Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-30falsetrue2021-10-01No description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08069542 2021-10-01 2022-09-30 08069542 2020-10-01 2021-09-30 08069542 2022-09-30 08069542 2021-09-30 08069542 c:Director1 2021-10-01 2022-09-30 08069542 d:Buildings d:ShortLeaseholdAssets 2021-10-01 2022-09-30 08069542 d:Buildings d:ShortLeaseholdAssets 2022-09-30 08069542 d:Buildings d:ShortLeaseholdAssets 2021-09-30 08069542 d:FurnitureFittings 2021-10-01 2022-09-30 08069542 d:FurnitureFittings 2022-09-30 08069542 d:FurnitureFittings 2021-09-30 08069542 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 08069542 d:ComputerEquipment 2021-10-01 2022-09-30 08069542 d:ComputerEquipment 2022-09-30 08069542 d:ComputerEquipment 2021-09-30 08069542 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 08069542 d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 08069542 d:CurrentFinancialInstruments 2022-09-30 08069542 d:CurrentFinancialInstruments 2021-09-30 08069542 d:Non-currentFinancialInstruments 2022-09-30 08069542 d:Non-currentFinancialInstruments 2021-09-30 08069542 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08069542 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 08069542 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 08069542 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 08069542 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 08069542 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-09-30 08069542 d:ShareCapital 2022-09-30 08069542 d:ShareCapital 2021-09-30 08069542 d:RetainedEarningsAccumulatedLosses 2022-09-30 08069542 d:RetainedEarningsAccumulatedLosses 2021-09-30 08069542 c:OrdinaryShareClass1 2021-10-01 2022-09-30 08069542 c:OrdinaryShareClass1 2022-09-30 08069542 c:OrdinaryShareClass1 2021-09-30 08069542 c:FRS102 2021-10-01 2022-09-30 08069542 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 08069542 c:FullAccounts 2021-10-01 2022-09-30 08069542 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08069542













L'APARTEMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

 
L'APARTEMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
L'APARTEMENT LIMITED
REGISTERED NUMBER:08069542

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
98,348
69,040

Current assets
  

Stocks
  
10,424
10,424

Debtors: amounts falling due within one year
 5 
216,069
234,290

Cash at bank and in hand
  
80,006
44,846

  
306,499
289,560

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(206,669)
(179,751)

Net current assets
  
 
 
99,830
 
 
109,809

Total assets less current liabilities
  
198,178
178,849

Creditors: amounts falling due after more than one year
  
(77,426)
(93,917)

  

Net assets
  
120,752
84,932


Capital and reserves
  

Called up share capital 
 9 
150,000
150,000

Profit and loss account
  
(29,248)
(65,068)

  
120,752
84,932


Page 1

 
L'APARTEMENT LIMITED
REGISTERED NUMBER:08069542
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2022

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 March 2023.




M Edgedale
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
L'APARTEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

L'Apartement Limited is a company registered in England and Wales. The registered office address is 5 Elstree Way, Elstree Gate, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company during the year was that of the sale of luxury fashion items and accessories, as well as the provision of marketing, public relations and branding services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has a negative profit and loss reserve at the balance sheet date. At the balance sheet date the Company has net current assets and net assets. The main creditor of the Company is the Director/Shareholder who has provided assurance that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Turnover comprises of  the provision of marketing and branding, as well as the sale of luxury fashion items. Revenue is recognised when the goods are dispatched and the branding consultancy fee is recognised in the period when service is provided.

Page 3

 
L'APARTEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
5%
Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
L'APARTEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.6

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction
price less attributable transaction costs. Trade creditors, other creditors and loans from related
parties are recognised initially at transaction price plus attributable transaction costs. Subsequently
they are measured at amortised cost using the effective interest method, less any impairment losses
in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised
initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 5

 
L'APARTEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





S/Term Leasehold Property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2021
58,573
56,452
13,597
128,622


Additions
30,000
10,530
-
40,530



At 30 September 2022

88,573
66,982
13,597
169,152



Depreciation


At 1 October 2021
16,230
33,635
9,716
59,581


Charge for the year on owned assets
2,929
6,056
2,239
11,224



At 30 September 2022

19,159
39,691
11,955
70,805



Net book value



At 30 September 2022
69,414
27,291
1,642
98,347



At 30 September 2021
42,343
22,818
3,881
69,042

Page 6

 
L'APARTEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
128,180
53,055

Other debtors
4,322
84,072

Prepayments and accrued income
83,567
97,163

216,069
234,290



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
-
3,573

Bank loans
23,000
21,083

Trade creditors
111,847
66,847

Other taxation and social security
2,857
1,909

Other creditors
63,565
80,939

Accruals and deferred income
5,400
5,400

206,669
179,751



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
77,426
93,917



8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
23,000
21,083

Amounts falling due 2-5 years

Bank loans
77,426
93,917

100,426
115,000


Page 7

 
L'APARTEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



150,000 (2021 - 150,000) Ordinary shares of £1 each
150,000
150,000


 
Page 8