REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 November 2023 |
for |
ARNALDI INVESTMENTS LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 November 2023 |
for |
ARNALDI INVESTMENTS LTD |
ARNALDI INVESTMENTS LTD (REGISTERED NUMBER: 08792082) |
Contents of the Financial Statements |
for the year ended 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
ARNALDI INVESTMENTS LTD |
Company Information |
for the year ended 30 NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
ARNALDI INVESTMENTS LTD (REGISTERED NUMBER: 08792082) |
Statement of Financial Position |
30 NOVEMBER 2023 |
30/11/23 | 30/11/22 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
ARNALDI INVESTMENTS LTD (REGISTERED NUMBER: 08792082) |
Notes to the Financial Statements |
for the year ended 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Arnaldi Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Going concern |
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
Revaluation |
Sample |
The valuation of investment properties were made by the directors, on an open market basis in 2011. This was based on a conservative valuation taking into account sales of similar properties in the relevant area. The directors believe that there has been no significant changes in values since. |
Two of the properties were professionally valued in July 2012 by Knight Freeman, Chartered Surveyors. The directors will consider a full valuation in the 2013 accounts. The open market values are expected to be higher than the amounts currently shown in the accounts. |
Creditors- secured loans |
Sample - consider annual repayments, interest only or not, maturity date |
The secure bank loans, the aggregate total of which amounts to £1,042,080 , are repayable in annual instalments of £61,200.A new loan of £350,000 was taken out in May 2012 on an interest only basis for two years. |
The bank loans are secured by charges over the properties owned by the company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - |
ARNALDI INVESTMENTS LTD (REGISTERED NUMBER: 08792082) |
Notes to the Financial Statements - continued |
for the year ended 30 NOVEMBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/23 | 30/11/22 |
£ | £ |
Amounts owed to group undertakings |
Directors' loan accounts | 8,230 | 8,230 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/11/23 | 30/11/22 |
value: | £ | £ |
A Ordinary | £1 | 100 | 100 |
D Ordinary | £1 | 10,000 | 10,000 |
10,100 | 10,100 |
7. | CONTINGENT LIABILITIES |
The company has no contingent liabilities as at 30 November 2015. |
8. | CAPITAL COMMITMENTS |
There are no capital commitments contracted in the year. |
9. | RELATED PARTY DISCLOSURES |
An amount of £8,230 (2014: £8,230) included in creditors is owed to the director. In addition an amount of £1,870 (2014: £1,870) included is owed to Sterling Developments (London) Limited, subsidiary company of Arnaldi Investments Limited. |
10. | ULTIMATE CONTROLLING PARTY |
During the year ended 30 November 2015, Flavio Arnaldi, the director, together with members of his close family, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital. |