Company registration number 14150769 (England and Wales)
CARNIVALLI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
CARNIVALLI LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CARNIVALLI LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investment property
3
1,308,892
Current assets
Debtors
4
28,322
Cash at bank and in hand
292,589
320,911
Creditors: amounts falling due within one year
5
(1,632,265)
Net current liabilities
(1,311,354)
Net liabilities
(2,462)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(2,562)
Total equity
(2,462)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 4 March 2024
Miss E R Nisbet
Director
Company registration number 14150769 (England and Wales)
CARNIVALLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information
Carnivalli Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Clifton Road, Clifton, Bristol, BS8 1AQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
At the balance sheet date the company's balance sheet reflected a net liabilities position. The company is reliant upon the financial support of the company director in order to meet its day to day working capital requirements. The director considers the financial support to be ongoing for the foreseeable future and therefore considers it appropriate to prepare these financial statements on a going concern basis.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
1
3
Investment property
2023
£
Fair value
At 6 June 2022
Additions
1,308,892
At 30 June 2023
1,308,892
CARNIVALLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2023
3
Investment property
(Continued)
- 3 -
The company's investment property was under construction at the period end and the additions in the year relate to land and development costs to the year end date. No fair value adjustment has been included in these financial statements due to the early stage of the development.
4
Debtors
2023
Amounts falling due within one year:
£
Other debtors
28,322
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
14,672
Other creditors
1,617,593
1,632,265
6
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
During the period 100 ordinary £1 shares were issued at par.