Registered number: 08058273 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 |
Gilardini Realty Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
306,026 | 300,855 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 289,500 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 2,658,771 | 2,599,942 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET (LIABILITIES) / ASSETS | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | (71,068) | 139,853 | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing 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 | ||||||||
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 | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/01/2023 | 7,015 | 16,677 | 23,692 | |||
At 31/12/2023 | 7,015 | 16,677 | 23,692 | |||
Depreciation | ||||||
At 01/01/2023 | 5,818 | 12,223 | 18,041 | |||
For the year | 180 | 1,113 | 1,293 | |||
At 31/12/2023 | 5,998 | 13,336 | 19,334 | |||
Net Book Amounts | ||||||
At 31/12/2023 | 4,358 | |||||
At 31/12/2022 | 5,651 | |||||
Gilardini Realty Ltd | ||||||||
4. FINANCIAL ASSETS | |||||||||
Listed | Other | ||||||||
Investments | Investments | Total | |||||||
£ | £ | £ | |||||||
Cost | |||||||||
At 01/01/2023 | 172,158 | 140,575 | 312,733 | ||||||
Revaluation | (149,696) | - | (149,696) | ||||||
At 31/12/2023 | 22,462 | 140,575 | 163,037 | ||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2023 | 22,462 | 140,575 | 163,037 | ||||||
At 31/12/2022 | 172,158 | 140,575 | 312,733 | ||||||
5. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/01/2023 | 2,148,877 | 2,148,877 | ||
At 31/12/2023 | 2,148,877 | 2,148,877 | ||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 16,167 | 13,407 | ||||||
Other debtors | 269,300 | 27,425 | ||||||
Directors current account | - | 8,973 | ||||||
285,467 | 49,805 | |||||||
Gilardini Realty Ltd | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 2,941 | 4,140 | ||||||
Directors current account | 75 | - | ||||||
Trade creditors | 10,592 | 3,157 | ||||||
Accruals | 4,021 | 4,058 | ||||||
17,629 | 11,355 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 26,928 | 37,577 | ||||||
Loans >1yr | 2,631,843 | 2,562,365 | ||||||
2,658,771 | 2,599,942 | |||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 16,965 | 16,965 | ||||||
16,965 | 16,965 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
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 | ||||||||