LADINO LIMITED

Company Registration Number:
NI058212 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

LADINO LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

LADINO LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Called up share capital not paid: 1 2
Current assets
Debtors:   223,760
Cash at bank and in hand: 1,965,357 3,118,258
Total current assets: 2,189,117 3,118,258
Creditors: amounts falling due within one year: 3 (227,590) (390,148)
Net current assets (liabilities): 1,961,527 2,728,110
Total assets less current liabilities: 1,961,528 2,728,112
Total net assets (liabilities): 1,961,528 2,728,112
Capital and reserves
Called up share capital: 1 2
Profit and loss account: 1,961,527 2,728,110
Shareholders funds: 1,961,528 2,728,112

The notes form part of these financial statements

LADINO LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 November 2023
and signed on behalf of the board by:

Name: David Andrews
Status: Director

The notes form part of these financial statements

LADINO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measure as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met:Rendering of ServicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied: - the amount of revenue can be measured reliably - it is probably that the company will receive the consideration due under the contract - the state of completion of the contract at the end of the reporting period can be measured reliably and - the costs incurred and the costs to complete the contract can be measured reliably.

Other accounting policies

FOREIGN CURRENCYThe Company's functional and presentational currency is Euros, original accounts are prepared in this currency. Any unrealised gains/losses arising during the period have been charged to the profit and loss account.TAXATIONTax is recognised in profit or loss except that a charge attributable to an item of income andexpense recognised as other comprehensive income or to an item recognised directly in equity isalso recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have beenenacted or substantively enacted by the balance sheet date in the countries where the Companyoperates and generates income.DEBTORSShort-term debtors are measured at transaction price, less any impairment. Loans receivable aremeasured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method, less any impairment.CASH AND CASH EQUIVALENTSCash is represented by cash in hand and deposits with financial institutions repayable withoutpenalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments thatmature in no more than three months from the date of acquisition and that are readily convertible toknown amounts of cash with insignificant risk of change in value.CREDITORSShort-term creditors are measured at the transaction price. Other financial liabilities, including bankloans, are measured initially at fair value, net of transaction costs, and are measured subsequentlyat amortised cost using the effective interest method.FINANCIAL INSTRUMENTSThe Company only enters into basic financial instrument transactions that result in the recognition offinancial 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.

LADINO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

LADINO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Creditors: amounts falling due within one year note

Total creditors falling due within one year are comprised as follows:Creditors and accruals 2023 £3,830 (2022 £418), other creditors 2022 £223,760 (2021 Nil) and an Irish Corporation Tax liability 2022 Nil (2021 £389,730)