Company Registration No. 5906789 (England and Wales)
Posarelli Villas GB Limited
Unaudited accounts
for the year ended 31 December 2023
Posarelli Villas GB Limited
Unaudited accounts
Contents
Posarelli Villas GB Limited
Company Information
for the year ended 31 December 2023
Directors
Mr G Posarelli
Mr G Bazzoni
Company Number
5906789 (England and Wales)
Registered Office
The Officers Mess Business Centre
Royston Road
Duxford
Cambridgeshire
CB22 4QH
United Kingdom
Accountants
Delbeck Accountancy
Newton Hall
Town Street
Newton
Cambridge
CB22 7ZE
Posarelli Villas GB Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
166,157
429,850
Creditors: amounts falling due within one year
(628,592)
(499,549)
Net current assets
215,568
77,392
Total assets less current liabilities
215,568
77,392
Creditors: amounts falling due after more than one year
(24,898)
(34,841)
Called up share capital
1,000
1,000
Profit and loss account
189,670
41,551
Shareholders' funds
190,670
42,551
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr G Posarelli
Director
Company Registration No. 5906789
Posarelli Villas GB Limited
Notes to the Accounts
for the year ended 31 December 2023
Posarelli Villas GB Limited is a private company, limited by shares, registered in England and Wales, registration number 5906789. The registered office is The Officers Mess Business Centre, Royston Road, Duxford, Cambridgeshire, CB22 4QH, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due within one year
Trade debtors
502,938
29,479
Other debtors
174,039
116,760
Posarelli Villas GB Limited
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
456,898
306,136
Taxes and social security
47,009
94,418
Other creditors
113,260
87,570
Loans from directors
11,425
11,425
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Creditors: amounts falling due after more than one year
2023
2022
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Transactions with related parties
During the year the company was charged £335937.00 ( 2020: £178540.00) for services provided to the company from Posarelli Marketing and Management based in the United Arab Emirates. Mr G Posarelli is the controlling party of this entity in the United Arab Emirates and is also a director and shareholder of this company.
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Average number of employees
During the year the average number of employees was 3 (2022: 3).