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REGISTERED NUMBER: 12065375 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024

FOR

MY SECRET FAIRY (FRANCHISING) LIMITED

MY SECRET FAIRY (FRANCHISING) LIMITED (REGISTERED NUMBER: 12065375)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MY SECRET FAIRY (FRANCHISING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTOR: Mrs D Roper





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 12065375 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

MY SECRET FAIRY (FRANCHISING) LIMITED (REGISTERED NUMBER: 12065375)

BALANCE SHEET
30 MARCH 2024

30/3/24 30/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 72

CURRENT ASSETS
Debtors 5 6,390 6,583
Cash at bank 187 47
6,577 6,630
CREDITORS
Amounts falling due within one year 6 29,718 26,604
NET CURRENT LIABILITIES (23,141 ) (19,974 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,141

)

(19,902

)

CREDITORS
Amounts falling due after more than one
year

7

4,000

8,063
NET LIABILITIES (27,141 ) (27,965 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (27,241 ) (28,065 )
SHAREHOLDERS' FUNDS (27,141 ) (27,965 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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.

MY SECRET FAIRY (FRANCHISING) LIMITED (REGISTERED NUMBER: 12065375)

BALANCE SHEET - continued
30 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 director and authorised for issue on 30 January 2025 and were signed by:





Mrs D Roper - Director


MY SECRET FAIRY (FRANCHISING) LIMITED (REGISTERED NUMBER: 12065375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1. STATUTORY INFORMATION

My Secret Fairy (Franchising) 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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.

Going concern
The Director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

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

MY SECRET FAIRY (FRANCHISING) LIMITED (REGISTERED NUMBER: 12065375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 31 March 2023
and 30 March 2024 465
DEPRECIATION
At 31 March 2023 393
Charge for year 72
At 30 March 2024 465
NET BOOK VALUE
At 30 March 2024 -
At 30 March 2023 72

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/3/24 30/3/23
£    £   
Deferred tax asset 6,390 6,583

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/3/24 30/3/23
£    £   
Bank loans and overdrafts 5,013 6,483
Trade creditors 208 207
Other creditors 17,265 18,630
Directors' current accounts 7,232 1,284
29,718 26,604

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/3/24 30/3/23
£    £   
Bank loans - 1-2 years 3,000 4,563
Bank loans - 2-5 years 1,000 3,500
4,000 8,063

8. RELATED PARTY DISCLOSURES

QP13 Limited, a company registered in England and Wales, is considered a related party by virtue of common control.

During the period, sales totalling £1,800 were made to QP13 Limited and monies totalling £435 (2023: £15,280) were loaned to the company from QP13 Limited.

As at 30 March 2024, the company owed £17,265 to QP13 Limited (2023: £18,630).

The loan is repayable on demand and no interest has been charged.