Registration number: 03507766

Daisycrest Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Daisycrest Limited

Company Information

Directors

Mr P Edwards Ms N Yoshikawa

Registered office

9A Burroughs Gardens London NW4 4AU

Registered number

03507766

Accountants

Ripe LLP 9A Burroughs Gardens London NW4 4AU

Daisycrest Limited

(Registration number: 03507766)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	221	294
Current assets
Stocks	5	230,630	254,123
Debtors	6	45,744	99,260
Cash at bank and in hand		59	59
		276,433	353,442
Creditors: Amounts falling due within one year	7	(153,794)	(250,039)
Net current assets		122,639	103,403
Net assets		122,860	103,697
Capital and reserves
Called up share capital	8	14	14
Capital redemption reserve		86	86
Retained earnings		122,760	103,597
Shareholders' funds		122,860	103,697

Daisycrest Limited

(Registration number: 03507766)
Balance Sheet as at 28 February 2025

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 June 2025 and signed on its behalf by:
 

......................................... Mr P Edwards Director

......................................... Ms N Yoshikawa Director

Daisycrest Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9A Burroughs Gardens
London
NW4 4AU
England

The principal place of business is:
22 Airlie House,
17-18 Airlie Gardens,
London
W8 7AN
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Daisycrest Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold property	Straight line over the term of lease
Fixtures and fittings	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Daisycrest Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Daisycrest Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Operating leases

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

Daisycrest Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 29 February 2024	4,492	4,492
At 28 February 2025	4,492	4,492
Depreciation
At 29 February 2024	4,198	4,198
Charge for the period	73	73
At 28 February 2025	4,271	4,271
Carrying amount
At 28 February 2025	221	221
At 28 February 2024	294	294

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	230,630	254,123

6

Debtors

Current	2025 £	2024 £
Trade debtors	41,835	99,260
Other debtors	3,909	-
	45,744	99,260

Daisycrest Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings		41,408	83,990
Trade creditors		12,044	60,436
Taxation and social security		-	705
Accruals and deferred income		5,450	4,450
Other creditors		94,892	100,458
		153,794	250,039

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	14	14	14	14

9

Dividends

		2025		2024
		£		£
Interim dividend of £2,857.14 (2024 - £2,857.14) per ordinary share		40,000		40,000

10	Related party transactions

At the balance sheet date, the company owed £87,855 (2024 : £96,639) to the directors and shareholders of the company.