Caseware UK (AP4) 2023.0.135 2023.0.135 2022-07-01falseNo description of principal activity44truetrue 11393626 2022-07-01 2023-06-30 11393626 2021-07-01 2022-06-30 11393626 2023-06-30 11393626 2022-06-30 11393626 c:Director1 2022-07-01 2023-06-30 11393626 c:Director2 2022-07-01 2023-06-30 11393626 c:Director3 2022-07-01 2023-06-30 11393626 c:Director4 2022-07-01 2023-06-30 11393626 c:RegisteredOffice 2022-07-01 2023-06-30 11393626 d:Buildings 2022-07-01 2023-06-30 11393626 d:Buildings 2023-06-30 11393626 d:Buildings 2022-06-30 11393626 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 11393626 d:CurrentFinancialInstruments 2023-06-30 11393626 d:CurrentFinancialInstruments 2022-06-30 11393626 d:Non-currentFinancialInstruments 2023-06-30 11393626 d:Non-currentFinancialInstruments 2022-06-30 11393626 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11393626 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11393626 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11393626 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11393626 d:ShareCapital 2023-06-30 11393626 d:ShareCapital 2022-06-30 11393626 d:RetainedEarningsAccumulatedLosses 2023-06-30 11393626 d:RetainedEarningsAccumulatedLosses 2022-06-30 11393626 c:FRS102 2022-07-01 2023-06-30 11393626 c:Audited 2022-07-01 2023-06-30 11393626 c:FullAccounts 2022-07-01 2023-06-30 11393626 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11393626 c:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11393626 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 11393626









Arighi Bianchi Property Company Limited









Financial statements

For the Year Ended 30 June 2023

 
Arighi Bianchi Property Company Limited
 
 
Company Information


Directors
J Bianchi 
P N E Bianchi 
R E Bianchi 
S Bianchi 




Registered number
11393626



Registered office
The Silk Road

Macclesfield

Cheshire

SK10 1LH




Independent auditors
Hurst Accountants Limited
Chartered Accountants & Statutory Auditors

Lancashire Gate

21 Tivot Dale

Stockport

SK1 1TD





 
Arighi Bianchi Property Company Limited
 

Contents



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
Arighi Bianchi Property Company Limited
Registered number: 11393626

Balance Sheet
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,700,000
2,760,000

Current assets
  

Debtors: amounts falling due within one year
 5 
10
10

  
10
10

Creditors: amounts falling due within one year
 6 
(114,201)
(108,213)

Net current liabilities
  
 
 
(114,191)
 
 
(108,203)

Total assets less current liabilities
  
2,585,809
2,651,797

Creditors: amounts falling due after more than one year
 7 
(2,451,288)
(2,565,489)

  

Net assets
  
134,521
86,308


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
134,511
86,298

  
134,521
86,308


The financial statements have been prepared 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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
J Bianchi
Director

Date: 12 March 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Arighi Bianchi Property Company Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 30 June 2023

1.


General information

Arighi Bianchi Property Company Limited is a private company limited by shares and incorporated in England and Wales.  The address of the registered office and its principal place of business is The Silk Road, Macclesfield, Cheshire, SK10 1LH.  The company's registered number is 11393626.

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 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. 
Revenue comprises rental income and is recognised on a straight line basis over the term of the lease.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
Arighi Bianchi Property Company Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 3

 
Arighi Bianchi Property Company Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 30 June 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 July 2022
3,000,000



At 30 June 2023

3,000,000



Depreciation


At 1 July 2022
240,000


Charge for the year on owned assets
60,000



At 30 June 2023

300,000



Net book value



At 30 June 2023
2,700,000



At 30 June 2022
2,760,000

A charge exists, by way of first legal mortgage and fixed charge, on the freehold property in favour of Arighi Bianchi Pension Trustees Limited as security trustee.


5.


Debtors

2023
2022
£
£


Amounts owed by group companies
10
10



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Secured loan notes
114,201
108,213


Loan notes are secured by way of legal mortgage on the freehold property.

Page 4

 
Arighi Bianchi Property Company Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 30 June 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Secured loan notes
2,451,288
2,565,489


Loan notes are secured by way of legal mortgage on the freehold property.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
1,927,705
2,069,356




8.


Controlling party

Arighi Bianchi Holdings Limited is the parent of the smallest group for which consolidated financial statements are drawn up and of which the company is a member. The registered office of Arighi Bianchi Holdings Limited is The Silk Road, Macclesfield, Cheshire, SK10 1LH.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2023 was unqualified.

The audit report was signed on 12 March 2024 by John Glover (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

Page 5