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Registered number: 11702757
Fancy Lifestyle Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
JGTAX LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11702757
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 198,629 55,089
198,629 55,089
CURRENT ASSETS
Stocks 5 71,334 47,618
Debtors 6 320,946 625,496
Cash at bank and in hand 73,781 154,469
466,061 827,583
Creditors: Amounts Falling Due Within One Year 7 (510,787 ) (482,647 )
NET CURRENT ASSETS (LIABILITIES) (44,726 ) 344,936
TOTAL ASSETS LESS CURRENT LIABILITIES 153,903 400,025
Creditors: Amounts Falling Due After More Than One Year 8 (714,313 ) (591,313 )
NET LIABILITIES (560,410 ) (191,288 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (560,510 ) (191,388 )
SHAREHOLDERS' FUNDS (560,410) (191,288)
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Xiaonan Xie
Director
30/08/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fancy Lifestyle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11702757 . The registered office is 52 Charing Cross Road, Covent Garden, London, WC2H 0BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 years Straight Line
Fixtures & Fittings 10 years Straight Line
Computer Equipment 4 years Straight Line
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 16)
20 16
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 4,490 77,172 11,341 93,003
Additions 15,688 152,443 1,609 169,740
As at 30 November 2025 20,178 229,615 12,950 262,743
...CONTINUED
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Depreciation
As at 1 December 2024 2,564 27,511 7,839 37,914
Provided during the period 3,190 20,373 2,637 26,200
As at 30 November 2025 5,754 47,884 10,476 64,114
Net Book Value
As at 30 November 2025 14,424 181,731 2,474 198,629
As at 1 December 2024 1,926 49,661 3,502 55,089
5. Stocks
2025 2024
£ £
Stock 71,334 47,618
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 157,988 350,280
Other debtors 162,958 275,216
320,946 625,496
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 434,804 435,338
Other creditors 46,121 16,511
Taxation and social security 29,862 30,798
510,787 482,647
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 319,712 319,712
Amounts owed to participating interests 394,601 271,601
714,313 591,313
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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