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REGISTERED NUMBER: 09312405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

BIRITWO LIMITED

BIRITWO LIMITED (REGISTERED NUMBER: 09312405)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIRITWO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: A Colussi
T Salvemini





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 09312405 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

BIRITWO LIMITED (REGISTERED NUMBER: 09312405)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 53,894,214 3,915,329

CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank and in hand 341,161 1,290,717
342,161 1,291,717
CREDITORS
Amounts falling due within one year 6 16,754 7,388
NET CURRENT ASSETS 325,407 1,284,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,219,621

5,199,658

CREDITORS
Amounts falling due after more than one
year

7

(2,629,672

)

(3,176,331

)

PROVISIONS FOR LIABILITIES (9,423,225 ) -
NET ASSETS 42,166,724 2,023,327

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,166,624 2,023,227
42,166,724 2,023,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

BIRITWO LIMITED (REGISTERED NUMBER: 09312405)

BALANCE SHEET - continued
30 NOVEMBER 2022


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 22 November 2023 and were signed on its behalf by:





A Colussi - Director


BIRITWO LIMITED (REGISTERED NUMBER: 09312405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

BIRITWO 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 as modified by the revaluation of certain assets.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the last day of the month. There is no significant difference between the monthly average exchange rate and the rate at the end of the month. Exchange differences are taken into account in arriving at the operating result.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities,
including bank loans, are measured at fair value, net of transaction costs.

Debtors
Short term trade debtors are measured at transaction price. And provision for bad debt is made when necessary.

Investments
Investments comprise of listed investments which are measured at fair value. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

BIRITWO LIMITED (REGISTERED NUMBER: 09312405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2021 3,915,329
Additions 546,188
Disposals (163,226 )
Revaluations 49,595,923
At 30 November 2022 53,894,214
NET BOOK VALUE
At 30 November 2022 53,894,214
At 30 November 2021 3,915,329

Cost or valuation at 30 November 2022 is represented by:

Other
investments
£   
Valuation in 2022 49,595,923
Cost 4,298,291
53,894,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,000 1,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 16,754 7,388

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 2,629,672 3,176,331

8. RELATED PARTY DISCLOSURES

As at year end the company owed £2,400 (2021: £2,400) to Biricube Limited, a company controlled by Mr.L.Bellini.

As at year end, total amount owed to Mr. L.Bellini £2,636,794 (2021: 3,178,132). This loan is repayable within 4 years, it also has an interest of 3% per year starting from 1st January 2023.

BIRITWO LIMITED (REGISTERED NUMBER: 09312405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ramses 11 Holding.

The ultimate controlling party is Mr.L.Bellini, an Italian resident individual.