Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312falsetrue02023-01-08short term and hoilday letsfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14577337 2023-01-07 14577337 2023-01-08 2024-01-31 14577337 2022-01-08 2023-01-07 14577337 2024-01-31 14577337 c:Director1 2023-01-08 2024-01-31 14577337 d:FurnitureFittings 2023-01-08 2024-01-31 14577337 d:FurnitureFittings 2024-01-31 14577337 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-08 2024-01-31 14577337 d:CurrentFinancialInstruments 2024-01-31 14577337 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14577337 d:ShareCapital 2024-01-31 14577337 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 14577337 c:OrdinaryShareClass1 2023-01-08 2024-01-31 14577337 c:OrdinaryShareClass1 2024-01-31 14577337 c:FRS102 2023-01-08 2024-01-31 14577337 c:AuditExempt-NoAccountantsReport 2023-01-08 2024-01-31 14577337 c:FullAccounts 2023-01-08 2024-01-31 14577337 c:PrivateLimitedCompanyLtd 2023-01-08 2024-01-31 14577337 e:PoundSterling 2023-01-08 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14577337









FELICITY'S PLACE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2024

 
FELICITY'S PLACE LTD
REGISTERED NUMBER: 14577337

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,125

  
1,125

Current assets
  

Cash at bank and in hand
 5 
4,781

  
4,781

Creditors: amounts falling due within one year
 6 
(5,904)

Net current (liabilities)/assets
  
 
 
(1,123)

Total assets less current liabilities
  
2

  

Net assets
  
2


Capital and reserves
  

Called up share capital 
 8 
2

  
2


Page 1

 
FELICITY'S PLACE LTD
REGISTERED NUMBER: 14577337
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 period 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 income and retained earnings 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 17 April 2024.




................................................
Rebecca Southgate
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FELICITY'S PLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the period was that of short term and holiday lets. The Company was incorporated on 8th January 2023 and commenced trading on 13th February 2023.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

 
2.4

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

 
FELICITY'S PLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

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.

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
FELICITY'S PLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,500



At 31 January 2024

1,500



Depreciation


Charge for the period on owned assets
375



At 31 January 2024

375



Net book value



At 31 January 2024
1,125


5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
4,781

4,781


Page 5

 
FELICITY'S PLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
673

Other creditors
4,466

Accruals and deferred income
765

5,904


Included in other creditors, is a directors' loan balance of £2,233 in relation to Rebecca Southgate and £2,233 in relation to Samantha Daubeney.


7.


Financial instruments

2024
£

Financial assets


Financial assets measured at fair value through profit or loss
4,781




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


8.


Share capital

2024
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


Upon incorporation, 2 Ordinary £1 shares were issued at par.


9.


Controlling party

There is no overall controlling party.

 
Page 6