Registered number |
Registered number: | |||||||
Abridged Balance Sheet | |||||||
as at |
|||||||
Notes | 2023 | 2022 | |||||
$ | $ | ||||||
Fixed assets | |||||||
Investments | 5 | ||||||
Current assets | |||||||
Debtors | 6 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | ( |
( |
|||||
Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
Alexandre Benedetti | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Abridged Accounts | ||||||||
for the year ended |
||||||||
1 | Other information | |||||||
The Company is a private company limited by shares and is registered in England and Wales. The address of the registered office is: | ||||||||
2 | Statement of Compliance | |||||||
3 | Accounting policies | |||||||
The principal accounting policies applied in the preparation of these financial statements are set out below. The company has adopted FRS 102, Section 1A (Small Entities) in these financial statements. These policies have been consistently applied to all the periods presented, unless otherwise stated. | ||||||||
Basis of preparation | ||||||||
The abridged financial statements are prepared on a going concern basis, under the historical cost convention. |
||||||||
Group accounts not prepared | ||||||||
Foreign currency | ||||||||
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 profit and loss account. |
||||||||
Revenue recognition | ||||||||
Current tax | ||||||||
Fixed Assets | ||||||||
Cash and cash equivalents | ||||||||
Financial instruments |
The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. | ||||||||
a) Financial assets | ||||||||
Basic financial assets, including trade and other receivables and cash and bank balances are recognised at transaction price. Such assets are subsequently carried at amortised cost less impairment. At the end of each reporting period, financial assets measured at cost or amortised cost are assessed for objective evidence of impairment. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss. All assets that are individually significant are assessed individually for impairment. Other financial assets are either assessed individually or grouped where appropriate. Any reversals of impairment are recognised in profit or loss immediately to the extent that the reversal does not result in a carrying amount of the financial assets that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
||||||||
b) Financial liabilities | ||||||||
Basic financial liabilities, including trade and other payables are initially recognised at transaction price. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at transaction price and subsequently measured at amortised cost. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
||||||||
c) Offsetting | ||||||||
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Share capital and distributions to equity holders | ||||||||
4 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
5 | Investments | |||||||
Investments in | Other | |||||||
associates | investments | Total | ||||||
$ | $ | $ | ||||||
Cost | ||||||||
At 1 July 2022 | ||||||||
Impairment | ( |
- | (30,000) | |||||
Unrealised loss | ( |
(677) | ||||||
Disposals | - | ( |
(252) | |||||
At 30 June 2023 | - | |||||||
6 | Debtors | 2023 | 2022 | |||||
$ | $ | |||||||
Amounts due after more than one year included in debtors | - | |||||||
7 | Share capital | 2023 | 2022 | |||||
Allotted, called up and fully paid shares | $ | $ | ||||||
Ordinary fully paid shares of GBP |
||||||||
8 | Events after the reporting date | |||||||
9 | Related party transactions | |||||||