White Echo Ltd 10243773 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of providing private equity consulting services. Digita Accounts Production Advanced 6.30.9574.0 true false true false 10243773 2023-01-01 2023-12-31 10243773 2023-12-31 10243773 core:RetainedEarningsAccumulatedLosses 2023-12-31 10243773 core:ShareCapital 2023-12-31 10243773 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10243773 core:Non-currentFinancialInstruments 2023-12-31 10243773 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10243773 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 10243773 bus:SmallEntities 2023-01-01 2023-12-31 10243773 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10243773 bus:AbridgedAccounts 2023-01-01 2023-12-31 10243773 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10243773 bus:RegisteredOffice 2023-01-01 2023-12-31 10243773 bus:Director2 2023-01-01 2023-12-31 10243773 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10243773 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10243773 core:ShareCapital 2023-01-01 2023-12-31 10243773 core:Subsidiary1 2023-01-01 2023-12-31 10243773 core:Subsidiary1 1 2023-01-01 2023-12-31 10243773 core:Subsidiary1 countries:Italy 2023-01-01 2023-12-31 10243773 countries:AllCountries 2023-01-01 2023-12-31 10243773 2022-12-31 10243773 core:RetainedEarningsAccumulatedLosses 2022-12-31 10243773 core:ShareCapital 2022-12-31 10243773 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 10243773 2022-01-01 2022-12-31 10243773 2022-12-31 10243773 core:RetainedEarningsAccumulatedLosses 2022-12-31 10243773 core:ShareCapital 2022-12-31 10243773 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10243773 core:Non-currentFinancialInstruments 2022-12-31 10243773 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10243773 core:ShareCapital 2022-01-01 2022-12-31 10243773 core:Subsidiary1 1 2022-01-01 2022-12-31 10243773 2021-12-31 10243773 core:RetainedEarningsAccumulatedLosses 2021-12-31 10243773 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 10243773

White Echo Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

White Echo Ltd

Contents

Company Information

1

Director's Report

2

Abridged Statement Financial Position

3

Statement of Changes in Equity

4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

White Echo Ltd

Company Information

Director

Pietro Marini

Registered office

12 Bridewell Place
Third Floor East
London
United Kingdom
EC4V 6AP

 

White Echo Ltd

Director's Report for the Year Ended 31 December 2023

The director presents his report and the abridged financial statements for the year ended 31 December 2023.

Director of the company

The director who held office during the year was as follows:

Pietro Marini

Principal activity

The principal activity of the company is that of providing private equity consulting services.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 16 August 2024
 

.........................................
Pietro Marini
Director

 

White Echo Ltd

(Registration number: 10243773)
Abridged Statement Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

-

9,151

Current assets

 

Cash at bank and in hand

 

4,176

3,253

Creditors: Amounts falling due within one year

(9,415)

(15,390)

Net current liabilities

 

(5,239)

(12,137)

Net liabilities

 

(5,239)

(2,986)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(5,240)

(2,987)

Shareholders' deficit

 

(5,239)

(2,986)

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

Director's responsibilities:

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

The director acknowledges his 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 Income Statement and an Abridged Statement Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 August 2024
 

.........................................
Pietro Marini
Director

 

White Echo Ltd

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

1

(2,987)

(2,986)

Loss for the year

-

(2,253)

(2,253)

At 31 December 2023

1

(5,240)

(5,239)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

1

(4,835)

(4,834)

Profit for the year

-

1,848

1,848

At 31 December 2022

1

(2,987)

(2,986)

 

White Echo Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
12 Bridewell Place
Third Floor East
London
United Kingdom
EC4V 6AP

These financial statements were authorised for issue by the director on 16 August 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 accounts have been prepared on a going concern basis that the Member will continue to support the company.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

White Echo Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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 the director) during the year, was 0 (2022 - 0).

4

Investments

 

White Echo Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Total
£

Cost or valuation

At 1 January 2023

9,151

Disposals

(9,151)

At 31 December 2023

-

Provision

Carrying amount

At 31 December 2023

-

At 31 December 2022

9,151

2023
£

2022
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Investment Capital 2M SRL

Milano (MI) - Via Monte Rosa 17

Italy

Ordinary share

0%

90%

Subsidiary undertakings

Investment Capital 2M SRL

The principal activity of Investment Capital 2M SRL is Buying and selling of real estate on own assets.

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.