Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-04-01The principal activity continues to be that of wholesale supply of perfume and cosmetic goods.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false11truetruefalse 13976244 2023-04-01 2023-12-31 13976244 2022-03-15 2023-03-31 13976244 2023-12-31 13976244 2023-03-31 13976244 c:Director1 2023-04-01 2023-12-31 13976244 d:CurrentFinancialInstruments 2023-12-31 13976244 d:CurrentFinancialInstruments 2023-03-31 13976244 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13976244 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13976244 d:ShareCapital 2023-12-31 13976244 d:ShareCapital 2022-03-15 2023-03-31 13976244 d:ShareCapital 2023-03-31 13976244 d:RetainedEarningsAccumulatedLosses 2023-04-01 2023-12-31 13976244 d:RetainedEarningsAccumulatedLosses 2023-12-31 13976244 d:RetainedEarningsAccumulatedLosses 2022-03-15 2023-03-31 13976244 d:RetainedEarningsAccumulatedLosses 2023-03-31 13976244 c:FRS102 2023-04-01 2023-12-31 13976244 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 13976244 c:FullAccounts 2023-04-01 2023-12-31 13976244 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 13976244 e:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13976244










R FERN LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 9 MONTHS ENDED 31 DECEMBER 2023

 
R FERN LTD
REGISTERED NUMBER: 13976244

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 March
2023
2023
Note
£
£

  

Current assets
  

Stocks
  
98,278
66,219

Debtors: amounts falling due within one year
 4 
19,693
47,692

Cash at bank and in hand
 5 
4,403
397

  
122,374
114,308

Creditors: amounts falling due within one year
 6 
(272,326)
(144,735)

Net current liabilities
  
 
 
(149,952)
 
 
(30,427)

Total assets less current liabilities
  
(149,952)
(30,427)

  

Net liabilities
  
(149,952)
(30,427)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(149,953)
(30,428)

  
(149,952)
(30,427)


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 9 months in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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: 




Page 1

 
R FERN LTD
REGISTERED NUMBER: 13976244
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

T Golueke
Director

Date: 16 April 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
R FERN LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 9 MONTHS ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period
-
(30,428)
(30,428)

Shares issued during the period
1
-
1



At 1 April 2023
1
(30,428)
(30,427)



Loss for the 9 months
-
(119,525)
(119,525)


At 31 December 2023
1
(149,953)
(149,952)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
R FERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2023

1.


General information

R Fern Ltd (13976244) is a private company limited by shares and incorporated in England and Wales. The registered office is 14th Floor 33, Cavendish Square, London, W1G 0PW.

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

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

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.

 
2.4

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
R FERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 5

 
R FERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the 9 months was 1 (2023 - 1).


4.


Debtors

31 December
31 March
2023
2023
£
£


Trade debtors
15,946
42,262

Other debtors
3,746
5,429

Called up share capital not paid
1
1

19,693
47,692



5.


Cash and cash equivalents

31 December
31 March
2023
2023
£
£

Cash at bank and in hand
4,403
397


Page 6

 
R FERN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

31 December
31 March
2023
2023
£
£

Trade creditors
728
-

Amounts owed to group undertakings
266,186
142,235

Accruals and deferred income
5,412
2,500

272,326
144,735



7.


Related party transactions

Included within other creditors due within one year is £266,186 (31 March 2023 - £142,235) due to a company under common control. This is interest free and repayable on demand.

 
Page 7