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REGISTERED NUMBER: 11596675 (England and Wales)


Feel Good Investments Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Feel Good Investments Limited (Registered number: 11596675)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Feel Good Investments Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr O Remzi
Miss J Giles





REGISTERED OFFICE: 6 Buckston Browne Gardens (POST ONLY)
West Hill
Orpington
Kent
BR6 7FF





REGISTERED NUMBER: 11596675 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Feel Good Investments Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors 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 Feel Good Investments Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position 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 Board of Directors of Feel Good Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Feel Good Investments Limited and state those matters that we have agreed to state to the Board of Directors of Feel Good Investments Limited, as a body, 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 Feel Good Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Feel Good Investments 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 Feel Good Investments Limited. You consider that Feel Good Investments 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 Feel Good Investments 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


14 November 2024

Feel Good Investments Limited (Registered number: 11596675)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,529,661 892,301
Cash at bank 5,871 526,373
1,535,532 1,418,674
CREDITORS
Amounts falling due within one year 5 1,120,488 1,141,409
NET CURRENT ASSETS 415,044 277,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,044

277,265

CREDITORS
Amounts falling due after more than one
year

6

10,330

17,047
NET ASSETS 404,714 260,218

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 404,614 260,118
SHAREHOLDERS' FUNDS 404,714 260,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Feel Good Investments Limited (Registered number: 11596675)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr O Remzi - Director


Feel Good Investments Limited (Registered number: 11596675)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Feel Good Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
The major income generating source and their recognition principle is described below:

* Interest income from loans are recognised on an accruals basis using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 199,661 62,301

Amounts falling due after more than one year:
Other debtors 1,330,000 830,000

Aggregate amounts 1,529,661 892,301

Feel Good Investments Limited (Registered number: 11596675)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. DEBTORS - continued

LOANS ADVANCED

Following loans are advanced to borrowers by the company (Lender):

1. Portofino London Ltd £830,000.00

2. Grip Holding Ltd £500,000.00

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 6,420 6,121
Trade creditors - 960
Taxation and social security 48,165 11,077
Other creditors 1,065,903 1,123,251
1,120,488 1,141,409

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 7) 10,330 17,047

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,330 17,047

7. LOANS

Bounce back loan

Government -backed loan.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Feel Good Investments Limited (Registered number: 11596675)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 260,118
Profit for the year 144,496
At 31 March 2024 404,614

10. RELATED PARTY DISCLOSURES

Transactions with members of key management personnel:

At balance sheet date, company owe £529,943 (2023:£592,291) to related parties. An interest free loan payable on demand and presented within creditors' note.

Entities with control, joint control or significant influence over the entity

At balance sheet date, company owe £535,000 (2023:£530,000) to related party. An interest free loan payable on demand and presented within creditors' note.