IRIS Accounts Production v24.1.9.2 07075954 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070759542022-11-30070759542023-11-30070759542022-12-012023-11-30070759542021-11-30070759542021-12-012022-11-30070759542022-11-3007075954ns15:EnglandWales2022-12-012023-11-3007075954ns14:Euro2022-12-012023-11-3007075954ns10:Director12022-12-012023-11-3007075954ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007075954ns10:SmallEntities2022-12-012023-11-3007075954ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007075954ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007075954ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007075954ns10:FullAccounts2022-12-012023-11-3007075954ns10:OrdinaryShareClass12022-12-012023-11-3007075954ns10:RegisteredOffice2022-12-012023-11-3007075954ns5:CurrentFinancialInstruments2023-11-3007075954ns5:CurrentFinancialInstruments2022-11-3007075954ns5:ShareCapital2023-11-3007075954ns5:ShareCapital2022-11-3007075954ns5:RetainedEarningsAccumulatedLosses2023-11-3007075954ns5:RetainedEarningsAccumulatedLosses2022-11-3007075954ns5:PlantMachinery2022-12-012023-11-3007075954ns5:PlantMachinery2022-11-3007075954ns5:PlantMachinery2023-11-3007075954ns5:PlantMachinery2022-11-3007075954ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007075954ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007075954ns10:OrdinaryShareClass12023-11-3007075954ns5:RetainedEarningsAccumulatedLosses2022-11-3007075954ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 07075954 (England and Wales)















Agape Investimenti Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Agape Investimenti Limited (Registered number: 07075954)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Agape Investimenti Limited

Company Information
for the year ended 30 November 2023







Director: J-S Decaux





Registered office: 15 Appold Street
London
EC2A 2HB





Registered number: 07075954 (England and Wales)

Agape Investimenti Limited (Registered number: 07075954)

Balance Sheet
30 November 2023

2023 2022
Notes
Fixed assets
Tangible assets 4 47,600 54,400

Current assets
Debtors 5 13,496 15,980
Cash at bank and in hand 56,697 131,375
70,193 147,355
Creditors
Amounts falling due within one year 6 18,227,578 17,365,930
Net current liabilities (18,157,385 ) (17,218,575 )
Total assets less current liabilities (18,109,785 ) (17,164,175 )

Capital and reserves
Called up share capital 8 1 1
Retained earnings 9 (18,109,786 ) (17,164,176 )
Shareholders' funds (18,109,785 ) (17,164,175 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 18 July 2024 and were signed by:





J-S Decaux - Director


Agape Investimenti Limited (Registered number: 07075954)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Agape Investimenti 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.

Set out below is a summary of the principal accounting policies, all of which have been applied consistently (except as otherwise stated).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern
The current economic conditions present have increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as it is funded by loans from the director and he has no current intention to require repayment. For this reason, he continues to adopt the going concern basis in preparing the financial statements.

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.
(ii) Trade and other receivables.
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.
At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment 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. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

Agape Investimenti Limited (Registered number: 07075954)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Tangible fixed assets
Plant and
machinery
Cost
At 1 December 2022
and 30 November 2023 3,136,344
Depreciation
At 1 December 2022 3,081,944
Charge for year 6,800
At 30 November 2023 3,088,744
Net book value
At 30 November 2023 47,600
At 30 November 2022 54,400

5. Debtors: amounts falling due within one year
2023 2022
Called up share capital not paid 1 1
Prepayments and accrued income 13,495 15,979
13,496 15,980

6. Creditors: amounts falling due within one year
2023 2022
Other loans (see note 7) 2,500,000 2,500,000
Trade creditors 11,187 58,727
Other creditors 2,808 2,808
Wages Payable 11,288 -
Directors' loan accounts 15,699,395 14,799,395
Accruals and deferred income 2,900 5,000
18,227,578 17,365,930

7. Loans

An analysis of the maturity of loans is given below:

2023 2022
Amounts falling due within one year or on demand:
Other loans 2,500,000 2,500,000

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value:
1 Share capital 1 1.00 1 1

Agape Investimenti Limited (Registered number: 07075954)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


9. Reserves
Retained
earnings

At 1 December 2022 (17,164,176 )
Deficit for the year (945,610 )
At 30 November 2023 (18,109,786 )

10. Director's advances, credits and guarantees

At the balance sheet date Jean-Sebastien Decaux was owed €15,699,395 (2022 - €14,799,395), there are no fixed terms for repayment and the loans are interest free.

11. Ultimate controlling party

The ultimate controlling party is J-S Decaux.

M. Jean-Sebastien Decaux has confirmed that he will provide continuing support for the company for the foreseeable future.