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REGISTERED NUMBER: 03421800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Mattioli Engineering Limited

Mattioli Engineering Limited (Registered number: 03421800)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mattioli Engineering Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A GECEL





SECRETARY: Inter.Gala Corporate Secretaries Ltd





REGISTERED OFFICE: 37-38 Long Acre
London
WC2E 9JT





REGISTERED NUMBER: 03421800 (England and Wales)





ACCOUNTANTS: InMindful (UK) Ltd
37-38 Long Acre
London
WC2E 9JT

Mattioli Engineering Limited (Registered number: 03421800)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 4 92,362 92,362
Investments 5 374,534 378,535
466,896 470,897

CURRENT ASSETS
Debtors 6 9,430 10,402
Cash at bank and in hand 4,732 1,499
14,162 11,901
CREDITORS
Amounts falling due within one year 7 773,944 775,901
NET CURRENT LIABILITIES (759,782 ) (764,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(292,886

)

(293,103

)

CREDITORS
Amounts falling due after more than one
year

8

85,000

70,000
NET LIABILITIES (377,886 ) (363,103 )

CAPITAL AND RESERVES
Called up share capital 9 12,547 12,547
Retained earnings 10 (390,433 ) (375,650 )
SHAREHOLDERS' FUNDS (377,886 ) (363,103 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mattioli Engineering Limited (Registered number: 03421800)

Balance Sheet - continued
31 October 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 director and authorised for issue on 26 July 2024 and were signed by:





A GECEL - Director


Mattioli Engineering Limited (Registered number: 03421800)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Mattioli Engineering Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets
Intangible assets are shown at cost.

They are amortised at the following rates in order to write off each asset over its useful life.

Patents and licenses - 5% straight line.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Mattioli Engineering Limited (Registered number: 03421800)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
€   
COST
At 1 November 2022
and 31 October 2023 109,173
AMORTISATION
At 1 November 2022
and 31 October 2023 16,811
NET BOOK VALUE
At 31 October 2023 92,362
At 31 October 2022 92,362

5. FIXED ASSET INVESTMENTS

31.10.23 31.10.22
€    €   
Shares in group undertakings 359,606 359,606
Loans to group undertakings 14,928 18,929
374,534 378,535

Additional information is as follows:
Shares in
group
undertakings
€   
COST
At 1 November 2022
and 31 October 2023 359,606
NET BOOK VALUE
At 31 October 2023 359,606
At 31 October 2022 359,606
Loans to
group
undertakings
€   
At 1 November 2022 18,929
Repayment in year (4,001 )
At 31 October 2023 14,928

Mattioli Engineering Limited (Registered number: 03421800)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
€    €   
Trade debtors 7,322 7,322
VAT 176 1,374
Prepayments 1,932 1,706
9,430 10,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
€    €   
Trade creditors 15,488 17,733
Other creditors 758,168 758,168
Accrued expenses 288 -
773,944 775,901

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
€    €   
Other creditors 85,000 70,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: €    €   
10,000 Ordinary £ 1 12,547 12,547

10. RESERVES
Retained
earnings
€   

At 1 November 2022 (375,650 )
Deficit for the year (14,783 )
At 31 October 2023 (390,433 )