Company Registration No. 11985297 (England and Wales)
ROSSBACCO LTD
Unaudited accounts
for the year ended 31 May 2023
ROSSBACCO LTD
Unaudited accounts
Contents
ROSSBACCO LTD
Company Information
for the year ended 31 May 2023
Directors
Diego Deboni Rossetto
Fabio Deboni Rossetto
Company Number
11985297 (England and Wales)
Registered Office
33 Whitehaven Close
Bromley
BR2 0YA
Accountants
Wizz Accounting Ltd
128 City Road
London
EC1V 2NX
ROSSBACCO LTD
Statement of financial position
as at 31 May 2023
Called up share capital not paid
-
15,000
Tangible assets
1,078
2,020
Investment property
1,516,635
1,173,186
Cash at bank and in hand
239,276
557,777
Creditors: amounts falling due within one year
4,708
(2,363)
Net current assets
543,984
810,409
Total assets less current liabilities
2,061,697
2,000,615
Creditors: amounts falling due after more than one year
(100,000)
-
Net assets
1,961,697
2,000,615
Called up share capital
2,052,000
2,052,000
Profit and loss account
(90,303)
(51,385)
Shareholders' funds
1,961,697
2,000,615
For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by
Diego Deboni Rossetto
Director
Company Registration No. 11985297
ROSSBACCO LTD
Notes to the Accounts
for the year ended 31 May 2023
ROSSBACCO LTD is a private company, limited by shares, registered in England and Wales, registration number 11985297. The registered office is 33 Whitehaven Close, Bromley, BR2 0YA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
4 years
Computer equipment
3 years
ROSSBACCO LTD
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
544
2,418
2,962
At 31 May 2023
544
2,418
2,962
At 1 June 2022
136
806
942
Charge for the year
136
806
942
At 31 May 2023
272
1,612
1,884
At 31 May 2023
272
806
1,078
At 31 May 2022
408
1,612
2,020
Fair value at 1 June 2022
1,173,186
The investment property has been brought into the accounts at the purchase price and regular price reviews will be carried out and reported in subsequent accounts filings.
Amounts falling due within one year
Other debtors
300,000
254,995
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(4,708)
2,363
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
50,000
-
Director Fabio Deboni Rossetto loaned £50,000.00 to RossBacco Ltd during the 2023 financial year.
Fernando Deboni Rossetto loaned £50,000.00 to RossBacco Ltd during the 2023 financial year.
ROSSBACCO LTD
Notes to the Accounts
for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).