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Molesi Limited
 
 
Company Registration Number
13115684
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/01/2023
 
End date 31/12/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Molesi Limited
 
Contents of the Financial Statements
for the Period Ended 31 December 2023
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Molesi Limited
Company Information
for the Period Ended 31 December 2023
 
Directors Amedeo Strano
 
 
Registered office 76 Deansway
London
N9 9UD
 
Company Registration Number 13115684
 
Accountants Name Mr Vincenzo Strano
Address Via Passo Gravina 184/a Int.19
Catania, 95125
Italy
Telephone +39 095 221910
Email studiostranovincenzo@legalmail.it
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Molesi Limited
Directors Report
for the Period Ended 31 December 2023
The directors present their report with the financial statements of the company for the
period ended 31 December 2023
Principal activities
The principal activity of the company in the period under review was
Special Purpose Vehicle Company holding property
Directors
The director(s) shown below have held office during the whole of the period
Amedeo Strano
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-07-14
and signed on behalf of the board by
Name Amedeo Strano
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Molesi Limited
 
Accountants' Report
for the Period Ended 31 December 2023
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 December 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 December 2023 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Mr Vincenzo Strano
Via Passo Gravina 184/a Int.19
Catania, 95125
Italy
Telephone +39 095 221910
Email studiostranovincenzo@legalmail.it
 
Date 2024-07-14
Page 5
Molesi Limited
 
Profit and Loss Account
for the Period Ended 31 December 2023
2023 2,022
Notes £ £
 
Turnover 2 59,594 46,793
Cost of sales 48 38
______ ______
Gross Profit/(Loss) 59,546 46,755
 
Distribution costs 6,040 7,587
Administrative expenses 23,724 24,424
______ ______
Operating costs 29,765 32,010
 
______ ______
Operating Profit/(Loss) 3 29,781 14,745
______ ______
Interest payable and similar 15,806 14,257
______ ______
Net Finance income/(Loss) (15,806) (14,257)
______ ______
Profit/(Loss) on ordinary activities before taxation 13,975 488
 
Tax on profit on ordinary activities 4 2,655 93
________ ______
Profit/(Loss) for the financial period after taxation 11,320 395
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
Page 6
Molesi Limited
Balance Sheet
for the Period Ended 31 December 2023
Company registration number 13115684
2023 2,022
Notes £ £
Fixed assets
Tangible fixed assets 6 638,800 638,800
_______ _______
Total fixed assets 638,800 638,800
Creditors
Creditors - amounts falling
due within one year 7 2,655 93
_______ _______
Net current assets (2,655) (93)
_______ _______
Total assets less current liabilities 636,145 638,707
_______ _______
Creditors - amounts falling
due after more than one year 8 624,725 638,212
_______ _______
Long term creditors 624,725 638,212
________ ______
Net assets/(liabilities) 11,420 495
Capital and reserves
Called up share capital 9 100 100
Profit and loss account 10 11,320 395
________ ______
Total shareholders funds 11,420 495
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Molesi Limited
 
Balance Sheet
for the Period Ended 31 December 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 December 2023 the company was entitled to exemption 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.
 
The financial statements were approved by the Board of Directors on 2024-07-14
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Amedeo Strano
Status Director
 
The notes form part of these financial statements
Average number of employees during period 0
 
 
 
 
 
 
 
 
 
Page 8
Molesi Limited
Notes to the Financial Statements
for the Period Ended 31 December 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Molesi Limited
Notes to the Financial Statements
for the Period Ended 31 December 2023
2. Turnover 2023 2,022
£ £
United Kingdom 59,594 46,793
________ ________
Total 59,594 46,793
3. Operating profit/(loss) 2023 2,022
Profit before tax as stated after charging the following £ £
4. Taxation
The tax charge on the profit on ordinary activities 2023 2,022
for the period was as follows £ £
UK Corporation Tax net of reliefs 2,655 93
_______ _____
Tax on profit on ordinary activities 2,655 93
5. Dividends 2023 2,022
£ £
Dividend on ordinary shares paid in period 395
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Molesi Limited
Notes to the Financial Statements
for the Period Ended 31 December 2023
6. Tangible fixed assets
Land and Total
buildings
Cost £ £
At 1 January 2023 638,800 638,800
______ ______
At 31 December 2023 638,800 638,800
Depreciation
At 1 January 2023
At 31 December 2023
Net book value
At 31 December 2023 638,800 638,800
At 31 December 2022 638,800 638,800
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Molesi Limited
Notes to the Financial Statements
for the Period Ended 31 December 2023
7. Creditors amounts falling due within one year 2023 2,022
Corporation tax 2,655 93
_______ _____
Total 2,655 93
8. Creditors amounts falling due after more than one year 2023 2,022
Bank loans 435,540 435,540
Other creditors 189,185 202,672
_________ _________
Total 624,725 638,212
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Molesi Limited
Notes to the Financial Statements
for the Period Ended 31 December 2023
9. Share capital 2023 2,022
Authorised type Par value £ £
Ordinary 100 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordinary 100 100
___ ___
Total 100 100
10. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 January 2023 395
Profit/(Loss) for year 11,320
Dividends paid 395
________
Retained Profit/(Loss) at 31 December 2023 11,320
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13