Registration number:
1001 WINDS LIMITED
for the Year Ended 30 June 2023
1001 WINDS LIMITED
Contents
Company Information |
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Director's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
1001 WINDS LIMITED
Company Information
Director |
Vincenzo Rosati |
Company secretary |
Woodford Services Limited |
Registered office |
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Accountants |
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1001 WINDS LIMITED
Director's Report for the Year Ended 30 June 2023
The report and the financial statements for the year ended 30 June 2023.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of an investment company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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1001 WINDS LIMITED
Profit and Loss Account for the Year Ended 30 June 2023
Note |
2023 |
2022 |
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Turnover |
- |
- |
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Gross profit/(loss) |
- |
- |
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Administrative expenses |
( |
( |
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Operating loss |
(1,297) |
(879) |
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Other interest receivable and similar income |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
1001 WINDS LIMITED
Statement of Comprehensive Income for the Year Ended 30 June 2023
2023 |
2022 |
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Profit for the year |
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Total comprehensive income for the year |
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1001 WINDS LIMITED
(Registration number: 06317229)
Balance Sheet as at 30 June 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
126 |
126 |
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Retained earnings |
102,081 |
94,643 |
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Shareholders' funds |
102,207 |
94,769 |
For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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1001 WINDS LIMITED
Statement of Changes in Equity for the Year Ended 30 June 2023
Share capital |
Retained earnings |
Total |
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At 1 July 2022 |
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Profit for the year |
- |
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At 30 June 2023 |
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Share capital |
Retained earnings |
Total |
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At 1 July 2021 |
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Profit for the year |
- |
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At 30 June 2022 |
126 |
94,643 |
94,769 |
1001 WINDS LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
1001 WINDS LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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1001 WINDS LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Subsidiaries |
€ |
Cost or valuation |
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At 1 July 2022 |
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Provision |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Str.CS Nicolaescu Plopsor
ROMANIA |
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Subsidiary undertakings |
IEMME ROMANIA SRL The principal activity of IEMME ROMANIA SRL is |
Debtors |
Note |
2023 |
2022 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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1001 WINDS LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
- |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
€ |
No. |
€ |
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126 |
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126 |
Related party transactions |
Loans to related parties
2023 |
Subsidiary |
Total |
At start of period |
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Interest transactions |
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At end of period |
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2022 |
Subsidiary |
Total |
At start of period |
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Interest transactions |
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At end of period |
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Terms of loans to related parties
Loans from related parties
1001 WINDS LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
2023 |
Other related parties |
Total |
At start of period |
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Advanced |
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At end of period |
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2022 |
Other related parties |
Total |
At start of period |
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At end of period |
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Terms of loans from related parties