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REGISTERED NUMBER: 05144073 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Indian Summer (London) Limited

Indian Summer (London) Limited (Registered number: 05144073)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 3


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Indian Summer (London) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Indian Summer (London) Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Indian Summer (London) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Indian Summer (London) Limited and state those matters that we have agreed to state to the director of Indian Summer (London) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Indian Summer (London) Limited and its director for our work or for this report.

It is your duty to ensure that Indian Summer (London) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Indian Summer (London) Limited. You consider that Indian Summer (London) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Indian Summer (London) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


13 February 2024

Indian Summer (London) Limited (Registered number: 05144073)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,160 2,169

CURRENT ASSETS
Stocks 151,000 90,557
Debtors 5 8,062 24,144
Cash at bank 328,767 332,048
487,829 446,749
CREDITORS
Amounts falling due within one year 6 103,866 122,864
NET CURRENT ASSETS 383,963 323,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,123

326,054

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 387,121 326,052
387,123 326,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:





Ms R E M Green - Director


Indian Summer (London) Limited (Registered number: 05144073)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Indian Summer (London) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05144073 and its registered address is 624c Fulham Rd, Parsons Green, London, SW6 5R.

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. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is stated net of returns, after deducting discounts and markdowns, and is exclusive of value added tax. Revenue is recognised only when all significant risks and rewards of owership of goods have been transferred to the purchaser.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Indian Summer (London) Limited (Registered number: 05144073)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes payments to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 887 3,913 4,800
Additions - 2,609 2,609
At 31 May 2023 887 6,522 7,409
DEPRECIATION
At 1 June 2022 462 2,169 2,631
Charge for year 222 1,396 1,618
At 31 May 2023 684 3,565 4,249
NET BOOK VALUE
At 31 May 2023 203 2,957 3,160
At 31 May 2022 425 1,744 2,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 101 542
Other debtors 7,961 23,602
8,062 24,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 27,597 43,469
Taxation and social security 46,227 33,117
Other creditors 30,042 46,278
103,866 122,864

Indian Summer (London) Limited (Registered number: 05144073)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. RESERVES
Retained
earnings
£   

At 1 June 2022 326,052
Profit for the year 101,069
Dividends (40,000 )
At 31 May 2023 387,121