Cristo Velato Limited 09331568 false 2022-07-01 2023-10-31 2023-10-31 The principal activity of the company is the leasing of restaurant premises. Digita Accounts Production Advanced 6.30.9574.0 true true 09331568 2022-07-01 2023-10-31 09331568 2023-10-31 09331568 bus:OrdinaryShareClass1 2023-10-31 09331568 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09331568 core:LandBuildings 2023-10-31 09331568 bus:SmallEntities 2022-07-01 2023-10-31 09331568 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-10-31 09331568 bus:FilletedAccounts 2022-07-01 2023-10-31 09331568 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-10-31 09331568 bus:RegisteredOffice 2022-07-01 2023-10-31 09331568 bus:Director1 2022-07-01 2023-10-31 09331568 bus:Director2 2022-07-01 2023-10-31 09331568 bus:OrdinaryShareClass1 2022-07-01 2023-10-31 09331568 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-10-31 09331568 core:LandBuildings 2022-07-01 2023-10-31 09331568 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-07-01 2023-10-31 09331568 countries:England 2022-07-01 2023-10-31 09331568 2022-06-30 09331568 core:LandBuildings 2022-06-30 09331568 2021-07-01 2022-06-30 09331568 2022-06-30 09331568 bus:OrdinaryShareClass1 2022-06-30 09331568 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 09331568 core:LandBuildings 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09331568

Cristo Velato Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 1 July 2022 to 31 October 2023

 

Cristo Velato Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Cristo Velato Limited

Company Information

Directors

Angelo Emmanuele Ambrosio

Pasquale Chionchio

Registered office

11 Bond Street
London
W5 5AP

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Cristo Velato Limited

(Registration number: 09331568)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

151,486

179,986

Current assets

 

Cash at bank and in hand

 

16

23

Creditors: Amounts falling due within one year

(164,318)

(163,108)

Net current liabilities

 

(164,302)

(163,085)

Total assets less current liabilities

 

(12,816)

16,901

Accruals and deferred income

 

(1,800)

(1,200)

Net (liabilities)/assets

 

(14,616)

15,701

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(14,716)

15,601

Shareholders' (deficit)/funds

 

(14,616)

15,701

 

Cristo Velato Limited

(Registration number: 09331568)
Abridged Balance Sheet as at 31 October 2023 (continued)

For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Angelo Emmanuele Ambrosio
Director

 

Cristo Velato Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
11 Bond Street
London
W5 5AP

These financial statements were authorised for issue by the Board on 31 July 2024.

2

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cristo Velato Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 31 October 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and building leashold

Over the period of the lease.

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 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2022 - 0).

 

Cristo Velato Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 31 October 2023 (continued)

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

246,338

246,338

At 31 October 2023

246,338

246,338

Depreciation

At 1 July 2022

66,352

66,352

Charge for the period

28,500

28,500

At 31 October 2023

94,852

94,852

Carrying amount

At 31 October 2023

151,486

151,486

At 30 June 2022

179,986

179,986

Included within the net book value of land and buildings above is £151,486 (2022 - £179,986) in respect of short leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

       

6

Related party transactions

The company holds leases for three premises operated by associated company Scuderia Vesuvio Limited (SVL). All capital and revenue expenditure arising from this arrangement are recharged to SVL. At the year end, the company owed £164,318 (2022 - £163,108) in relation to unsecured and interest free loan which is repayable on demand.