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REGISTERED NUMBER: 10335841 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FLUFFY IDEAS LTD

FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLUFFY IDEAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs S Zhang
Mr Y Liu





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 10335841 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,594 84,273
Investments 5 100 100
Investment property 6 544,208 544,208
547,902 628,581

CURRENT ASSETS
Debtors 7 300,794 395,671
Cash at bank 175,137 294,865
475,931 690,536
CREDITORS
Amounts falling due within one year 8 (1,042,345 ) (1,230,560 )
NET CURRENT LIABILITIES (566,414 ) (540,024 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,512 ) 88,557

PROVISIONS FOR LIABILITIES 9 (899 ) (16,012 )
NET (LIABILITIES)/ASSETS (19,411 ) 72,545

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings (20,411 ) 71,545
SHAREHOLDERS' FUNDS (19,411 ) 72,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:




Mrs S Zhang - Director



Mr Y Liu - Director


FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Fluffy Ideas Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the balance sheet date there are net current liabilities of £566,414 (2023: £540,024). The directors have indicated that they will not seek repayments of their loans until the company is in a position to do so.

Therefore in the opinion of the directors, the going concern basis is applicable in the preparation of these financial statements.

Turnover
Turnover is rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Fixed asset investments are valued at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 11,587 141,300 152,887
Disposals - (141,300 ) (141,300 )
At 31 August 2024 11,587 - 11,587
DEPRECIATION
At 1 September 2023 6,795 61,819 68,614
Charge for year 1,198 - 1,198
Eliminated on disposal - (61,819 ) (61,819 )
At 31 August 2024 7,993 - 7,993
NET BOOK VALUE
At 31 August 2024 3,594 - 3,594
At 31 August 2023 4,792 79,481 84,273

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 544,208
NET BOOK VALUE
At 31 August 2024 544,208
At 31 August 2023 544,208

Investment properties were valued on an open market basis and the directors considers this to be the fair value at balance sheet date.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 (62,864 )
Cost 607,072
544,208

7. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors - 1,232
Other debtors 300,794 1,819
300,794 3,051

Amounts falling due after more than one year:
Other debtors - 392,620

Aggregate amounts 300,794 395,671

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - 2
Taxation and social security - 815
Other creditors 1,042,345 1,229,743
1,042,345 1,230,560

FLUFFY IDEAS LTD (REGISTERED NUMBER: 10335841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 899 16,012

Deferred
tax
£   
Balance at 1 September 2023 16,012
Provided during year (15,113 )
Balance at 31 August 2024 899

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary £1 1,000 1,000