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Company Registration No. 14022025 (England and Wales)
FAVOURITE GROUP LIMITED Unaudited accounts for the year ended 30 April 2024
FAVOURITE GROUP LIMITED Unaudited accounts Contents
Page
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FAVOURITE GROUP LIMITED Company Information for the year ended 30 April 2024
Director
IGNATIUS ISELOBHOR OTOIBHILI
Company Number
14022025 (England and Wales)
Registered Office
203 WATERPARK DRIVE LIVERPOOL L28 0QU ENGLAND
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FAVOURITE GROUP LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,065 
- 
Current assets
Cash at bank and in hand
1,185 
1,105 
Creditors: amounts falling due within one year
(1,200)
(3,150)
Net current liabilities
(15)
(2,045)
Net assets/(liabilities)
1,050 
(2,045)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,049 
(2,046)
Shareholders' funds
1,050 
(2,045)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
IGNATIUS ISELOBHOR OTOIBHILI Director Company Registration No. 14022025
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FAVOURITE GROUP LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
FAVOURITE GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14022025. The registered office is 203 WATERPARK DRIVE, LIVERPOOL, L28 0QU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
2
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
- 
Additions
1,331 
At 30 April 2024
1,331 
Depreciation
Charge for the year
266 
At 30 April 2024
266 
Net book value
At 30 April 2024
1,065 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
700 
- 
Loans from directors
- 
2,800 
Accruals
500 
350 
1,200 
3,150 
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FAVOURITE GROUP LIMITED Notes to the Accounts for the year ended 30 April 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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