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COMPANY REGISTRATION NUMBER: 04182759
SICRA Private Equity & Investments Ltd
Filleted Unaudited Financial Statements
For the Year Ended
31 December 2022
SICRA Private Equity & Investments Ltd
Statement of Financial Position
31 December 2022
2022
2021
Note
Fixed Assets
Investments
4
739,277
164,277
Current Assets
Debtors
5
439,952
339,917
Cash at bank and in hand
63,412
48,236
---------
---------
503,364
388,153
Creditors: amounts falling due within one year
6
( 892,123)
( 218,640)
---------
---------
Net Current (Liabilities)/Assets
( 388,759)
169,513
---------
---------
Total Assets Less Current Liabilities
350,518
333,790
Creditors: amounts falling due after more than one year
7
( 10,624)
---------
---------
Net Assets
350,518
323,166
---------
---------
Capital and Reserves
Called up share capital
8
195,962
195,962
Profit and loss account
154,556
127,204
---------
---------
Shareholders Funds
350,518
323,166
---------
---------
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.
For the year ending 31 December 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 .
SICRA Private Equity & Investments Ltd
Statement of Financial Position (continued)
31 December 2022
These financial statements were approved by the board of directors and authorised for issue on 25 September 2023 , and are signed on behalf of the board by:
Elisabetta Borghesani (Managing Director / Chief Executive Officer)
Director
Company registration number: 04182759
SICRA Private Equity & Investments Ltd
Notes to the Financial Statements
Year Ended 31 December 2022
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 East Point, High Street, Seal, Sevenoaks, Kent, TN15 0EG, England, UK.
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
3.1 Basis of Preparation
The financial statements have been prepared on the historical cost basis.
3.2 Disclosure Exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
3.3 Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
3.4 Turnover
Turnover represents amounts receivable for consultancy services.
3.5 Investments
Investments held as fixed assets are initially shown at cost.
4. Investments
Shares in group undertakings
Loans to group undertakings
Shares in participating interests
Other loans
Total
Cost
At 1 January 2022
109,166
54,351
760
192,500
356,777
Additions
575,000
575,000
---------
---------
----
---------
---------
At 31 December 2022
109,166
629,351
760
192,500
931,777
---------
---------
----
---------
---------
Impairment
At 1 January 2022 and 31 December 2022
192,500
192,500
---------
---------
----
---------
---------
Carrying amount
At 31 December 2022
109,166
629,351
760
739,277
---------
---------
----
---------
---------
At 31 December 2021
109,166
54,351
760
164,277
---------
---------
----
---------
---------
5. Debtors
2022
2021
Trade debtors
18,750
18,750
Other debtors
421,202
321,167
---------
---------
439,952
339,917
---------
---------
6. Creditors: amounts falling due within one year
2022
2021
Corporation tax
1,517
Other creditors
892,123
217,123
---------
---------
892,123
218,640
---------
---------
7. Creditors: amounts falling due after more than one year
2022
2021
Loans from related parties
10,624
----
--------
8. Called Up Share Capital
The issued share capital shown as €195,962 is £130,000 comprising 130,000 shares of nominal value £1 each.
9. Related Party Transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2022
2021
2022
2021
Key management personnel
74,982
50,000
Entity over which the company has control
675,000
60,000
675,000
Owner with Participating interest
50,000
50,000
Associated entity
310,000
310,000
---------
--------
---------
---------
The amounts owed to the company are unsecured and repayable in less than one year.