Registered number
10620605
Modeste London Limited
Filleted Accounts
28 February 2025
Modeste London Limited
Registered number: 10620605
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 51 102
Current assets
Debtors 4 633 686
Cash at bank and in hand 3,093 457
3,726 1,143
Creditors: amounts falling due within one year 5 (4,827) (1,240)
Net current liabilities (1,101) (97)
Net (liabilities)/assets (1,050) 5
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,051) 4
Shareholder's funds (1,050) 5
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sheree Modeste
Director
Approved by the board on 28 April 2025
Modeste London Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 3,040
At 28 February 2025 3,040
Depreciation
At 1 March 2024 2,938
Charge for the year 51
At 28 February 2025 2,989
Net book value
At 28 February 2025 51
At 29 February 2024 102
4 Debtors 2025 2024
£ £
Other debtors 633 686
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs - (2,074)
Other creditors 4,827 3,314
4,827 1,240
6 Controlling party
The company is controlled by the director, Sheree Modeste who also owns all of the issued shares in the company.
7 Other information
Modeste London Limited is a private company limited by shares and incorporated in England. Its registered office is:
36 Essendine Mansions
Essendine Road
Maida Vale
London
W9 2LU
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