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Registered number: 08058273

Gilardini Realty Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
CBS Accountants Ltd
Chartered Accountant
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordfhire
WD18 9DA

Gilardini Realty Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Pietrojan Gilardini
REGISTERED OFFICE
Unit 17,Orbital 25 Business Park
Dwight Road
Watford
WD18 9DA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08058273
ACCOUNTANTS
CBS Accountants Ltd
Chartered Accountant
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordfhire
WD18 9DA

Gilardini Realty Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Gilardini Realty Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,153,2352,154,528
Investment Assets4163,037312,733
2,316,2722,467,261
CURRENT ASSETS
Debtors6285,46749,805
Cash at bank and in hand20,559251,050
306,026300,855
CREDITORS: Amounts falling due within one year717,62911,355
NET CURRENT ASSETS288,397289,500
TOTAL ASSETS LESS CURRENT LIABILITIES2,604,6692,756,761
CREDITORS: Amounts falling due after more than one year82,658,7712,599,942
PROVISIONS FOR LIABILITIES AND CHARGES916,96516,965
NET (LIABILITIES) / ASSETS(71,067)139,854
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account(71,068)139,853
SHAREHOLDERS' FUNDS(71,067)139,854
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/03/2024 and signed on their behalf by
.............................
Pietrojan Gilardini
Director

Gilardini Realty Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

Gilardini Realty Ltd

1f. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1g. Financial Instruments
Basic financial instruments are recognized at amortized cost using the effective interest method.
Other financial instruments if any are initially measured at fair value, which is normally the transaction price, such assets are subsequently carried at fair value and the changes in fair value are recognized in profit or loss.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/01/20237,01516,67723,692
At 31/12/20237,01516,67723,692
Depreciation
At 01/01/20235,81812,22318,041
For the year1801,1131,293
At 31/12/20235,99813,33619,334
Net Book Amounts
At 31/12/20231,0173,3414,358
At 31/12/20221,1974,4545,651

Gilardini Realty Ltd

4. FINANCIAL ASSETS
Listed Other
InvestmentsInvestmentsTotal
£££
Cost
At 01/01/2023172,158140,575312,733
Revaluation(149,696)-(149,696)
At 31/12/202322,462140,575163,037
Amortisation
Net Book Amounts
At 31/12/202322,462140,575163,037
At 31/12/2022172,158140,575312,733
5. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/01/20232,148,8772,148,877
At 31/12/20232,148,8772,148,877
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors16,16713,407
Other debtors269,30027,425
Directors current account-8,973
285,46749,805

Gilardini Realty Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT2,9414,140
Directors current account75-
Trade creditors10,5923,157
Accruals4,0214,058
17,62911,355
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr26,92837,577
Loans >1yr2,631,8432,562,365
2,658,7712,599,942
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation16,96516,965
16,96516,965
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11

Gilardini Realty Ltd

11. CONTROLLING PARTY
Gilardini Real Estate S.R.L is the ultimate parent of the company.
Director has the ultimate control over company by way of 100% shareholding in ultimate parent company.
12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year director repaid £8,974 to Company.
Balance outstanding at the end of year to Director :£72.63 ( 2022 : 0 )
13. FINANCIAL INSTRUMENTS