Celine Exclusive Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04613974 (England and Wales)

Financial statements for the year ended 31 December 2024

For

Celine Exclusive Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mrs S Yucelen

REGISTERED OFFICE:

Parker Russell

Level 30, The Leadenhall Building,

122 Leadenhall Street

London

EC3V 4AB

REGISTERED NUMBER:

04613974 (England and Wales)

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Celine Exclusive Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Celine Exclusive Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Celine Exclusive Limited and state those matters that we have agreed to state to the director of Celine Exclusive Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Celine Exclusive Limited and its director for our work or for this report.

It is your duty to ensure that Celine Exclusive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Celine Exclusive Limited. You consider that Celine Exclusive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Celine Exclusive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

29 September 2025

Fixed assets

Tangible assets

4

85,795

86,267

85,795

86,267

Current assets

Stocks

5

562

475

Debtors

6

932

-

Cash at bank

360

3,526

1,854

4,001

Creditors

Amounts falling due within one year

7

47,030

37,624

Net current liabilities

(45,176

)

(33,623

)

Total assets less current liabilities

40,619

52,644

Creditors

Amounts falling due after more than
one year

8

32,799

45,220

Net assets

7,820

7,424

Capital and reserves

Called up share capital

9

2

Retained earnings

7,818

7,422

Shareholders' funds

7,820

7,424

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

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

The director acknowledges her 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.

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 director and authorised for issue on 29 September 2025 and were signed by:

Mrs S Yucelen - Director

1.	STATUTORY INFORMATION

Celine Exclusive Limited 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.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

84,376

52,256

136,632

Disposals

-

(11,272

)

(11,272

)

At 31 December 2024

84,376

40,984

125,360

DEPRECIATION

At 1 January 2024

-

50,365

Charge for year

-

472

Eliminated on disposal

-

(11,272

)

(11,272

)

At 31 December 2024

-

39,565

NET BOOK VALUE

At 31 December 2024

84,376

1,419

85,795

At 31 December 2023

84,376

1,891

86,267

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

Disposals

(11,272

)

At 31 December 2024

(11,272

)

DEPRECIATION

Eliminated on disposal

(11,272

)

At 31 December 2024

(11,272

)

NET BOOK VALUE

At 31 December 2024

-

5.

STOCKS

31.12.24

31.12.23

£

Raw materials

430

365

Work-in-progress

132

110

562

475

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.12.24

31.12.23

£

Other debtors

932

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

7,704

11,764

Trade creditors

27

311

Accrued expenses

39,299

25,549

47,030

37,624

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.12.24

31.12.23

£

Other loans - 1-2 years

21,000

Directors Current Account

11,799

24,220

32,799

45,220

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

2

Ordinary

£1

2

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Yucelen.