Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-04-01false11truetruefalse 10704117 2023-04-01 2024-03-31 10704117 2022-04-01 2023-03-31 10704117 2024-03-31 10704117 2023-03-31 10704117 c:Director1 2023-04-01 2024-03-31 10704117 d:MotorVehicles 2023-04-01 2024-03-31 10704117 d:MotorVehicles 2024-03-31 10704117 d:MotorVehicles 2023-03-31 10704117 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 10704117 d:FreeholdInvestmentProperty 2024-03-31 10704117 d:FreeholdInvestmentProperty 2023-03-31 10704117 d:CurrentFinancialInstruments 2024-03-31 10704117 d:CurrentFinancialInstruments 2023-03-31 10704117 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10704117 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10704117 d:ShareCapital 2024-03-31 10704117 d:ShareCapital 2023-03-31 10704117 d:RetainedEarningsAccumulatedLosses 2024-03-31 10704117 d:RetainedEarningsAccumulatedLosses 2023-03-31 10704117 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10704117 c:OrdinaryShareClass1 2024-03-31 10704117 c:OrdinaryShareClass1 2023-03-31 10704117 c:FRS102 2023-04-01 2024-03-31 10704117 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10704117 c:FullAccounts 2023-04-01 2024-03-31 10704117 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10704117 2 2023-04-01 2024-03-31 10704117 6 2023-04-01 2024-03-31 10704117 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10704117









FINDING FABULOUS LONDON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FINDING FABULOUS LONDON LTD
REGISTERED NUMBER: 10704117

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
-
21,435

Investments
 5 
100,100
100,150

Investment property
 6 
503,342
507,542

  
603,442
629,127

Current assets
  

Debtors: amounts falling due within one year
 7 
5,370,965
5,269,998

Current asset investments
  
275,000
275,000

Cash at bank and in hand
 9 
408,239
657,731

  
6,054,204
6,202,729

Creditors: amounts falling due within one year
 10 
(5,698,495)
(6,095,721)

Net current assets
  
 
 
355,709
 
 
107,008

Total assets less current liabilities
  
959,151
736,135

  

Net assets
  
959,151
736,135


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
959,150
736,134

  
959,151
736,135


Page 1

 
FINDING FABULOUS LONDON LTD
REGISTERED NUMBER: 10704117
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 by: 




I Sterling
Director

Date: 22 January 2025

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

Page 2

 
FINDING FABULOUS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The entity is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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.

Page 3

 
FINDING FABULOUS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 4

 
FINDING FABULOUS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles

£





At 1 April 2023
28,580


Disposals
(28,580)



At 31 March 2024

-





At 1 April 2023
7,145


Disposals
(7,145)



At 31 March 2024

-



Net book value



At 31 March 2024
-



At 31 March 2023
21,435


5.


Fixed asset investments





Investments in participating interests
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2023
100
100,050
100,150


Disposals
-
(50)
(50)



At 31 March 2024
100
100,000
100,100




Page 5

 
FINDING FABULOUS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Investment property

£



Valuation


At 1 April 2023
507,542


Disposals
(4,200)



At 31 March 2024
503,342

The 2024 valuations were made by the director, on an open market value for existing use basis.








7.


Debtors

2024
2023
£
£


Other debtors
5,370,965
5,269,998

5,370,965
5,269,998



8.


Current asset investments

2024
2023
£
£

Unlisted investments
275,000
275,000

275,000
275,000



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
408,239
657,731

408,239
657,731


Page 6

 
FINDING FABULOUS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
5,559,380
6,003,564

Corporation tax
76,615
34,657

Other creditors
52,500
52,500

Accruals and deferred income
10,000
5,000

5,698,495
6,095,721



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 7