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Company registration number:
02470903
Santa Paravia Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2022
Santa Paravia Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Santa Paravia Limited
Year ended
31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Santa Paravia Limited
for the year ended
31 March 2022
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Santa Paravia Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Santa Paravia Limited
and state those matters that we have agreed to state to the Board of Directors of
Santa Paravia Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Santa Paravia Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Santa Paravia Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Santa Paravia Limited
. You consider that
Santa Paravia Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Santa Paravia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
16 June 2022
Santa Paravia Limited
Statement of Financial Position
31 March 2022
20222021
Note££
Fixed assets    
Investments 5
413,183
 
359,232
 
Current assets    
Cash at bank and in hand
34,269
 
77,271
 
Creditors: amounts falling due within one year 6
(137,875
)
(141,475
)
Net current liabilities
(103,606
)
(64,204
)
Total assets less current liabilities 309,577   295,028  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
309,477
 
294,928
 
Shareholders funds
309,577
 
295,028
 
For the year ending
31 March 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
16 June 2022
, and are signed on behalf of the board by:
J Gilliland
Director
Company registration number:
02470903
Santa Paravia Limited
Notes to the Financial Statements
Year ended
31 March 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 Louisa Chilton Cour
,
Montpelier Avenue
,
London
,
W5 2XP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in the profit and loss account

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2021: Nil).

5 Investments

Other investments other than loans
£
Cost or valuation  
At
1 April 2021
394,624
 
Revaluations
24,697
 
At
31 March 2022
419,321
 
Impairment  
At
1 April 2021
35,392
 
Reversal of past impairment losses
(29,254
)
At
31 March 2022
6,138
 
Carrying amount  
At
31 March 2022
413,183
 
At 31 March 2021
359,232
 

6 Creditors: amounts falling due within one year

20222021
££
Other creditors
137,875
 
141,475
 

7 Financial instruments and other assets measured at fair value through profit or loss

The fair value of financial instruments and other assets measured at fair value through profit or loss was as follows:
20222021
££
Financial assets measured at fair value through profit or loss
413,183
 
359,232
 

8 Directors' advances, credit and guarantees

The director's loan account has been maintained in credit throughout the year.