Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02102380 2023-01-01 2023-12-31 02102380 2022-01-01 2022-12-31 02102380 2023-12-31 02102380 2022-12-31 02102380 c:Director1 2023-01-01 2023-12-31 02102380 d:FurnitureFittings 2023-01-01 2023-12-31 02102380 d:FurnitureFittings 2023-12-31 02102380 d:FurnitureFittings 2022-12-31 02102380 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02102380 d:ComputerEquipment 2023-01-01 2023-12-31 02102380 d:ComputerEquipment 2023-12-31 02102380 d:ComputerEquipment 2022-12-31 02102380 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02102380 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02102380 d:CurrentFinancialInstruments 2023-12-31 02102380 d:CurrentFinancialInstruments 2022-12-31 02102380 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02102380 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02102380 d:ShareCapital 2023-12-31 02102380 d:ShareCapital 2022-12-31 02102380 d:RetainedEarningsAccumulatedLosses 2023-12-31 02102380 d:RetainedEarningsAccumulatedLosses 2022-12-31 02102380 c:FRS102 2023-01-01 2023-12-31 02102380 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02102380 c:FullAccounts 2023-01-01 2023-12-31 02102380 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02102380 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02102380









CHRISTINA FALLAH DESIGNS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CHRISTINA FALLAH DESIGNS LIMITED
REGISTERED NUMBER: 02102380

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,719
4,427

  
3,719
4,427

Current assets
  

Debtors: amounts falling due within one year
 5 
455
114,369

Cash at bank and in hand
 6 
227,973
146,900

  
228,428
261,269

Creditors: amounts falling due within one year
 7 
(45,500)
(71,045)

Net current assets
  
 
 
182,928
 
 
190,224

Total assets less current liabilities
  
186,647
194,651

  

Net assets
  
186,647
194,651


Capital and reserves
  

Called up share capital 
  
21,502
21,502

Profit and loss account
  
165,145
173,149

  
186,647
194,651


Page 1

 
CHRISTINA FALLAH DESIGNS LIMITED
REGISTERED NUMBER: 02102380
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 comprehensive income 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 7 August 2024.




C S Fallah
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHRISTINA FALLAH DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Christina Fallah Designs Limited is a private company, limited by shares, registered in England and Wales, with registration number 02102380. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CHRISTINA FALLAH DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

Page 4

 
CHRISTINA FALLAH DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

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
-
15% reducing balance
Computer equipment
-
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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
CHRISTINA FALLAH DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
40,560
2,674
43,234


Additions
-
5,762
5,762


Disposals
(37,179)
-
(37,179)



At 31 December 2023

3,381
8,436
11,817



Depreciation


At 1 January 2023
36,915
1,893
38,808


Charge for the year on owned assets
153
3,690
3,843


Disposals
(34,553)
-
(34,553)



At 31 December 2023

2,515
5,583
8,098



Net book value



At 31 December 2023
866
2,853
3,719



At 31 December 2022
3,646
781
4,427

Page 6

 
CHRISTINA FALLAH DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
101,252

Prepayments and accrued income
455
13,117

455
114,369



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
227,973
146,900

227,973
146,900



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
351
36,984

Corporation tax
4,898
25,438

Other taxation and social security
457
3,231

Other creditors
34,794
392

Accruals and deferred income
5,000
5,000

45,500
71,045



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,027 (2022 - £4,169). 

 
Page 7