REGISTERED NUMBER: 10139675 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

FELDAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

R F Newman

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

10139675 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

42,569

48,700

42,569

48,700

Current assets

Debtors

6

254

9,848

Cash at bank

1,516

769

1,770

10,617

Creditors

Amounts falling due within one year

7

141,800

132,727

Net current liabilities

(140,030

)

(122,110

)

Total assets less current liabilities

(97,461

)

(73,410

)

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

(97,561

)

(73,510

)

Shareholders' funds

(97,461

)

(73,410

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

R F Newman - Director

1.	Statutory information

Felday 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The company meets its day to day working capital requirements through the support of the director and shareholder of the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

5,000

Amortisation

At 1 April 2024

and 31 March 2025

5,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

13,765

48,373

54,557

116,695

Depreciation

At 1 April 2024

-

31,254

36,741

67,995

Charge for year

-

2,568

3,563

6,131

At 31 March 2025

-

33,822

40,304

74,126

Net book value

At 31 March 2025

13,765

14,551

14,253

42,569

At 31 March 2024

13,765

17,119

17,816

48,700

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

1,600

Other debtors

254

8,248

254

9,848

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

260

-

Taxation and social security

416

203

Other creditors

141,124

132,524

141,800

132,727

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

Reserves

Retained

earnings

£

At 1 April 2024

(73,510

)

Deficit for the year

(24,051

)

At 31 March 2025

(97,561

)

10.	Related party disclosures

Included within other creditors is £74,274 (2024: £65,774) owed to the director of the company. The loan is interest free and repayable on demand.