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Britannia Global Estates Limited
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Directors' report and financial statements
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For the year ended 31 December 2022
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Registered number: 12937235
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Britannia Global Estates Limited
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Company Information
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Gabriela Maldonado Urrechaga
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Britannia Global Estates Limited
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Contents
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Statement of comprehensive income
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Statement of financial position
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Notes to the financial statements
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Britannia Global Estates Limited
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Directors' report
For the year ended 31 December 2022
The directors present their report and the financial statements of Britannia Global Estates Limited ('the company') for the year ended 31 December 2022.
The directors who served during the year were:
Julio Cesar Herrera (appointed 26 August 2022)
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Gabriela Maldonado Urrechaga (appointed 26 August 2022)
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Julio Martin Herrera (resigned on 17 August 2022)
Sofia Saracho De Oyarzabal
Sofia Saraco De Oyarzabal resigned as a director on 30 August 2023.
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 11 October 2023 and signed on its behalf by:
Gabriela Maldonado Urrechaga
Director
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Page 1
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Britannia Global Estates Limited
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Statement of comprehensive income
For the year ended 31 December 2022
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Interest payable and similar expenses
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Loss for the financial year
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Other comprehensive income for the year
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Total comprehensive income for the year
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There were no recognised gains and losses for 2022 or 2021 other than those included in the statement of comprehensive income.
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The notes on pages 4 to 6 form part of these financial statements.
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Page 2
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Britannia Global Estates Limited - Registered number: 12937235
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Consolidated satement of financial position
As at 31 December 2022
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Creditors: due within one year
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Total assets less current liabilities
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Creditors: due after more than one year
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Capital contribution reserve
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The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 October 2023 by:
Gabriela Maldonado Urrechaga
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The notes on pages 4 to 6 form part of these financial statements.
Page 3
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Britannia Global Estates Limited
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Notes to the financial statements
For the year ended 31 December 2022
Britannia Global Estates Limited is a company limited by shares and is incorporated in England and Wales, registration number 12937235. The registered office and principle place of business is Level 28, 52 Lime Street, London, England, EC3M 7AF. The companies principal activity is management of real estate.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Investments in non-derivative instruments that are equity to the issuer are measured:
∙at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
∙at cost less impairment for all other investments.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
Page 4
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Britannia Global Estates Limited
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Notes to the financial statements
For the year ended 31 December 2022
2.Accounting policies (continued)
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Financial instruments (continued)
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period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
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Investments in subsidiary companies
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Page 5
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Britannia Global Estates Limited
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Notes to the financial statements
For the year ended 31 December 2022
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Page 6
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