Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01retail of ladies fashion44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09216803 2023-04-01 2024-03-31 09216803 2022-04-01 2023-03-31 09216803 2024-03-31 09216803 2023-03-31 09216803 c:Director1 2023-04-01 2024-03-31 09216803 d:CurrentFinancialInstruments 2024-03-31 09216803 d:CurrentFinancialInstruments 2023-03-31 09216803 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09216803 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09216803 d:ShareCapital 2024-03-31 09216803 d:ShareCapital 2023-03-31 09216803 d:RetainedEarningsAccumulatedLosses 2024-03-31 09216803 d:RetainedEarningsAccumulatedLosses 2023-03-31 09216803 c:OrdinaryShareClass2 2023-04-01 2024-03-31 09216803 c:OrdinaryShareClass2 2024-03-31 09216803 c:OrdinaryShareClass2 2023-03-31 09216803 c:OrdinaryShareClass3 2023-04-01 2024-03-31 09216803 c:OrdinaryShareClass3 2024-03-31 09216803 c:OrdinaryShareClass3 2023-03-31 09216803 c:FRS102 2023-04-01 2024-03-31 09216803 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09216803 c:FullAccounts 2023-04-01 2024-03-31 09216803 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09216803 d:WithinOneYear 2024-03-31 09216803 d:WithinOneYear 2023-03-31 09216803 d:BetweenOneFiveYears 2024-03-31 09216803 d:BetweenOneFiveYears 2023-03-31 09216803 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09216803









OCTUBRE 21ST LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
OCTUBRE 21ST LIMITED
REGISTERED NUMBER: 09216803

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
14,335
14,335

Debtors: amounts falling due within one year
 4 
13,148
11,446

Cash at bank and in hand
  
15,097
27,002

  
42,580
52,783

Creditors: amounts falling due within one year
 5 
(35,684)
(34,708)

Net current assets
  
 
 
6,896
 
 
18,075

Total assets less current liabilities
  
6,896
18,075

  

Net assets
  
6,896
18,075


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
6,894
18,073

  
6,896
18,075

Page 1

 
OCTUBRE 21ST LIMITED
REGISTERED NUMBER: 09216803
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 on 20 January 2025.




Shahida Perveen
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OCTUBRE 21ST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Stanley House, 27 Wellington Road, Bilston, West Midlands, WV14 6AH. The principal activity of the company continues to be that of retail of ladies fashion.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction 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

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

 
OCTUBRE 21ST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
OCTUBRE 21ST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
11,430
7,950

Other debtors
1,050
2,828

Prepayments and accrued income
668
668

13,148
11,446



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,110
3,514

Corporation tax
-
30

Other taxation and social security
1,279
5,725

Other creditors
24,995
20,982

Accruals and deferred income
2,300
4,457

35,684
34,708


Page 5

 
OCTUBRE 21ST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) A ordinary share of £1.00
1
1
1 (2023 - 1) B ordinary share of £1.00
1
1

2

2



7.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
13,500
13,500

Later than 1 year and not later than 5 years
6,750
20,250

20,250
33,750


8.


Controlling party

The controlling interest in the company is held by Shahida Perveen and Jonathan Davies.

 
Page 6