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REGISTERED NUMBER: 13117253 (England and Wales)















Unaudited Financial Statements

for the Period 6 January 2021 to 31 March 2022

for

Cioffi Properties Ltd

Cioffi Properties Ltd (Registered number: 13117253)






Contents of the Financial Statements
for the Period 6 January 2021 to 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Cioffi Properties Ltd

Company Information
for the Period 6 January 2021 to 31 March 2022







DIRECTORS: S Cioffi
L Cioffi
Mrs D Roux
Mrs L Schiavo





REGISTERED OFFICE: 27 Links Side
Enfield
EN2 7QZ





REGISTERED NUMBER: 13117253 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ

Cioffi Properties Ltd (Registered number: 13117253)

Abridged Balance Sheet
31 March 2022

Notes £    £   
FIXED ASSETS
Investment property 4 540,642

CURRENT ASSETS
Cash at bank 12,488

CREDITORS
Amounts falling due within one year 552,912
NET CURRENT LIABILITIES (540,424 )
TOTAL ASSETS LESS CURRENT LIABILITIES 218

CAPITAL AND RESERVES
Called up share capital 5
Retained earnings 213
218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





L Cioffi - Director


Cioffi Properties Ltd (Registered number: 13117253)

Notes to the Financial Statements
for the Period 6 January 2021 to 31 March 2022

1. STATUTORY INFORMATION

Cioffi Properties Ltd 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the foreseeable future. The validity of this assumption depends on the continuing support of the company creditors to provide adequate financial support and by not seeking repayment of amounts owed to them. The directors have no reason to believe this support is not forthcoming and accordingly believe it appropriate to prepare the financial statements on the going concern basis.

Investment property
Investment property is carried at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable property, adjusted if necessary for any difference in the nature, location or condition of the specific investment property asset. No depreciation is provided, and any surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Taxation
Taxation for the period 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 period 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.

Other income
Other Income comprises revenue recognised by the company in respect of rental income, exclusive of Value Added Tax. Rental income is received one month in advance and is recognised over the period accrued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

Cioffi Properties Ltd (Registered number: 13117253)

Notes to the Financial Statements - continued
for the Period 6 January 2021 to 31 March 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 540,642
At 31 March 2022 540,642
NET BOOK VALUE
At 31 March 2022 540,642

The 2022 valuations were made by the directors on an open market value for existing use basis.

5. RELATED PARTY DISCLOSURES

During the period, total dividends of £7,000 were paid to the directors .

Mr S and Mrs R Cioffi - directors and shareholders

At the year end £543,675 was owed by the company to Mr S and Mrs R Cioffi.