Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr C B Netto 20/03/2015 Ms L J Portman 01/10/2015 02 October 2023 The principal activity of the company during the financial year was that of consultancy. 09501058 2023-03-31 09501058 bus:Director1 2023-03-31 09501058 bus:Director2 2023-03-31 09501058 2022-03-31 09501058 core:CurrentFinancialInstruments 2023-03-31 09501058 core:CurrentFinancialInstruments 2022-03-31 09501058 core:ShareCapital 2023-03-31 09501058 core:ShareCapital 2022-03-31 09501058 core:RetainedEarningsAccumulatedLosses 2023-03-31 09501058 core:RetainedEarningsAccumulatedLosses 2022-03-31 09501058 core:PlantMachinery 2022-03-31 09501058 core:OfficeEquipment 2022-03-31 09501058 core:PlantMachinery 2023-03-31 09501058 core:OfficeEquipment 2023-03-31 09501058 bus:OrdinaryShareClass1 2023-03-31 09501058 2022-04-01 2023-03-31 09501058 bus:FullAccounts 2022-04-01 2023-03-31 09501058 bus:SmallEntities 2022-04-01 2023-03-31 09501058 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09501058 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09501058 bus:Director1 2022-04-01 2023-03-31 09501058 bus:Director2 2022-04-01 2023-03-31 09501058 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 09501058 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 09501058 2021-04-01 2022-03-31 09501058 core:PlantMachinery 2022-04-01 2023-03-31 09501058 core:OfficeEquipment 2022-04-01 2023-03-31 09501058 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09501058 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09501058 (England and Wales)

FELIX CULPA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

FELIX CULPA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

FELIX CULPA LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
FELIX CULPA LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr C B Netto
Ms L J Portman
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 09501058 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon TQ2 7FF
FELIX CULPA LIMITED

BALANCE SHEET

As at 31 March 2023
FELIX CULPA LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,177 115
3,177 115
Current assets
Debtors 4 115,343 94,410
Cash at bank and in hand 62,719 87,077
178,062 181,487
Creditors: amounts falling due within one year 5 ( 28,311) ( 38,968)
Net current assets 149,751 142,519
Total assets less current liabilities 152,928 142,634
Net assets 152,928 142,634
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 152,828 142,534
Total shareholders' funds 152,928 142,634

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Felix Culpa Limited (registered number: 09501058) were approved and authorised for issue by the Board of Directors on 02 October 2023. They were signed on its behalf by:

Mr C B Netto
Director
FELIX CULPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
FELIX CULPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Felix Culpa Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 April 2022 0 2,455 2,455
Additions 2,657 714 3,371
At 31 March 2023 2,657 3,169 5,826
Accumulated depreciation
At 01 April 2022 0 2,340 2,340
Charge for the financial year 219 90 309
At 31 March 2023 219 2,430 2,649
Net book value
At 31 March 2023 2,438 739 3,177
At 31 March 2022 0 115 115

4. Debtors

2023 2022
£ £
Trade debtors 0 16,200
Other debtors 115,343 78,210
115,343 94,410

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 26,000 37,218
Other creditors 2,311 1,750
28,311 38,968

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Director's Loan Account 97,744 78,210

During the year, the company operated a loan account with its directors'. The loan is repayable on demand and has no fixed date of repayment. Interest is charged in line with HMRC guidelines.