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REGISTERED NUMBER: 08021398 (England and Wales)















Patricia Conti Limited

Unaudited Financial Statements for the Year Ended 31st March 2023






Patricia Conti Limited (Registered number: 08021398)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Patricia Conti Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: Mrs P M Conti
J Holzhauer



REGISTERED OFFICE: 8 Blandfield Road
London
SW12 8BG



REGISTERED NUMBER: 08021398 (England and Wales)



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: Lloyds TSB
21-25 King Street
Hammersmith
W6 9HW

Patricia Conti Limited (Registered number: 08021398)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4 6,935

CURRENT ASSETS
Debtors 5 6,920 15,914
Cash at bank 6,545 40,092
13,465 56,006
CREDITORS
Amounts falling due within one
year

6

122,507

138,263
NET CURRENT LIABILITIES (109,042 ) (82,257 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

(109,038

)

(75,322

)

CREDITORS
Amounts falling due after more
than one year

7

(37,282

)

(43,183

)

PROVISIONS FOR LIABILITIES 8 - (1,317 )
NET LIABILITIES (146,320 ) (119,822 )

Patricia Conti Limited (Registered number: 08021398)

Balance Sheet - continued
31st March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (146,420 ) (119,922 )
SHAREHOLDERS' FUNDS (146,320 ) (119,822 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

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 24th October 2023 and were signed on its behalf by:





Mrs P M Conti - Director


Patricia Conti Limited (Registered number: 08021398)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Patricia Conti 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on 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.


Patricia Conti Limited (Registered number: 08021398)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2022
and 31st March 2023 107,027 4,834 3,026 4,220 119,107
DEPRECIATION
At 1st April 2022 100,755 4,833 2,365 4,219 112,172
Charge for year 6,271 - 660 - 6,931
At 31st March 2023 107,026 4,833 3,025 4,219 119,103
NET BOOK VALUE
At 31st March 2023 1 1 1 1 4
At 31st March 2022 6,272 1 661 1 6,935

Patricia Conti Limited (Registered number: 08021398)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 12,345 22,101
Provision for doubtful debts (5,425 ) (6,187 )
6,920 15,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Social security and other taxes - 100
VAT 990 5,866
Other creditors - 146
Directors' current accounts 117,091 129,938
Accruals and deferred income 4,426 2,213
122,507 138,263

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 16,082 21,983
Other loans - 2-5 years 21,200 21,200
37,282 43,183

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 1,317

Patricia Conti Limited (Registered number: 08021398)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2022 1,317
Credit to Income Statement during year (1,317 )
re : accelerated capital
allowances
Balance at 31st March 2023 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1st April 2022 (119,922 )
Deficit for the year (26,498 )
At 31st March 2023 (146,420 )

11. ULTIMATE CONTROLLING PARTY

The company is wholly owned by its directors.