Company Registration No. SC701352 (Scotland)
Battista Property Ltd
Unaudited accounts
for the year ended 30 June 2023
Battista Property Ltd
Unaudited accounts
Contents
Battista Property Ltd
Company Information
for the year ended 30 June 2023
Director
Gennaro Cortellessa
Company Number
SC701352 (Scotland)
Registered Office
3a Jordan Lane
Edinburgh
Midlothian
EH10 4RB
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Battista Property Ltd
Statement of financial position
as at 30 June 2023
Investment property
1,520,115
1,130,115
Cash at bank and in hand
9,511
9,497
Creditors: amounts falling due within one year
(927,543)
(594,870)
Net current liabilities
(918,032)
(585,373)
Net assets
602,083
544,742
Called up share capital
1
1
Profit and loss account
602,082
544,741
Shareholders' funds
602,083
544,742
For the year ending 30 June 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 2 February 2024 and were signed on its behalf by
Gennaro Cortellessa
Director
Company Registration No. SC701352
Battista Property Ltd
Notes to the Accounts
for the year ended 30 June 2023
Battista Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC701352. The registered office is 3a Jordan Lane, , Edinburgh, Midlothian, EH10 4RB, Scotland.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation for the year comprises current and deferred taxation. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Current and deferred tax assets and liabilities are not discounted.
Fair value at 1 July 2022
1,130,115
Battista Property Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,947
5,862
Other creditors
751,300
273,794
Loans from directors
157,995
313,849
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).