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REGISTERED NUMBER: 07851686 (England and Wales)
















Florentine Investments Limited

Unaudited Financial Statements

for the Year Ended

30 November 2023






Florentine Investments Limited (Registered number: 07851686)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Florentine Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs F M P Thomas
G Thomas





SECRETARY: G Thomas





REGISTERED OFFICE: 5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL





REGISTERED NUMBER: 07851686 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Florentine Investments Limited (Registered number: 07851686)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,757 23,285
Investments 5 98 98
Investment property 6 823,671 775,000
842,526 798,383

CURRENT ASSETS
Debtors 7 1,136 6,312
Cash at bank 316,510 607,996
317,646 614,308
CREDITORS
Amounts falling due within one year 8 818,121 1,100,499
NET CURRENT LIABILITIES (500,475 ) (486,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,051

312,192

PROVISIONS FOR LIABILITIES 33,225 22,056
NET ASSETS 308,826 290,136

CAPITAL AND RESERVES
Called up share capital 9 98 98
Fair value reserve 10 93,239 56,736
Retained earnings 10 215,489 233,302
SHAREHOLDERS' FUNDS 308,826 290,136

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 directors acknowledge their 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.

Florentine Investments Limited (Registered number: 07851686)

Balance Sheet - continued
30 November 2023


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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





G Thomas - Director


Florentine Investments Limited (Registered number: 07851686)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Florentine Investments 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furnishings for investment property - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

The director, G Thomas, has reviewed the market value of all of the properties at the year end and in his opinion all have been revalued to the market value at that date and hence no depreciation has been provided within these accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investment property has been reviewed by the director, G Thomas, who has determined the market value of the property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Florentine Investments Limited (Registered number: 07851686)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Furnishings
for
investment Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 2,778 6,299 27,702 3,526 40,305
Additions - 1,666 - - 1,666
At 30 November 2023 2,778 7,965 27,702 3,526 41,971
DEPRECIATION
At 1 December 2022 1,812 3,250 9,523 2,435 17,020
Charge for year 335 707 4,545 607 6,194
At 30 November 2023 2,147 3,957 14,068 3,042 23,214
NET BOOK VALUE
At 30 November 2023 631 4,008 13,634 484 18,757
At 30 November 2022 966 3,049 18,179 1,091 23,285

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 98
NET BOOK VALUE
At 30 November 2023 98
At 30 November 2022 98

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 775,000
Revaluations 48,671
At 30 November 2023 823,671
NET BOOK VALUE
At 30 November 2023 823,671
At 30 November 2022 775,000

Florentine Investments Limited (Registered number: 07851686)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2018 8,127
Valuation in 2019 5,000
Valuation in 2020 10,000
Valuation in 2021 50,582
Valuation in 2023 48,671
Cost 701,291
823,671

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 25 5,779
Prepayments 1,111 533
1,136 6,312

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax - 30,492
Other creditors 3,936 15,936
Directors' current accounts 806,717 1,047,830
Deferred income 750 750
Accrued expenses 6,718 5,491
818,121 1,100,499

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary A £1 2 2
96 Ordinary B £1 96 96
98 98

Florentine Investments Limited (Registered number: 07851686)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 233,302 56,736 290,038
Profit for the year 24,626 24,626
Dividends (5,936 ) (5,936 )
Revaluation transfer (48,671 ) 48,671 -
Tax on revaluation 12,168 (12,168 ) -
At 30 November 2023 215,489 93,239 308,728

11. ULTIMATE CONTROLLING PARTY

The directors are considered to be the joint ultimate controlling parties of the company.