Featured Ltd 10247337 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Online advertising Digita Accounts Production Advanced 6.30.9574.0 true false true true true false false 10247337 2022-08-01 2023-07-31 10247337 2023-07-31 10247337 bus:OrdinaryShareClass1 2023-07-31 10247337 core:RetainedEarningsAccumulatedLosses 2023-07-31 10247337 core:ShareCapital 2023-07-31 10247337 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-07-31 10247337 core:CurrentFinancialInstruments 2023-07-31 10247337 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10247337 core:Non-currentFinancialInstruments 2023-07-31 10247337 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 10247337 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-07-31 10247337 bus:SmallEntities 2022-08-01 2023-07-31 10247337 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10247337 bus:AbridgedAccounts 2022-08-01 2023-07-31 10247337 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10247337 bus:RegisteredOffice 2022-08-01 2023-07-31 10247337 bus:Director1 2022-08-01 2023-07-31 10247337 bus:Director2 2022-08-01 2023-07-31 10247337 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10247337 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10247337 core:Associate1 2022-08-01 2023-07-31 10247337 core:Associate1 countries:AllCountries 2022-08-01 2023-07-31 10247337 core:Associate2 2022-08-01 2023-07-31 10247337 core:Associate2 countries:AllCountries 2022-08-01 2023-07-31 10247337 core:Associate3 2022-08-01 2023-07-31 10247337 core:Associate3 countries:AllCountries 2022-08-01 2023-07-31 10247337 core:ComputerSoftware 2022-08-01 2023-07-31 10247337 core:ComputerEquipment 2022-08-01 2023-07-31 10247337 core:Subsidiary1 2022-08-01 2023-07-31 10247337 core:Subsidiary1 1 2022-08-01 2023-07-31 10247337 core:Subsidiary1 countries:England 2022-08-01 2023-07-31 10247337 core:Subsidiary2 2022-08-01 2023-07-31 10247337 core:Subsidiary2 1 2022-08-01 2023-07-31 10247337 core:Subsidiary2 countries:England 2022-08-01 2023-07-31 10247337 core:Subsidiary3 2022-08-01 2023-07-31 10247337 core:Subsidiary3 1 2022-08-01 2023-07-31 10247337 core:Subsidiary3 countries:England 2022-08-01 2023-07-31 10247337 core:Subsidiary4 2022-08-01 2023-07-31 10247337 core:Subsidiary4 1 2022-08-01 2023-07-31 10247337 core:Subsidiary4 countries:England 2022-08-01 2023-07-31 10247337 countries:AllCountries 2022-08-01 2023-07-31 10247337 2022-07-31 10247337 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 10247337 2021-08-01 2022-07-31 10247337 2022-07-31 10247337 bus:OrdinaryShareClass1 2022-07-31 10247337 core:RetainedEarningsAccumulatedLosses 2022-07-31 10247337 core:ShareCapital 2022-07-31 10247337 core:CurrentFinancialInstruments 2022-07-31 10247337 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10247337 core:Non-currentFinancialInstruments 2022-07-31 10247337 core:Associate1 2021-08-01 2022-07-31 10247337 core:Associate2 2021-08-01 2022-07-31 10247337 core:Associate3 2021-08-01 2022-07-31 10247337 core:Subsidiary1 1 2021-08-01 2022-07-31 10247337 core:Subsidiary2 1 2021-08-01 2022-07-31 10247337 core:Subsidiary3 1 2021-08-01 2022-07-31 10247337 core:Subsidiary4 1 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10247337

Featured Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Featured Ltd

Directors' Report for the Year Ended 31 July 2023

The directors present their report and the abridged financial statements for the year ended 31 July 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Bradley Paul McKenny

Mr Peter James Watson

Principal activity

The principal activity of the company is Online advertising

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 January 2024 and signed on its behalf by:
 

.........................................
Mr Bradley Paul McKenny
Director

.........................................
Mr Peter James Watson
Director

 

Featured Ltd

(Registration number: 10247337)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

600

-

Investments

6

467

497

Other financial assets

7

55,549

55,549

 

56,616

56,046

Current assets

 

Debtors

8

671,799

110,389

Cash at bank and in hand

 

176,162

4,878

 

847,961

115,267

Prepayments and accrued income

 

10,000

10,000

Creditors: Amounts falling due within one year

(45,403)

(223)

Net current assets

 

812,558

125,044

Total assets less current liabilities

 

869,174

181,090

Accruals and deferred income

 

(275,400)

(400)

Net assets

 

593,774

180,690

Capital and reserves

 

Called up share capital

9

100

200

Retained earnings

593,674

180,490

Shareholders' funds

 

593,774

180,690

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Featured Ltd

(Registration number: 10247337)
Abridged Balance Sheet as at 31 July 2023

Approved and authorised by the Board on 7 January 2024 and signed on its behalf by:
 

.........................................
Mr Bradley Paul McKenny
Director

.........................................
Mr Peter James Watson
Director

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

These financial statements were authorised for issue by the Board on 7 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Depreciation

Asset class

Depreciation method and rate

Computer equipment

33.3% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Domain

20% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Amortisation expense

900

600

Impairment loss

-

8,351

Income from shares in group undertakings

(385,945)

-

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

5

Intangible assets

Total
£

Cost or valuation

At 1 August 2022

3,000

Additions acquired separately

1,500

At 31 July 2023

4,500

Amortisation

At 1 August 2022

3,000

Amortisation charge

900

At 31 July 2023

3,900

Carrying amount

At 31 July 2023

600

6

Investments

Total
£

Cost or valuation

At 1 August 2022

497

Disposals

(30)

At 31 July 2023

467

Provision

Carrying amount

At 31 July 2023

467

At 31 July 2022

497

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

2023
£

2022
£

Aggregate financial information of associates

2023
£

2022
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Suspense Ltd

Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

England

Ordinary Shares of £1 each

100%

100%

Fletcher Longstaff Limited

Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

England

Ordinary Shares of £1 each

67%

67%

Distract Ltd

Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

England

Ordinary shares

100%

100%

To Let Limited

Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

England

Ordinary

100%

100%

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Associates

Rippled Limited

Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

Ordinary Shares of £1 each

0%

30%

 

England

     

Tives Ltd

Unit 15
Witham Park House
Waterside South
Lincoln
LN5 7JN

Ordinary Shares of £1 each

50%

50%

 

England

     

Certified Health Ltd

Unit 15,
Witham Park House
Waterside South
Lincoln
LN5 7JN

Ordinary shares of £1 each

50%

50%

 

England

     

Subsidiary undertakings

Suspense Ltd

The principal activity of Suspense Ltd is Online sales.

Fletcher Longstaff Limited

The principal activity of Fletcher Longstaff Limited is Solicitors.

Distract Ltd

The principal activity of Distract Ltd is Digital Marketing Agency .

To Let Limited

The principal activity of To Let Limited is Dormant.

 

Featured Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Associates

Rippled Limited

The principal activity of Rippled Limited is Financial Intermediary.

Tives Ltd

The principal activity of Tives Ltd is Recruitment Agency.

Certified Health Ltd

The principal activity of Certified Health Ltd is Pharmaceuticals.

7

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 August 2022

55,549

55,549

At 31 July 2023

55,549

55,549

Impairment

Carrying amount

At 31 July 2023

55,549

55,549

8

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.10 each

1,000

100

1,000

100