Registration number: 11628678

Posy and Akela Limited

Contents

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

Posy and Akela Limited

Company Information

Director

Mrs K L Ng

Company secretary

Mrs K L Ng

Registered office

Boxbush House High Street Bourton On The Water Cheltenham GL54 2AN

Accountants

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Posy and Akela Limited

(Registration number: 11628678)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	(As restated) 31 October 2023 £
Fixed assets
Intangible assets	4	3,750	-
Tangible assets	5	3,081,591	1,778,011
Investment property	6	3,593,363	3,129,114
Other financial assets	7	848,236	-
		7,526,940	4,907,125
Current assets
Stocks		13,652	-
Debtors	8	65,657	278,073
Cash at bank and in hand		94,209	72,265
		173,518	350,338
Creditors: Amounts falling due within one year	9	(7,773,340)	(5,382,418)
Net current liabilities		(7,599,822)	(5,032,080)
Total assets less current liabilities		(72,882)	(124,955)
Deferred tax liabilities	10	(82,434)	-
Net liabilities		(155,316)	(124,955)
Capital and reserves
Called up share capital		20	20
Retained earnings		(155,336)	(124,975)
Shareholders' deficit		(155,316)	(124,955)

For the financial 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.

Director's 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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2025
 

Mrs K L Ng
Company secretary and director

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

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:
Boxbush House
High Street
Bourton On The Water
Cheltenham
GL54 2AN

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will be able to continue trading in the foreseeable future. The shareholders have confirmed that amounts due to them in the twelve months from the date of approval of these financial statements will, if necessary, be deferred and, if required, further operational funds will be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

Reclassification of comparative amounts

The accounts have been restated to incorporate the impact of a misclassification of investment properties as fixed assets, and a missing liability owed to the shareholders of the company. The change has not impacted the profit of the prior year.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

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 and after eliminating sales within the company.

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.

Tax

The tax expense for the period comprises corporation tax and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

Separately acquired intangible assets are included at cost and amortised over their estimated useful economic life. Provision is made for any impairment.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	Straight line over 4 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

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. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. 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 debtors.

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.

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 all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 10 (2023 - 3).

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

4

Intangible assets

	Website  £	Total £
Cost
Additions	5,000	5,000
At 31 December 2024	5,000	5,000
Amortisation
Amortisation charge	1,250	1,250
At 31 December 2024	1,250	1,250
Carrying amount
At 31 December 2024	3,750	3,750

5

Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost
At 1 November 2023 (as restated)	1,775,852	2,701	1,778,553
Additions	1,106,293	215,798	1,322,091
At 31 December 2024	2,882,145	218,499	3,100,644
Depreciation
At 1 November 2023	-	542	542
Charge for the year	-	18,511	18,511
At 31 December 2024	-	19,053	19,053
Carrying amount
At 31 December 2024	2,882,145	199,446	3,081,591
At 31 October 2023 (as restated)	1,775,852	2,159	1,778,011

Included within the net book value of land and buildings above is £2,882,145 (2023 - £1,775,852) in respect of freehold land and buildings.
 

6

Investment properties

	£
At 1 November 2023 (as restated)	3,129,114
Additions	464,249
At 31 December 2024	3,593,363

There has been no valuation of investment property by an independent valuer. Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director.

 

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

7

Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
Fair value adjustments	3,438	3,438
Additions	1,091,684	1,091,684
Disposals	(246,886)	(246,886)
At 31 December 2024	848,236	848,236
Impairment
Carrying amount
At 31 December 2024	848,236	848,236

8

Debtors

	31 December 2024 £	31 October 2023 £
Trade debtors	12,645	-
Prepayments	26,864	15,285
Other debtors	26,148	262,788
	65,657	278,073

9

Creditors

	31 December 2024 £	(As restated) 31 October 2023 £
Due within one year
Trade creditors	18,566	45,567
Amounts due to related parties	7,737,000	5,312,445
Taxation and social security	4,774	445
Accruals and deferred income	13,000	9,733
Other creditors	-	14,228
	7,773,340	5,382,418

Posy and Akela Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024

10

Deferred tax

Deferred tax assets and liabilities

2024	Liability £
Financial assets at fair value through profit or loss	859
Fixed asset timing differences	81,575
	82,434

11

Related party transactions

At the balance sheet date the amount due to the shareholders' amounted to £7,737,000 (2023: £5,312,455).