Registered number
10099936
Colicci Investments Limited
Filleted Accounts
31 March 2023
Colicci Investments Limited
Registered number: 10099936
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 295,170 295,170
295,170 295,170
Current assets
Debtors 4 - -
Cash at bank and in hand 2,443 10,862
2,443 10,862
Creditors: amounts falling due within one year 5 (72,821) (83,930)
Net current liabilities (70,378) (73,068)
Total assets less current liabilities 224,792 222,102
Creditors: amounts falling due after more than one year 6 (229,986) (230,325)
Net liabilities (5,194) (8,223)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,294) (8,323)
Shareholders' funds (5,194) (8,223)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Rosana Maria Colicci
Director
Approved by the board on 21 November 2023
Colicci Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
564 Liverpool Street
Land and
Buildings
18 Church Street
Office
Equipment
Total
£ £ £ £
Cost
At 1 April 2022 137,469 157,701 - 295,170
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2023 137,469 157,701 - 295,170
Depreciation
At 1 April 2022 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2023 - - - -
Net book value
At 31 March 2023 137,469 157,701 - 295,170
At 31 March 2022 137,469 157,701 - 295,170
5 Creditors: amounts falling due within one year 2023 2022
£ £
Rosie Colicci Ltd 42,972 21,505
Bounce Back Loan 1,500 1,500
Sundry Creditors and accruals 1,200 1,200
Directors Current Account 5,771 58,800
Corporation Tax - -
Love Churros London Ltd 21,378 925
72,821 83,930
The director’s loan is an interest free loan to assist the company to purchase the freeholds at
546 Liverpool Street, Salford, Manchester M5 5JX and 18 Church Lane, Salford, Manchester M6 5RB.
Rosie Colicci Ltd and Love Churros London Ltd are related companies.
6 Creditors: amounts falling due after one year 2023 2022
£ £
Mortgage - Paragon Finance 129,806 128,690
Mortgage - Kent Reliance 96,750 96,750
Bounce Back Loan 3,430 4,885
229,986 230,325
7 Other information
Colicci Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Ashcroft Park
Cobham
Surrey
KT11 2DN
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