Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08301103 2022-04-01 2023-03-31 08301103 2021-04-01 2022-03-31 08301103 2023-03-31 08301103 2022-03-31 08301103 c:Director1 2022-04-01 2023-03-31 08301103 d:PlantMachinery 2022-04-01 2023-03-31 08301103 d:PlantMachinery 2023-03-31 08301103 d:PlantMachinery 2022-03-31 08301103 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08301103 d:FurnitureFittings 2022-04-01 2023-03-31 08301103 d:FurnitureFittings 2023-03-31 08301103 d:FurnitureFittings 2022-03-31 08301103 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08301103 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08301103 d:CurrentFinancialInstruments 2023-03-31 08301103 d:CurrentFinancialInstruments 2022-03-31 08301103 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08301103 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08301103 d:ShareCapital 2023-03-31 08301103 d:ShareCapital 2022-03-31 08301103 d:RetainedEarningsAccumulatedLosses 2023-03-31 08301103 d:RetainedEarningsAccumulatedLosses 2022-03-31 08301103 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08301103 c:OrdinaryShareClass1 2023-03-31 08301103 c:OrdinaryShareClass1 2022-03-31 08301103 c:FRS102 2022-04-01 2023-03-31 08301103 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08301103 c:FullAccounts 2022-04-01 2023-03-31 08301103 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08301103









CHARLOTTE SIMONE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CHARLOTTE SIMONE LTD
REGISTERED NUMBER: 08301103

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,944
1,844

  
9,944
1,844

Current assets
  

Stocks
 5 
17,404
27,214

Debtors: amounts falling due within one year
 6 
481,247
49,676

Cash at bank and in hand
 7 
1,139,591
842,650

  
1,638,242
919,540

Creditors: amounts falling due within one year
 8 
(311,599)
(233,897)

Net current assets
  
 
 
1,326,643
 
 
685,643

Total assets less current liabilities
  
1,336,587
687,487

  

Net assets
  
1,336,587
687,487


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
1,336,586
687,486

  
1,336,587
687,487


Page 1

 
CHARLOTTE SIMONE LTD
REGISTERED NUMBER: 08301103
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 by: 




................................................
C Jaraj
Director

Date: 28 November 2023

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

Page 2

 
CHARLOTTE SIMONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Charlotte Simone Ltd is a private company, limited by shares and registered in England and Wales (registered number 08301103). The registered office address is Clearwater House, 21 Nottingham Place, London, W1U 5LH.

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

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.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CHARLOTTE SIMONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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.

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:

Plant and machinery
-
33%
on cost
Fixtures and fittings
-
33%
on cost

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.

Page 4

 
CHARLOTTE SIMONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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 outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
CHARLOTTE SIMONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
14,720
-
14,720


Additions
-
10,725
10,725



At 31 March 2023

14,720
10,725
25,445



Depreciation


At 1 April 2022
12,876
-
12,876


Charge for the year on owned assets
799
1,826
2,625



At 31 March 2023

13,675
1,826
15,501



Net book value



At 31 March 2023
1,045
8,899
9,944



At 31 March 2022
1,844
-
1,844


5.


Stocks

2023
2022
£
£

Stocks
17,404
27,214

17,404
27,214


Page 6

 
CHARLOTTE SIMONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
475
1,270

Other debtors
467,385
28,054

Prepayments and accrued income
13,387
20,352

481,247
49,676



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,139,591
842,650

1,139,591
842,650



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
37,579
16,206

Corporation tax
149,156
137,959

Other taxation and social security
25,660
8,210

Other creditors
67,204
69,522

Accruals and deferred income
32,000
2,000

311,599
233,897



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary shares share of £1.00
1
1

Page 7

 
CHARLOTTE SIMONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


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 £1,189 (222: £1,189). Contributions payable to the fund at the balance sheet date were £226 (2022: £226).


11.


Controlling party

The company is controlled by the director. 

 
Page 8