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REGISTERED NUMBER: 07538975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

GRAGNANINO LIMITED

GRAGNANINO LIMITED (REGISTERED NUMBER: 07538975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAGNANINO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2021







DIRECTOR: P Giglio





REGISTERED OFFICE: 72a High Street
Battle
United Kingdom
East Sussex
TN33 0AG





REGISTERED NUMBER: 07538975 (England and Wales)





ACCOUNTANTS: MVL Business Services
A trading name of Xynamo 5 Limited
6 Red Barn Mews
Battle
East Sussex
TN33 0AG

GRAGNANINO LIMITED (REGISTERED NUMBER: 07538975)

BALANCE SHEET
30 JUNE 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25 90,025

CURRENT ASSETS
Debtors 5 90,000 -
Cash at bank and in hand 25,997 25,946
115,997 25,946
CREDITORS
Amounts falling due within one year 6 29,464 28,209
NET CURRENT ASSETS/(LIABILITIES) 86,533 (2,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,558

87,762

CREDITORS
Amounts falling due after more than one
year

7

91,052

91,052
NET LIABILITIES (4,494 ) (3,290 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (4,496 ) (3,292 )
SHAREHOLDERS' FUNDS (4,494 ) (3,290 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

GRAGNANINO LIMITED (REGISTERED NUMBER: 07538975)

BALANCE SHEET - continued
30 JUNE 2021


The 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.

The financial statements were approved by the director and authorised for issue on 31 August 2022 and were signed by:





P Giglio - Director


GRAGNANINO LIMITED (REGISTERED NUMBER: 07538975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

1. STATUTORY INFORMATION

Gragnanino Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. FIXED ASSET INVESTMENTS

2021 2020
£    £   
Shares in group undertakings 25 25
Other loans - 90,000
25 90,025

GRAGNANINO LIMITED (REGISTERED NUMBER: 07538975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 July 2020
and 30 June 2021 25
NET BOOK VALUE
At 30 June 2021 25
At 30 June 2020 25
Other
loans
£   
At 1 July 2020 90,000
Repayment in year (90,000 )
At 30 June 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 90,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 26,555 25,900
Other creditors 2,909 2,309
29,464 28,209

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Amounts owed to participating interests 91,052 91,052

GRAGNANINO LIMITED (REGISTERED NUMBER: 07538975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2021 and 30 June 2020:

2021 2020
£    £   
P Giglio
Balance outstanding at start of year 91,052 90,525
Amounts advanced - 527
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,052 91,052

9. RELATED PARTY DISCLOSURES

During the year there were no advances /repayments of loans.
Balance at year end 30th June 2021 £90,000 (2020 £90,000) was due from Deenova UK Limited a company under common control.
Balance at year end 30th June 2021 £655.40 was payable to La Trebbia Ltd a company under common control.
Balance at year end 30th June 2021 £25,900 was payable to Le Campagne Ltd, a company under common control.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Giglio.