Company registration number:
11214961
Feliscity Ltd
Unaudited filleted financial statements
31 December 2024
Feliscity Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Feliscity Ltd
Directors and other information
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Directors |
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Mr Graeme Kevin Baker |
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Ms Janne Mathisen |
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Company number |
11214961 |
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Registered office |
Hartdene house |
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Bridge Road |
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Bagshot |
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Surrey |
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Feliscity Ltd
Statement of financial position
31 December 2024
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31/12/24 |
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30/06/24 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Stocks |
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25,000 |
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1,000 |
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Debtors |
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5 |
3,798,161 |
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3,686,043 |
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Investments |
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6 |
2,545 |
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2,545 |
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Cash at bank and in hand |
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151,215 |
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30,009 |
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_______ |
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_______ |
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3,976,921 |
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3,719,597 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
853,819) |
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(
425,673) |
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_______ |
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_______ |
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Net current assets |
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3,123,102 |
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3,293,924 |
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_______ |
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Total assets less current liabilities |
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3,123,102 |
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3,293,924 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
4,608,151) |
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(
4,390,665) |
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_______ |
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_______ |
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Net liabilities |
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(
1,485,049) |
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(
1,096,741) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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3,947 |
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3,947 |
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Share premium account |
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1,424,414 |
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1,424,414 |
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Profit and loss account |
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(
2,913,410) |
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(
2,525,102) |
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_______ |
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Shareholders deficit |
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(
1,485,049) |
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(
1,096,741) |
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_______ |
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For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 August 2025
, and are signed on behalf of the board by:
Mr Graeme Kevin Baker
Director
Company registration number:
11214961
Feliscity Ltd
Statement of changes in equity
Period ended 31 December 2024
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Called up share capital |
Share premium account |
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Profit and loss account |
Total |
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£ |
£ |
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£ |
£ |
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At 1 July 2023 |
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3,840 |
1,424,414 |
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(
1,911,718) |
(
483,464) |
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Loss for the period |
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(
613,384) |
(
613,384) |
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_______ |
_______ |
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_______ |
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Total comprehensive income for the period |
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- |
- |
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(
613,384) |
(
613,384) |
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Issue of shares |
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107 |
- |
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107 |
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At 30 June 2024 and 1 July 2024 |
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3,947 |
1,424,414 |
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(2,525,103) |
(1,096,742) |
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Loss for the period |
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(
388,307) |
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388,307) |
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_______ |
_______ |
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At 31 December 2024 |
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3,947 |
1,424,414 |
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(
2,913,410) |
(
1,485,049) |
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_______ |
_______ |
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Feliscity Ltd
Notes to the financial statements
Period ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Hartdene house, Bridge Road, Bagshot, Surrey.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 401 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is not established under the law of any part of the United Kingdom.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2024:
1
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5.
Debtors
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31/12/24 |
30/06/24 |
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£ |
£ |
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Trade debtors |
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7,489 |
5,826 |
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Other debtors |
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3,790,672 |
3,680,217 |
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_______ |
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3,798,161 |
3,686,043 |
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_______ |
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The debtors above include the following amounts falling due after more than one year:
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31/12/24 |
30/06/24 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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3,790,672 |
3,679,160 |
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_______ |
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$4,816,806 is due from Feliscity Nutrition Inc, a fellow subsidiary of the holding company EO3 Drink Company Inc. (2023 $4,684,307)
6.
Investments
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31/12/24 |
30/06/24 |
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£ |
£ |
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Investments in group undertakings |
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2,545 |
2,545 |
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7.
Creditors: amounts falling due within one year
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31/12/24 |
30/06/24 |
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£ |
£ |
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Bank loans and overdrafts |
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849,110 |
399,365 |
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Trade creditors |
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2,023 |
11,503 |
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Social security and other taxes |
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186 |
- |
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Other creditors |
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2,500 |
14,805 |
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_______ |
_______ |
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853,819 |
425,673 |
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_______ |
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8.
Creditors: amounts falling due after more than one year
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31/12/24 |
30/06/24 |
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£ |
£ |
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Other creditors |
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4,608,151 |
4,390,665 |
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Long term creditors represents $5,855,578 of Convertible Loan Notes bearing interest at 9% pa compounding semi-annually. The loan notes are held by the Holding Company EO3 Drink Company Inc which owns 100% of the Share Capital of
Feliscity Ltd
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9.
Controlling party
100% of the share capital of the company is owned by The EO3 Drink Company Inc, a Delaware, USA registered company.