Company registration number 11820199 (England and Wales)
FERDOTTI HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
FERDOTTI HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FERDOTTI HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
592,256
592,256
Current assets
Debtors
4
1,071,371
862,166
Cash at bank and in hand
197,498
346,847
1,268,869
1,209,013
Creditors: amounts falling due within one year
5
(52,681)
(171,740)
Net current assets
1,216,188
1,037,273
Total assets less current liabilities
1,808,444
1,629,529
Creditors: amounts falling due after more than one year
6
(506,400)
(506,400)
Net assets
1,302,044
1,123,129
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
1,301,944
1,123,029
Total equity
1,302,044
1,123,129

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 June 2024
Mr Timothy Guidotti
Director
Company Registration No. 11820199
FERDOTTI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Ferdotti Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Pleasant Street, The Lyng, West Bromwich, West Midlands, B70 7DP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

FERDOTTI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
592,256
592,256
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,071,371
862,166
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
52,681
171,740
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Redeemable Preference Shares
506,400
506,400

The Preference shares are redeemable at the option of the Company with Shareholder consent in the amount of £1 per Preference Share.

 

 

FERDOTTI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
75
75
75
75
Ordinary B shares of £1 each
15
15
15
15
Ordinary C1 shares of £1 each
5
5
5
5
Ordinary C2 shares of £1 each
5
5
5
5
100
100
100
100
8
Related party transactions

At the balance sheet date an amount of £972,999 was owed by Ferdotti Ventures Limited a company which Mr T Guidotti is a director of.

 

At the balance sheet date an amount of £98,372 was owed by Ferdotti Motor Services Limited a company which Mr T Guidotti is a director of.

 

2023-11-302022-12-01false27 June 2024CCH SoftwareCCH Accounts Production 2022.200No description of principal activityTimothy GuidottiMrs Judith Guidotti118201992022-12-012023-11-30118201992023-11-30118201992022-11-3011820199core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3011820199core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3011820199core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-3011820199core:Non-currentFinancialInstrumentscore:AfterOneYear2022-11-3011820199core:ShareCapital2023-11-3011820199core:ShareCapital2022-11-3011820199core:RetainedEarningsAccumulatedLosses2023-11-3011820199core:RetainedEarningsAccumulatedLosses2022-11-3011820199core:ShareCapitalOrdinaryShares2023-11-3011820199core:ShareCapitalOrdinaryShares2022-11-3011820199bus:Director12022-12-012023-11-30118201992021-12-012022-11-3011820199core:CurrentFinancialInstruments2022-11-3011820199core:CurrentFinancialInstruments2023-11-3011820199core:Non-currentFinancialInstruments2023-11-3011820199core:Non-currentFinancialInstruments2022-11-3011820199bus:PrivateLimitedCompanyLtd2022-12-012023-11-3011820199bus:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011820199bus:FRS1022022-12-012023-11-3011820199bus:AuditExemptWithAccountantsReport2022-12-012023-11-3011820199bus:CompanySecretary12022-12-012023-11-3011820199bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP