| Registered Number:04645319 |
For the year ended 28 February 2025
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2025
Settle Retail Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Settle Retail Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
6,269
8,376
3
6,269
8,376
218,000
211,004
4
| Trade and other receivables |
82,780
44,571
5
255,575
300,780
| Trade and other payables: amounts falling due within one |
| year |
(159,460)
(146,098)
6
141,320
109,477
Net current assets
| Total assets less current liabilities |
115,746
149,696
| Trade and other payables: amounts falling due after more |
| than one year |
(13,172)
(2,991)
7
112,755
Net assets
136,524
100
100
112,655
136,424
112,755
136,524
Shareholders' funds
| For the year ended 28 February 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 25 November 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 28 February 2025
Settle Retail Limited
Notes to the Financial Statements
Statutory Information
| Settle Retail Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 04645319. |
1 Howard Lodge
16 Mount Sion
Tunbridge Wells
Kent
TN1 1UF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates and value added tax. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Tenants improvements
Computer Equipment and Website
Equip't, fixtures and fittings
| 2. Intangible fixed assets |
Goodwill
67,000
67,000
67,000
67,000
-
-
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For the year ended 28 February 2025
Settle Retail Limited
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
| Computer |
| Equipment |
| and Website |
| Equip't, |
| fixtures and |
| fittings |
57,921
35,800
4,761
17,360
17,360
4,761
35,800
57,921
| Provision for depreciation and impairment |
49,545
27,614
4,572
17,359
Charge for year
2,107
1,919
188
-
51,652
29,533
4,760
17,359
1
1
6,267
6,269
1
189
8,186
8,376
2024
2025
211,004
218,000
| 5. Trade and other receivables |
2024
2025
44,571
82,780
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
27,026
13,657
52,035
64,996
| Taxation and social security |
42,307
41,401
24,730
39,406
146,098
159,460
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For the year ended 28 February 2025
Settle Retail Limited
Notes to the Financial Statements Continued
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
2,991
13,172
| 8. Directors advances and guarantees |
Loaned
Repaid
Interest
R Sheldrick
Directors Loan
32,878
13,434
12,919
32,878
515
32,878
13,434
12,919
32,878
515
M Sheldrick
Directors Loan
35,329
15,891
15,322
35,329
569
35,329
15,891
15,322
35,329
569
| 9. Guarantees and other financial commitments |
| At 28 February 2025 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2024
2025
| Operating leases which expire: |
37,000
37,000
37,000
37,000
| 10. Average number of persons employed |
During the year the average number of employees was 6 (2024 : 6)
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