Company Registration No. 13466461 (England and Wales)
Fiat Republic Ltd
Unaudited accounts
for the period from 1 July 2022 to 31 December 2022
Fiat Republic Ltd
Unaudited accounts
Contents
Fiat Republic Ltd
Company Information
for the period from 1 July 2022 to 31 December 2022
Directors
Adam L Bialy
Sophie Guibaud-Lapoujade
Olga Shikhantsova
Company Number
13466461 (England and Wales)
Registered Office
60 Cannon Street
London
EC4N 6NP
England
Accountants
Abacus Jack Ltd
New Century House
Crowther Road
Washington
Tyne and Wear
NE38 0QA
Fiat Republic Ltd
Statement of financial position
as at 31 December 2022
Intangible assets
22,325
11,925
Tangible assets
13,631
11,443
Cash at bank and in hand
1,700,076
2,031,779
Creditors: amounts falling due within one year
(455,780)
(110,809)
Net current assets
3,178,186
2,813,945
Total assets less current liabilities
3,214,142
2,837,313
Creditors: amounts falling due after more than one year
(2,171,850)
(1,182,500)
Net assets
1,042,292
1,654,813
Called up share capital
2,194
2,194
Share premium
2,618,406
2,618,406
Profit and loss account
(1,578,308)
(965,787)
Shareholders' funds
1,042,292
1,654,813
For the period ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Adam L Bialy
Director
Company Registration No. 13466461
Fiat Republic Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2022
Fiat Republic Ltd is a private company, limited by shares, registered in England and Wales, registration number 13466461. The registered office is 60 Cannon Street, London, EC4N 6NP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2022
30,900
Charge for the period
4,600
At 31 December 2022
22,325
Fiat Republic Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2022
5
Tangible fixed assets
Computer equipment
At 31 December 2022
23,067
Charge for the period
4,904
At 31 December 2022
13,631
6
Debtors
31/12/2022
30/06/2022
Amounts falling due within one year
Accrued income and prepayments
6,431
24,902
Other debtors
1,320,737
262,919
Amounts falling due after more than one year
Amounts due from group undertakings etc.
606,722
581,322
Amounts due from group undertakings relate to the purchase of a subsidiary company
8
Creditors: amounts falling due within one year
31/12/2022
30/06/2022
Trade creditors
416,539
77,422
Taxes and social security
17,677
33,387
9
Creditors: amounts falling due after more than one year
31/12/2022
30/06/2022
Other creditors
2,171,850
1,182,500
Other creditors comprises of
- Convertable Loan Notes in the sum of £1,365,900
- Advance Subscription Agreement / SAFE - £805,950
Fiat Republic Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2022
10
Average number of employees
During the period the average number of employees was 11 (30/06/2022: 10).