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Company No: 05062819 (England and Wales)

FEAST CREATIVE LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

FEAST CREATIVE LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

FEAST CREATIVE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
FEAST CREATIVE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 5 42,273 29,922
42,273 29,922
Current assets
Debtors 6 167,945 212,264
Cash at bank and in hand 801,125 499,880
969,070 712,144
Creditors: amounts falling due within one year 7 ( 301,206) ( 182,186)
Net current assets 667,864 529,958
Total assets less current liabilities 710,137 559,880
Net assets 710,137 559,880
Capital and reserves
Called-up share capital 8 1,004 1,004
Profit and loss account 709,133 558,876
Total shareholders' funds 710,137 559,880

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Feast Creative Limited (registered number: 05062819) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Simon Williams
Director

02 April 2025

FEAST CREATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
FEAST CREATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Feast Creative Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 12 - 13, Pratt Mews, London, NW1 0AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 25 % reducing balance
Office equipment 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 13 10

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 30 September 2024 of £178,000 (2023: £134,000) 178,000 134,000

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 16,000 16,000
At 30 September 2024 16,000 16,000
Accumulated amortisation
At 01 October 2023 16,000 16,000
At 30 September 2024 16,000 16,000
Net book value
At 30 September 2024 0 0
At 30 September 2023 0 0

5. Tangible assets

Land and buildings Plant and machinery Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 October 2023 11,940 41,196 42,987 157,674 253,797
Additions 0 0 1,220 18,734 19,954
At 30 September 2024 11,940 41,196 44,207 176,408 273,751
Accumulated depreciation
At 01 October 2023 11,940 38,369 38,605 134,961 223,875
Charge for the financial year 0 707 936 5,960 7,603
At 30 September 2024 11,940 39,076 39,541 140,921 231,478
Net book value
At 30 September 2024 0 2,120 4,666 35,487 42,273
At 30 September 2023 0 2,827 4,382 22,713 29,922

6. Debtors

2024 2023
£ £
Trade debtors 141,816 185,476
Other debtors 26,129 26,788
167,945 212,264

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,816 636
Taxation and social security 218,898 157,761
Other creditors 75,492 23,789
301,206 182,186

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 0.01 each 1,000 1,000
1 Ordinary B share of £ 1.00 1 1
1 Ordinary C share of £ 1.00 1 1
2 Ordinary D shares of £ 1.00 each 2 2
1,004 1,004