Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30true2021-12-01falseNo description of principal activity3true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10596158 2021-12-01 2022-11-30 10596158 2020-12-01 2021-11-30 10596158 2022-11-30 10596158 2021-11-30 10596158 c:Director2 2021-12-01 2022-11-30 10596158 d:Buildings d:ShortLeaseholdAssets 2021-12-01 2022-11-30 10596158 d:Buildings d:ShortLeaseholdAssets 2022-11-30 10596158 d:Buildings d:ShortLeaseholdAssets 2021-11-30 10596158 d:FurnitureFittings 2021-12-01 2022-11-30 10596158 d:FurnitureFittings 2022-11-30 10596158 d:FurnitureFittings 2021-11-30 10596158 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 10596158 d:ComputerEquipment 2021-12-01 2022-11-30 10596158 d:ComputerEquipment 2022-11-30 10596158 d:ComputerEquipment 2021-11-30 10596158 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 10596158 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 10596158 d:CurrentFinancialInstruments 2022-11-30 10596158 d:CurrentFinancialInstruments 2021-11-30 10596158 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10596158 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 10596158 d:ShareCapital 2022-11-30 10596158 d:ShareCapital 2021-11-30 10596158 d:RetainedEarningsAccumulatedLosses 2022-11-30 10596158 d:RetainedEarningsAccumulatedLosses 2021-11-30 10596158 c:OrdinaryShareClass1 2021-12-01 2022-11-30 10596158 c:OrdinaryShareClass1 2022-11-30 10596158 c:OrdinaryShareClass1 2021-11-30 10596158 c:FRS102 2021-12-01 2022-11-30 10596158 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 10596158 c:FullAccounts 2021-12-01 2022-11-30 10596158 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 10596158 d:WithinOneYear 2022-11-30 10596158 d:WithinOneYear 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10596158














LA MAISON MOREAU UK LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2022

 
LA MAISON MOREAU UK LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 7


 
LA MAISON MOREAU UK LTD
REGISTERED NUMBER:10596158

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
390,954

Current assets
  

Stocks
  
-
167,271

Debtors: amounts falling due within one year
 5 
97,353
79,909

Cash at bank and in hand
  
12,330
85,997

  
109,683
333,177

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(358,329)
(490,055)

Total assets less current liabilities
  
 
 
(248,646)
 
 
234,076

  

Net (liabilities)/assets
  
(248,646)
234,076


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(249,646)
233,076

  
(248,646)
234,076


The Directors consider 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 Directors acknowledge their 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 23 November 2023.



M Scarpella
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
LA MAISON MOREAU UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

La Maison Moreau UK Ltd is a limited liability company registered in England and Wales. Its registered office address is at 131-133 Cannon Street, London, United Kingdom, EC4N 5AX.
The principal activity of the Company during the year was that of the retail sale of luxury leather goods and accessories.

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 made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The Directors have obtained assurance from the Shareholder 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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

 
2.4

Turnover

Turnover is measured at the fair value of amounts receivable in respect of goods provided in the year, net of trade discounts and excluding value added tax. The Company recognises revenue from goods when the goods are delivered to the customer.

Page 2

 
LA MAISON MOREAU UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

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.

 
2.7

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.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.10

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.

Page 3

 
LA MAISON MOREAU UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over the life of the lease
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
33%
Straight line

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
 
 
2.12

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.
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 4).

Page 4

 
LA MAISON MOREAU UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£





At 1 December 2021
851,288
217,494
5,438
1,074,220


Disposals
(851,288)
(217,494)
(5,438)
(1,074,220)



At 30 November 2022

-
-
-
-





At 1 December 2021
505,078
172,830
5,358
683,266


Charge for the year on owned assets
101,344
32,624
64
134,032


Disposals
(606,422)
(205,454)
(5,422)
(817,298)



At 30 November 2022

-
-
-
-



Net book value



At 30 November 2022
-
-
-
-



At 30 November 2021
346,210
44,664
80
390,954
Page 5

 
LA MAISON MOREAU UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
81,690
16,222

Amounts owed by group undertakings
15,663
15,664

Prepayments and accrued income
-
48,023

97,353
79,909



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
59,301

Amounts owed to group undertakings
63,430
237,000

Other taxation and social security
257,539
182,481

Other creditors
-
256

Accruals and deferred income
37,360
11,017

358,329
490,055



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



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



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £883 (2021 - £1,334). Contributions totalling £nil (2021 - £147) were payable to the fund at the reporting date and are included in creditors.

Page 6

 
LA MAISON MOREAU UK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

9.


Commitments under operating leases

At 30 November 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
-
150,000


10.


Related party transactions

The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemption allowed under section 33.1A of FRS 102 not to disclose transactions with other group companies.

 
Page 7