FEELGOOD DEVELOPMENTS LIMITED Filleted accounts for Companies House (small and micro)

FEELGOOD DEVELOPMENTS LIMITED Filleted accounts for Companies House (small and micro)

FEELGOOD DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04105805
FEELGOOD DEVELOPMENTS LIMITED
Filleted Financial Statements
30 April 2021
FEELGOOD DEVELOPMENTS LIMITED
Statement of Financial Position
30 April 2021
2021
2020
Note
£
£
£
Fixed assets
Investments
4
17,076,309
17,076,309
Current assets
Debtors
5
26,795,854
33,195,695
Cash at bank and in hand
2,863
338
-------------
-------------
26,798,717
33,196,033
Creditors: amounts falling due within one year
6
43,002,769
49,399,037
-------------
-------------
Net current liabilities
16,204,052
16,203,004
-------------
-------------
Total assets less current liabilities
872,257
873,305
---------
---------
Net assets
872,257
873,305
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
872,256
873,304
---------
---------
Shareholders funds
872,257
873,305
---------
---------
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 statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 28 April 2022 , and are signed on behalf of the board by:
Mrs D Feldman
Director
Company registration number: 04105805
FEELGOOD DEVELOPMENTS LIMITED
Notes to the Financial Statements
Year ended 30 April 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 May 2020 and 30 April 2021
17,076,309
-------------
Impairment
At 1 May 2020 and 30 April 2021
–
-------------
Carrying amount
At 30 April 2021
17,076,309
-------------
At 30 April 2020
17,076,309
-------------
The company owns 100% of the issued share capital of Castledock Limited, which is an UK incoporated company.
5. Debtors
2021
2020
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
26,695,854
33,095,481
Other debtors
100,000
100,214
-------------
-------------
26,795,854
33,195,695
-------------
-------------
6. Creditors: amounts falling due within one year
2021
2020
£
£
Amount owing to fellow group companies
43,001,929
49,377,648
Sundry creditors
–
19,680
Other creditors
840
1,709
-------------
-------------
43,002,769
49,399,037
-------------
-------------
7. Summary audit opinion
The auditor's report for the year dated 28 April 2022 was unqualified.
The senior statutory auditor was PHILLIP SMULOVITCH , for and on behalf of GK & Co. LLP .
8. Controlling party
The ultimate holding company is Gatebrook Limited, a company incorporated in United Kingdom.