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REGISTERED NUMBER: 07034013 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

RESTAINO PROPERTIES LIMITED

RESTAINO PROPERTIES LIMITED (REGISTERED NUMBER: 07034013)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESTAINO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Vito Restaino
Mrs Karen Restaino





REGISTERED OFFICE: 86 Upper Hanover
Sheffield
South Yorkshire
S3 7RQ





REGISTERED NUMBER: 07034013 (England and Wales)





ACCOUNTANTS: Altman Smith
461 - 463 London Road
Heeley
Sheffield
South Yorkshire
S2 4HL

RESTAINO PROPERTIES LIMITED (REGISTERED NUMBER: 07034013)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,459 8,924
Investment property 5 1,935,458 1,935,458
1,942,917 1,944,382

CURRENT ASSETS
Debtors 6 481 1,646
Cash at bank 126 1,366
607 3,012
CREDITORS
Amounts falling due within one year 7 151,169 136,458
NET CURRENT LIABILITIES (150,562 ) (133,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,792,355

1,810,936

CREDITORS
Amounts falling due after more than one
year

8

1,070,999

1,191,533
NET ASSETS 721,356 619,403

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 721,256 619,303
SHAREHOLDERS' FUNDS 721,356 619,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

RESTAINO PROPERTIES LIMITED (REGISTERED NUMBER: 07034013)

BALANCE SHEET - continued
30TH JUNE 2023


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 11th March 2024 and were signed on its behalf by:




Vito Restaino - Director



Mrs Karen Restaino - Director


RESTAINO PROPERTIES LIMITED (REGISTERED NUMBER: 07034013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Restaino Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RESTAINO PROPERTIES LIMITED (REGISTERED NUMBER: 07034013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th June 2023 37,334
DEPRECIATION
At 1st July 2022 28,410
Charge for year 1,465
At 30th June 2023 29,875
NET BOOK VALUE
At 30th June 2023 7,459
At 30th June 2022 8,924

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 1,935,458
NET BOOK VALUE
At 30th June 2023 1,935,458
At 30th June 2022 1,935,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 481 1,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,473 9,473
Taxation and social security 66,248 44,845
Other creditors 75,448 82,140
151,169 136,458

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 593,679 664,878
Other creditors 477,320 526,655
1,070,999 1,191,533

RESTAINO PROPERTIES LIMITED (REGISTERED NUMBER: 07034013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 561,681 262,463

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 603,152 674,351

The bank loans hold various company assets as security.