Flaybrick Homes Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07647460 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Flaybrick Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Miss H L Kenrick

REGISTERED OFFICE:

St Georges Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

REGISTERED NUMBER:

07647460 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Tangible assets

3

565

329

CURRENT ASSETS

Stocks

925,956

601,610

Debtors

4

213,833

184,313

Cash at bank

12,738

1,845

1,152,527

787,768

CREDITORS

Amounts falling due within one year

5

866,769

234,354

NET CURRENT ASSETS

285,758

553,414

TOTAL ASSETS LESS CURRENT LIABILITIES

286,323

553,743

CREDITORS

Amounts falling due after more than one year

6

(253,089

)

(528,962

)

PROVISIONS FOR LIABILITIES

(66

)

(66

)

NET ASSETS

33,168

24,715

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

33,167

24,714

SHAREHOLDERS' FUNDS

33,168

24,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 19 February 2018 and were signed by:

Miss H L Kenrick - Director

1.	STATUTORY INFORMATION

Flaybrick Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

For periods up to and including the year ended 31 May 2016, the company prepared its financial statements in

accordance with UK Generally Accepted Accounting Practice ("UK GAAP"). These financial statements for the

year ended 31 May 2017 are the first the Company has prepared in accordance with FRS 102. The Company's

deemed transition date to FRS 102 was 1 June 2015. No transitional differences were noted.

The company has adopted the FRS 102 accounting policies and principles on a consistent basis from the date of

transition. The principal policies are set out below:

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 year 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.

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 profit and loss account.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

1,271

Additions

506

At 31 May 2017

1,777

DEPRECIATION

At 1 June 2016

942

Charge for year

270

At 31 May 2017

1,212

NET BOOK VALUE

At 31 May 2017

565

At 31 May 2016

329

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

167

627

Other debtors

213,666

183,686

213,833

184,313

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

71,713

23,201

Taxation and social security

9,759

3,870

Other creditors

785,297

207,283

866,769

234,354

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

253,089

528,962

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Mortgage

359,612

359,612

The bank holds a fixed and floating charge over the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

FH (UK) Limited

Parent

The loan is interest free and repayable on demand.

2017

2016

£

£

Amount due to related party at the balance sheet date

140,570

122,956

10.	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.

The following reproduces the text of the report prepared for the director 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 Director 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 year ended 31 May 2017 which comprise the Profit and loss,

Balance Sheet, 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 director of Flaybrick Homes Limited 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 director of Flaybrick Homes Limited 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 director 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 year.

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.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

19 February 2018