Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.2023-01-01truefalsefalseIce ceam parlour10382The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06857659 2023-01-01 2023-12-31 06857659 2022-01-01 2022-12-31 06857659 2023-12-31 06857659 2022-12-31 06857659 2022-01-01 06857659 c:Director1 2023-01-01 2023-12-31 06857659 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 06857659 d:Buildings d:LongLeaseholdAssets 2023-12-31 06857659 d:Buildings d:LongLeaseholdAssets 2022-12-31 06857659 d:MotorVehicles 2023-01-01 2023-12-31 06857659 d:MotorVehicles 2023-12-31 06857659 d:MotorVehicles 2022-12-31 06857659 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06857659 d:FurnitureFittings 2023-01-01 2023-12-31 06857659 d:FurnitureFittings 2023-12-31 06857659 d:FurnitureFittings 2022-12-31 06857659 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06857659 d:OfficeEquipment 2023-01-01 2023-12-31 06857659 d:OfficeEquipment 2023-12-31 06857659 d:OfficeEquipment 2022-12-31 06857659 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06857659 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06857659 d:CurrentFinancialInstruments 2023-12-31 06857659 d:CurrentFinancialInstruments 2022-12-31 06857659 d:Non-currentFinancialInstruments 2023-12-31 06857659 d:Non-currentFinancialInstruments 2022-12-31 06857659 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06857659 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06857659 d:ShareCapital 2023-12-31 06857659 d:ShareCapital 2022-12-31 06857659 d:RetainedEarningsAccumulatedLosses 2023-12-31 06857659 d:RetainedEarningsAccumulatedLosses 2022-12-31 06857659 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06857659 c:OrdinaryShareClass1 2023-12-31 06857659 c:OrdinaryShareClass1 2022-12-31 06857659 c:FRS102 2023-01-01 2023-12-31 06857659 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06857659 c:FullAccounts 2023-01-01 2023-12-31 06857659 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06857659 2 2023-01-01 2023-12-31 06857659 6 2023-01-01 2023-12-31 06857659 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06857659 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06857659














H2C GELATI LIMITED
T/A AMORINO
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
H2C GELATI LIMITED
 
T/A AMORINO
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
H2C GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:06857659

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
118,521
177,348

Investments
 5 
2,500
2,500

  
121,021
179,848

Current assets
  

Stocks
  
48,246
45,776

Debtors
 6 
1,214,444
1,121,699

Current asset investments
 7 
346,821
410,736

Cash at bank and in hand
  
1,838,704
1,037,666

  
3,448,215
2,615,877

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(928,169)
(824,610)

Net current assets
  
 
 
2,520,046
 
 
1,791,267

Total assets less current liabilities
  
2,641,067
1,971,115

Provisions for liabilities
  

Deferred tax
 9 
(22,653)
(35,000)

Net assets
  
2,618,414
1,936,115


Capital and reserves
  

Called up share capital 
 10 
5,000
5,000

Profit and loss account
  
2,613,414
1,931,115

  
2,618,414
1,936,115


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 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.

Page 1

 
H2C GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:06857659
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2024.


H Attali
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

H2C Gelati Limited t/a Amorino is a private limited liability company incorporated in England and Wales, with its registered office at 67A Kings Road, London, SW3 4NT.
The principal activity of the Company is the operation of ice cream parlours.

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

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.
Revenue from the sale of products is recognised at the point of sale. Revenue from the provision of services is recognised in the period in which the service is provided.

 
2.3

Associates

Investments held in associates are shown at cost less provision for impairment.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Improvement to leasehold property
-
Over period of lease
Motor vehicles
-
25% straight line
Fixtures, fittings and equipment
-
20% straight line
Office equipment
-
33% 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 3

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in unlisted company shares, whose market value cannot be reliably determined are stated at historic cost less impairment.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for slow moving and out of date items. 

 
2.7

Debtors

Short term debtors are measured at the 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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, loans to related parties and investments in ordinary shares.

 
2.10

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.

 
2.11

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 4

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.13

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.14

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.15

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.16

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Page 5

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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 reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 103 (2022 - 82).

Page 6

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Improvement to leasehold property
Motor vehicles
Fixtures, fittings and equipment
Office equipment
Total

£
£
£
£
£



Cost


At 1 January 2023
400,752
34,017
589,518
32,838
1,057,125


Additions
-
19,874
11,581
6,134
37,589



At 31 December 2023

400,752
53,891
601,099
38,972
1,094,714



Depreciation


At 1 January 2023
367,070
14,233
469,191
29,283
879,777


Charge for the year on owned assets
5,772
6,325
82,052
2,267
96,416



At 31 December 2023

372,842
20,558
551,243
31,550
976,193



Net book value



At 31 December 2023
27,910
33,333
49,856
7,422
118,521



At 31 December 2022
33,682
19,784
120,327
3,555
177,348


5.


Fixed asset investments





Investments in associates

£



Cost


At 1 January 2023
2,500



At 31 December 2023

2,500






Net book value



At 31 December 2023
2,500



At 31 December 2022
2,500

Page 7

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors


2023
2022
£
£

Due after more than one year

Other debtors
90,000
90,000

Due within one year

Trade debtors
256,131
169,932

Amounts owed by associated undertakings
723,326
703,946

Other debtors
44,344
31,114

Prepayments and accrued income
100,643
126,707

1,214,444
1,121,699



7.


Current asset investments

2023
2022
£
£

Unlisted investments
346,821
410,736



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
68,176
180,477

Taxation and social security
430,833
335,196

Other creditors
189,290
128,202

Accruals and deferred income
239,870
180,735

928,169
824,610



9.


Deferred taxation

Page 8

 
H2C GELATI LIMITED
 
T/A AMORINO
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
9.Deferred taxation (continued)




2023
2022


£

£






At beginning of year
(35,000)
(43,149)


Release to profit or loss
12,347
8,149



At end of year
(22,653)
(35,000)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(22,653)
(35,000)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,000 (2022 - 5,000) Ordinary shares of £1 each
5,000
5,000


 
Page 9