Company Registration No. 11852865 (England and Wales)
Susy London Limited
Unaudited accounts
for the year ended 28 February 2023
Susy London Limited
Unaudited accounts
Contents
Susy London Limited
Company Information
for the year ended 28 February 2023
Director
Andrea Velletrani
Company Number
11852865 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
UNITED KINGDOM
Susy London Limited
Statement of financial position
as at 28 February 2023
Investments
134,899
134,899
Cash at bank and in hand
297,598
273,282
Creditors: amounts falling due within one year
(1,440)
-
Net current assets
299,490
275,566
Total assets less current liabilities
434,389
410,465
Creditors: amounts falling due after more than one year
(442,751)
(442,751)
Net liabilities
(8,362)
(32,286)
Called up share capital
100
100
Profit and loss account
(8,462)
(32,386)
Shareholders' funds
(8,362)
(32,286)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2023 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 11852865
Susy London Limited
Notes to the Accounts
for the year ended 28 February 2023
Susy London Limited is a private company, limited by shares, registered in England and Wales, registration number 11852865. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company's functional currency is £ sterling
At the time of approval of these financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue its operational existence for the foreseeable future.
Thus the Directors continue to adopt the going concern basis of accounting for the next twelve months.
Investments in shares are included at fair value.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Subsidiary undertakings
Valuation at 1 March 2022
134,899
Valuation at 28 February 2023
134,899
Amounts falling due within one year
Accrued income and prepayments
-
705
Amounts falling due after more than one year
Susy London Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
442,751
442,751
At the balance sheet's date, there's a long term loan of £442.751 (2022: £442,751), payable to shareholders Claudia Mosso and Giovanni Mosso, proportionally to their shareholding in the Company.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
A loan of £3,332 (2022: £1,579) was made to Subsidiary Susy Miami LLC during the period covered by these financial reports. The loan is interest-free, repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).