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Company registration number: 14459070
Feast Investments Ltd
Unaudited filleted financial statements
28 February 2025
Feast Investments Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Feast Investments Ltd
Directors and other information
Director Mr Sultan Ahmed
Company number 14459070
Registered office 247 Whitechapel Road
London
E1 1DB
Business address 247 Whitechapel Road
London
E1 1DB
Accountants Abacus Partners (Ldn) LLP
Unit A, Abbotts Wharf
93 Stainsby Road
London
E14 6JL
Feast Investments Ltd
Statement of financial position
28 February 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 11,629 15,505
_______ _______
11,629 15,505
Current assets
Stocks 12,465 12,865
Debtors 6 77,487 77,487
Cash at bank and in hand 29,077 52,826
_______ _______
119,029 143,178
Creditors: amounts falling due
within one year 7 ( 67,139) ( 90,275)
_______ _______
Net current assets 51,890 52,903
_______ _______
Total assets less current liabilities 63,519 68,408
_______ _______
Net assets 63,519 68,408
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 63,518 68,407
_______ _______
Shareholder funds 63,519 68,408
_______ _______
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:
Mr Sultan Ahmed
Director
Company registration number: 14459070
Feast Investments Ltd
Notes to the financial statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 247 Whitechapel Road, London, E1 1DB.
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 and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 18 (2024: 10 ).
The aggregate payroll costs incurred during the year were:
2025 2024
£ £
Wages and salaries 290,966 179,639
Social security costs 5,038 1,392
Other pension costs 3,700 2,195
_______ _______
299,704 183,226
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 March 2024 and 28 February 2025 19,381 19,381
_______ _______
Depreciation
At 1 March 2024 3,876 3,876
Charge for the year 3,876 3,876
_______ _______
At 28 February 2025 7,752 7,752
_______ _______
Carrying amount
At 28 February 2025 11,629 11,629
_______ _______
At 28 February 2024 15,505 15,505
_______ _______
6. Debtors
2025 2024
£ £
Other debtors 77,487 77,487
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 31,715 26,322
Corporation tax 4,923 22,860
Social security and other taxes 24,780 25,910
Other creditors 5,721 15,183
_______ _______
67,139 90,275
_______ _______
8. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2025 2024
£ £
Mr Sultan Ahmed 5,000 -
_______ _______