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Company Registration No. 12652345 (England and Wales)
Sirio Multilateral Strategies Ltd Unaudited accounts for the year ended 30 June 2023
Sirio Multilateral Strategies Ltd Unaudited accounts Contents
Page
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Sirio Multilateral Strategies Ltd Company Information for the year ended 30 June 2023
Director
Alessio Villanacci
Company Number
12652345 (England and Wales)
Registered Office
86-90 Paul Street London EC2A 4NE England
Accountants
striveX Ltd Beacon House Ibstone Road Stokenchurch Buckinghamshire HP14 3FE
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Sirio Multilateral Strategies Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,370 
7,786 
Current assets
Debtors
132,713 
93,300 
Cash at bank and in hand
319,738 
254,886 
452,451 
348,186 
Creditors: amounts falling due within one year
(121,658)
(57,098)
Net current assets
330,793 
291,088 
Total assets less current liabilities
339,163 
298,874 
Provisions for liabilities
Deferred tax
(2,093)
(1,947)
Net assets
337,070 
296,927 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
337,060 
296,917 
Shareholders' funds
337,070 
296,927 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 15 March 2024 and were signed on its behalf by
Alessio Villanacci Director Company Registration No. 12652345
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Sirio Multilateral Strategies Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Sirio Multilateral Strategies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12652345. The registered office is 86-90 Paul Street, London, EC2A 4NE, England.
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.
3
Accounting policies
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 7 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Computer equipment
33.33% straight line basis
Deferred taxation
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. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Sirio Multilateral Strategies Ltd Notes to the Accounts for the year ended 30 June 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
7,786 
Additions
4,464 
At 30 June 2023
12,250 
Depreciation
Charge for the year
3,880 
At 30 June 2023
3,880 
Net book value
At 30 June 2023
8,370 
At 30 June 2022
7,786 
5
Transactions with related parties
During the year the director loaned the company xxxxx (2022 - xxxx). The amount outstanding at the year end totalled xxxx (2022 - xxx). This loan is unsecured, interest free and repayable on demand.
6
Average number of employees
During the year the average number of employees was 6 (2022: 4).
7
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 July 2021 
30 June 2022 
£ 
£ 
Capital and reserves (as previously stated)
283,147 
298,874 
Transitional adjustment
(1,530)
(1,947)
Capital and reserves (as restated)
281,617 
296,927 
Reconciliation of profit or loss for the year
30 June 2022 
£ 
Profit for the year (as previously stated)
110,726 
Transitional adjustment
(1,947)
Profit for the year (as restated)
108,779 
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