Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01true1false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10867073 2022-08-01 2023-07-31 10867073 2021-08-01 2022-07-31 10867073 2023-07-31 10867073 2022-07-31 10867073 c:Director1 2022-08-01 2023-07-31 10867073 d:CurrentFinancialInstruments 2023-07-31 10867073 d:CurrentFinancialInstruments 2022-07-31 10867073 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10867073 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10867073 d:ShareCapital 2023-07-31 10867073 d:ShareCapital 2022-07-31 10867073 d:RetainedEarningsAccumulatedLosses 2023-07-31 10867073 d:RetainedEarningsAccumulatedLosses 2022-07-31 10867073 c:FRS102 2022-08-01 2023-07-31 10867073 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10867073 c:FullAccounts 2022-08-01 2023-07-31 10867073 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10867073 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 10867073










DEL BONO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
DEL BONO LIMITED
REGISTERED NUMBER: 10867073

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
425,961
425,961

  
425,961
425,961

Current assets
  

Debtors: amounts falling due within one year
 5 
36,364
-

Cash at bank and in hand
  
2,647
-

  
39,011
-

Creditors: amounts falling due within one year
 7 
(452,857)
(422,815)

Net current liabilities
  
 
 
(413,846)
 
 
(422,815)

Total assets less current liabilities
  
12,115
3,146

  

Net assets
  
12,115
3,146


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
2,115
(6,854)

  
12,115
3,146


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
DEL BONO LIMITED
REGISTERED NUMBER: 10867073
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2024.

Luca Del Bono
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DEL BONO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Del Bono Limited is a private company limited by shares, incorporated in England and Wales, registration number 10867073. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
DEL BONO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.




 
Page 4

 
DEL BONO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
425,961



At 31 July 2023
425,961





5.


Debtors

2023
2022
£
£


Trade debtors
36,364
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,647
-


Page 5

 
DEL BONO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,854
5,054

Corporation tax
496
-

Other creditors
392,522
415,961

Accruals and deferred income
52,985
1,800

452,857
422,815




 
Page 6