Company Information
for the Year Ended 30 September 2022







DIRECTORS: W J H Walters
C Robertson
M Wilcken





REGISTERED OFFICE: 61A Queen Street
Edinburgh
EH2 4NA





REGISTERED NUMBER: SC546815 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG
Page 1
The Flat Company (Lilla) Limited (Registered number: SC546815)

Balance Sheet
30 September 2022

30.9.22 30.9.21
Notes £ £
CURRENT ASSETS
Debtors 4 17,121 7,272
Cash at bank 22,456 26,953
39,577 34,225
CREDITORS
Amounts falling due within one year 5 16,488 8,404
NET CURRENT ASSETS 23,089 25,821
TOTAL ASSETS LESS CURRENT LIABILITIES 23,089 25,821

CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Retained earnings 13,089 15,821
SHAREHOLDERS' FUNDS 23,089 25,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2023 and were signed on its behalf by:





W J H Walters - Director


The notes form part of these financial statements

Page 2
The Flat Company (Lilla) Limited (Registered number: SC546815)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

The Flat Company (Lilla) Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Exception from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

Page 3 continued...
The Flat Company (Lilla) Limited (Registered number: SC546815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£ £
Trade debtors 2,092 736
Other debtors 15,029 6,536
17,121 7,272

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£ £
Trade creditors 6,040 2,841
Taxation and social security 105 1,546
Other creditors 10,343 4,017
16,488 8,404

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £ £
10,000 Ordinary £1 10,000 10,000

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22 30.9.21
£ £
M Wilcken
Balance outstanding at start of year 1,890 -
Amounts advanced 4,200 1,890
Amounts repaid (1,595 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,495 1,890

8. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the year end were as follows:




Related Party

Type of
Transaction

Transactions in
the year

Transactions in
the year		 Balance
receivable from
or (payable to)
related party as at 		Balance
receivable from
or (payable to)
related party as at
30.09.22 30.09.21 30.09.2022 30.09.2021
£ £ £ £

(1) The Flat Company Administration (13,200) - - -
Services

(2) Nonge Limited Disbursements 2,041 - 2,041 -

(1) Three of the directors are directors and shareholders of The Flat Company Limited.

(2) One of the directors is also a director of Nonge Limited.

Page 4 continued...
The Flat Company (Lilla) Limited (Registered number: SC546815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling interest.

Page 5