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REGISTERED NUMBER: 12109506 (England and Wales)


















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Michele Sherrie Couture Limited

Michele Sherrie Couture Limited (Registered number: 12109506)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Michele Sherrie Couture Limited (Registered number: 12109506)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,204 -
Investment property 5 - 585,628
1,204 585,628

CURRENT ASSETS
Debtors 6 789,717 854
Cash at bank 33,139 74,307
822,856 75,161
CREDITORS
Amounts falling due within one year 7 (170,403 ) (38,344 )
NET CURRENT ASSETS 652,453 36,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,657

622,445

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 585,528 585,528
Retained earnings 67,929 36,717
653,657 622,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:



Ms M S Hope - Director


Michele Sherrie Couture Limited (Registered number: 12109506)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Michele Sherrie Couture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12109506

Registered office: 20 Wenlock Road
London
N1 7GU

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents rental income receivable for the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Michele Sherrie Couture Limited (Registered number: 12109506)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,797
At 28 February 2023 1,797
DEPRECIATION
Charge for year 593
At 28 February 2023 593
NET BOOK VALUE
At 28 February 2023 1,204

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 585,628
Disposals (585,628 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 585,628

The investment property was valued on a fair value basis by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 786,080 -
Other debtors 3,637 854
789,717 854

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,776 310
Amounts owed to related parties 15,238 17,281
Taxation and social security 135,526 4,931
Other creditors 12,863 15,822
170,403 38,344