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REGISTERED NUMBER: 12109506 (England and Wales)


















Unaudited Cessation Financial Statements

for the Year Ended 29 February 2024

for

Michele Sherrie Couture Limited

Michele Sherrie Couture Limited (Registered number: 12109506)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Michele Sherrie Couture Limited (Registered number: 12109506)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 1,204

CURRENT ASSETS
Debtors 5 354,563 789,717
Cash at bank 235,787 33,139
590,350 822,856
CREDITORS
Amounts falling due within one year 6 (4,622 ) (170,403 )
NET CURRENT ASSETS 585,728 652,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,728

653,657

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 585,528 585,528
Retained earnings - 67,929
585,728 653,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Michele Sherrie Couture Limited (Registered number: 12109506)

Balance Sheet - continued
29 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2024 and were signed by:





Ms M S Hope - Director


Michele Sherrie Couture Limited (Registered number: 12109506)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Michele Sherrie Couture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12109506

Registered office: 20 Wenlock Road
London
N1 7GU

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.

Turnover
Turnover represents rental income receivable for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Going concern
The company ceased trading on 29 February 2024, therefore the financial statements have been prepared on a cessation basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Michele Sherrie Couture Limited (Registered number: 12109506)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,797
Disposals (1,797 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 593
Eliminated on disposal (593 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 1,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 786,080
Amounts owed by related parties 352,464 -
Other debtors 2,099 3,637
354,563 789,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 6,776
Amounts owed to related parties - 15,238
Taxation and social security - 135,526
Other creditors 4,622 12,863
4,622 170,403

7. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Michele Hope By Design Limited, a private company, limited by shares, registered in England and Wales. Registered number is 12106594 and registered office is 20 Wenlock Road, London, England, N1 7GU.