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REGISTERED NUMBER: 04551948 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOMETHING FRENCH LIMITED

SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMETHING FRENCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr SR Jacques
Mrs SM Jacques





SECRETARY: Mr SR Jacques





REGISTERED OFFICE: 20 Centurion Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WH





REGISTERED NUMBER: 04551948 (England and Wales)

SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,761
Investment property 5 200,000 350,000
200,000 355,761

CURRENT ASSETS
Debtors 6 - 839
Cash at bank 6,139 4,043
6,139 4,882
CREDITORS
Amounts falling due within one year 7 148,491 108,119
NET CURRENT LIABILITIES (142,352 ) (103,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,648

252,524

PROVISIONS FOR LIABILITIES - 21,269
NET ASSETS 57,648 231,255

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve - 59,815
Retained earnings 57,548 171,340
SHAREHOLDERS' FUNDS 57,648 231,255

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.

SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

BALANCE SHEET - 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.

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 25 October 2024 and were signed on its behalf by:




Mr SR Jacques - Director



Mrs SM Jacques - Director


SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Something French 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents fees receivable for management services provided which are recognised in the period to which they relate. Rental income is recognised over the period that the rental properties are rented out. Amounts receivable for sales of services are provided in the normal course of business, net of discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Mobile homes - 15% on reducing balance

Investment property
Investment properties are initially included at cost at date of acquisition plus subsequent additions. Then at each reporting date shall be measured at fair value with changes in fair value recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

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.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Mobile
machinery fittings homes Totals
£    £    £    £   
COST
At 1 April 2023 17,863 33,727 9,875 61,465
Disposals (17,863 ) (33,727 ) (9,875 ) (61,465 )
At 31 March 2024 - - - -
DEPRECIATION
At 1 April 2023 16,584 29,799 9,321 55,704
Charge for year 192 589 83 864
Eliminated on disposal (16,776 ) (30,388 ) (9,404 ) (56,568 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 1,279 3,928 554 5,761

SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 350,000
Additions 39,320
Revaluations (189,320 )
At 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 200,000
At 31 March 2023 350,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 241,990
Valuation in 2023 108,010
Valuation in 2024 (150,000 )
200,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 309,536 270,217

Investment property was valued on a fair value basis on 31 March 2024 by Cazin Immobilier SARL .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,108 -
Other creditors 147,383 108,119
148,491 108,119

SOMETHING FRENCH LIMITED (REGISTERED NUMBER: 04551948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. RELATED PARTY DISCLOSURES

During the year the company invoiced services in the normal course of business to related parties amounting to £13,204 (2023: £NIL). At the year end £144,535 (2023: £99,923) was owed to related parties.

The balance owed by the company to the Directors on their current account amounted to £903 at 31 March 2024 (2023: £183).