IRIS Accounts Production v23.4.0.336 12573697 director 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125736972022-04-30125736972023-04-30125736972022-05-012023-04-30125736972021-04-30125736972021-05-012022-04-30125736972022-04-3012573697ns15:EnglandWales2022-05-012023-04-3012573697ns14:PoundSterling2022-05-012023-04-3012573697ns10:Director12022-05-012023-04-3012573697ns10:PrivateLimitedCompanyLtd2022-05-012023-04-3012573697ns10:SmallEntities2022-05-012023-04-3012573697ns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3012573697ns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3012573697ns10:SmallCompaniesRegimeForAccounts2022-05-012023-04-3012573697ns10:FullAccounts2022-05-012023-04-3012573697ns10:RegisteredOffice2022-05-012023-04-3012573697ns5:CurrentFinancialInstruments2023-04-3012573697ns5:CurrentFinancialInstruments2022-04-3012573697ns5:ShareCapital2023-04-3012573697ns5:ShareCapital2022-04-3012573697ns5:RetainedEarningsAccumulatedLosses2023-04-3012573697ns5:RetainedEarningsAccumulatedLosses2022-04-3012573697ns5:PlantMachinery2022-04-3012573697ns5:PlantMachinery2022-05-012023-04-3012573697ns5:PlantMachinery2023-04-3012573697ns5:PlantMachinery2022-04-3012573697ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012573697ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30125736971ns10:Director12022-04-30125736971ns10:Director12021-04-30125736971ns10:Director12022-05-012023-04-30125736971ns10:Director12021-05-012022-04-30125736971ns10:Director12023-04-30125736971ns10:Director12022-04-30
REGISTERED NUMBER: 12573697 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Villanelle Eldridge Ltd

Villanelle Eldridge Ltd (Registered number: 12573697)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Villanelle Eldridge Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr H Chen





REGISTERED OFFICE: 4th Floor 18 St. Cross Street
London
EC1N 8UN





REGISTERED NUMBER: 12573697 (England and Wales)





ACCOUNTANT: SDF Accountancy
30 Norman Road
London
SE10 9QX

Villanelle Eldridge Ltd (Registered number: 12573697)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 793 500

CURRENT ASSETS
Stocks - 75,214
Debtors 5 203,251 92,051
Cash at bank and in hand 2,710 134
205,961 167,399
CREDITORS
Amounts falling due within one year 6 193,578 159,328
NET CURRENT ASSETS 12,383 8,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,176

8,571

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 13,165 8,560
13,176 8,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Villanelle Eldridge Ltd (Registered number: 12573697)

Statement of Financial Position - continued
30 April 2023


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 30 April 2024 and were signed by:





Mr H Chen - Director


Villanelle Eldridge Ltd (Registered number: 12573697)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Villanelle Eldridge Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% straight-line method

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

Villanelle Eldridge Ltd (Registered number: 12573697)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loan and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Villanelle Eldridge Ltd (Registered number: 12573697)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilitie if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Villanelle Eldridge Ltd (Registered number: 12573697)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 1,000
Additions 724
At 30 April 2023 1,724
DEPRECIATION
At 1 May 2022 500
Charge for year 431
At 30 April 2023 931
NET BOOK VALUE
At 30 April 2023 793
At 30 April 2022 500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 21,119
Other debtors 203,251 70,932
203,251 92,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 989 12,558
Other creditors 192,589 146,770
193,578 159,328

Villanelle Eldridge Ltd (Registered number: 12573697)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
Mr H Chen
Balance outstanding at start of year (87,308 ) (82,469 )
Amounts advanced (60,142 ) (4,839 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (147,450 ) (87,308 )