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REGISTERED NUMBER: 11262482 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Giovanni Investments Ltd

Giovanni Investments Ltd (Registered number: 11262482)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Giovanni Investments Ltd

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs Filomena Frattura
Mr Franco Frattura





SECRETARY: Mrs Filomena Frattura





REGISTERED OFFICE: 39 Vyner Road
London
W3 7LY





REGISTERED NUMBER: 11262482 (England and Wales)





ACCOUNTANTS: G Defor and Co
Chartered Certified Accountants
55 Carters Mead
Harlow
Essex
CM17 9ER

Giovanni Investments Ltd (Registered number: 11262482)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 980,000 980,000

CURRENT ASSETS
Debtors 5 122,500 -
Cash at bank and in hand 6,021 5,787
128,521 5,787
CREDITORS
Amounts falling due within one year 6 31,466 25,480
NET CURRENT ASSETS/(LIABILITIES) 97,055 (19,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,055

960,307

CREDITORS
Amounts falling due after more than one
year

7

811,775

676,145
NET ASSETS 265,280 284,162

CAPITAL AND RESERVES
Called up share capital 320,000 320,000
Retained earnings (54,720 ) (35,838 )
SHAREHOLDERS' FUNDS 265,280 284,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Giovanni Investments Ltd (Registered number: 11262482)

Balance Sheet - continued
31 March 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 23 December 2023 and were signed on its behalf by:





Mrs Filomena Frattura - Director


Giovanni Investments Ltd (Registered number: 11262482)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Giovanni Investments Ltd 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.

Investment property
Investment properties, which comprises properties held for rental, are revalue annually and aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the profit and loss account. No provision is made for depreciation of investment properties. This is a departure from the requirement of the Regulations, which require all properties to be depreciated, is in the opinion of the Director, necessary for financial statement to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

Going concern
No material uncertainties related to events or conditions that may casts significant doubt on the ability of the company to continue as a going concern have been identified by the director.

3. EMPLOYEES AND DIRECTORS

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

Giovanni Investments Ltd (Registered number: 11262482)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 980,000
NET BOOK VALUE
At 31 March 2023 980,000
At 31 March 2022 980,000

The bank has a legal charge over the invesment property of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 122,500 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 29,100 21,829
Rent deposit 2,211 2,211
Other creditors 155 1,440
31,466 25,480

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 811,775 676,145

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan 811,775 676,145

8. RELATED PARTY DISCLOSURES

During the current, the company was controlled by the directors, Mrs Felomena Frattura and Mr Franco Frattura by vitue of ownership of the entire share capital.

At the balance sheet date, the company owed it's directors £156 (2022- £1,440)