ACCOUNTS - Final Accounts preparation

Registered number: 10533258

FEELWELL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FEELWELL LIMITED

REGISTERED NUMBER: 10533258

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
		£		£


Current assets
Stocks		-		6,587
Debtors: amounts falling due within one year	4	220		93
Cash at bank and in hand	5	232		1,892
		452		8,572
Creditors: amounts falling due within one year	6	(140,801)		(136,502)
Net current liabilities			(140,349)		(127,930)
Total assets less current liabilities			(140,349)		(127,930)
Creditors: amounts falling due after more than one year	7		(200,000)		(200,000)

Net liabilities			(340,349)		(327,930)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(340,449)	(328,030)
	(340,349)	(327,930)

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FEELWELL LIMITED

REGISTERED NUMBER: 10533258

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

A Puri

Director

Date: 23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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FEELWELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The company is a private limited company which is incorporated and domiciled in the UK. The address of its registered office is 3rd Floor The Coade, 98 Vauxhall Walk, London, England, SE11 5EL. The principal activity of the company is fitness facilities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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FEELWELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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FEELWELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 April 2024	3,628
	At 31 March 2025	3,628
	Depreciation
	At 1 April 2024	3,628
	At 31 March 2025	3,628
	Net book value
	At 31 March 2025	-
	At 31 March 2024	-

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FEELWELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	220	93
	220	93

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	232	1,892
	232	1,892

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	175
Other creditors	139,001	134,527
Accruals and deferred income	1,800	1,800
	140,801	136,502

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other creditors	200,000	200,000
	200,000	200,000

8.	Related party transactions
	As at the balance sheet date, included within creditors is a balance of £132,321 (2024 - £129,646) due to A Puri, the director of the company. Interest is not being charged on this balance with no fixed repayment terms in place.

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