Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-01-01falseIce cream parlour2true 07726966 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07726966 d:CurrentFinancialInstruments 2023-12-31 07726966 d:CurrentFinancialInstruments 2022-12-31 07726966 c:Director1 2023-01-01 2023-12-31 07726966 c:FRS102 2023-01-01 2023-12-31 07726966 c:FullAccounts 2023-01-01 2023-12-31 07726966 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07726966 d:FurnitureFittings 2023-01-01 2023-12-31 07726966 d:FurnitureFittings 2023-12-31 07726966 d:FurnitureFittings 2022-12-31 07726966 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 07726966 d:Buildings d:LongLeaseholdAssets 2023-12-31 07726966 d:Buildings d:LongLeaseholdAssets 2022-12-31 07726966 d:Non-currentFinancialInstruments 2023-12-31 07726966 d:Non-currentFinancialInstruments 2022-12-31 07726966 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07726966 c:OrdinaryShareClass1 2023-12-31 07726966 c:OrdinaryShareClass1 2022-12-31 07726966 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07726966 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07726966 d:PlantMachinery 2023-01-01 2023-12-31 07726966 d:PlantMachinery 2023-12-31 07726966 d:PlantMachinery 2022-12-31 07726966 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07726966 d:RetainedEarningsAccumulatedLosses 2023-12-31 07726966 d:RetainedEarningsAccumulatedLosses 2022-12-31 07726966 d:ShareCapital 2023-12-31 07726966 d:ShareCapital 2022-12-31 07726966 2023-01-01 2023-12-31 07726966 2023-12-31 07726966 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07726966 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07726966 2022-01-01 2022-12-31 07726966 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07726966














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

 
HUNI GELATI LIMITED
 
T/A AMORINO
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 6


 
HUNI GELATI LIMITED
  
T/A AMORINO
REGISTERED NUMBER:07726966

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,571
11,593

Current assets
  

Stocks
  
14,594
12,188

Debtors
 5 
80,777
92,839

Cash at bank and in hand
  
199,547
135,705

  
294,918
240,732

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(158,964)
(99,677)

Net current assets
  
 
 
135,954
 
 
141,055

Net assets
  
150,525
152,648


Capital and reserves
  

Called up share capital 
 7 
150,000
150,000

Profit and loss account
  
525
2,648

  
150,525
152,648


The directors consider 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 directors acknowledge their 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.

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 2 to 6 form part of these financial statements.
Page 1

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

1.


General information

Huni Gelati Limited is a private limited liability company incorporated in England and Wales, with its registered office and business office address at 67A Kings Road, London, SW3 4NT.
The principal activity of the Company is the operation of an ice cream parlour.

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 year, 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

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:

Improvement to leasehold property
-
Over the term of the lease
Plant and machinery
-
16.66%
Fixtures and fittings
-
16.66%

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

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

2.Accounting policies (continued)

 
2.4

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. 

 
2.5

Debtors

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

 
2.6

Cash and cash equivalents

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

 
2.7

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 and related parties.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 3

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

2.Accounting policies (continued)

 
2.11

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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.

 
2.12

Dividends

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

 
2.13

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.

 
2.14

Taxation

The tax expense for the year 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.


3.


Employees

All staff are employed by a related party company and their salaries are recharged at cost.





Page 4

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

4.


Tangible fixed assets





Improvements to leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 January 2023
125,458
22,768
78,311
226,537


Additions
-
-
5,553
5,553



At 31 December 2023

125,458
22,768
83,864
232,090



Depreciation


At 1 January 2023
119,037
22,768
73,139
214,944


Charge for the year on owned assets
676
-
1,899
2,575



At 31 December 2023

119,713
22,768
75,038
217,519



Net book value



At 31 December 2023
5,745
-
8,826
14,571



At 31 December 2022
6,421
-
5,172
11,593


5.


Debtors

2023
2022
£
£

Due after more than one year

Rent deposit
45,000
45,000

Due within one year

Trade debtors
1,054
1,928

Other debtors
7,683
32,925

Prepayments and accrued income
27,040
12,986

80,777
92,839


Page 5

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
52,416
2,579

Taxation and social security
16,155
12,369

Other creditors
36,440
21,121

Accruals and deferred income
53,953
63,608

158,964
99,677



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



150,000 (2022 - 150,000) Ordinary shares of £1 each
150,000
150,000


 
Page 6