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REGISTERED NUMBER: 10438918 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

2.0 & PARTNERS LTD

2.0 & PARTNERS LTD (REGISTERED NUMBER: 10438918)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


2.0 & PARTNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Fabio Bernardini
Mr Marco Passoni





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 10438918 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

2.0 & PARTNERS LTD (REGISTERED NUMBER: 10438918)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 44,400 -

CURRENT ASSETS
Stocks - 95,305
Debtors 173,916 213,917
Cash at bank and in hand 1,580 1,258
175,496 310,480
CREDITORS
Amounts falling due within one year 151,505 281,926
NET CURRENT ASSETS 23,991 28,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,391

28,554

CREDITORS
Amounts falling due after more than one year 16,518 26,615
NET ASSETS 51,873 1,939

CAPITAL AND RESERVES
Called up share capital 6 2,000 1,000
Share premium 33,100 -
Retained earnings 16,773 939
SHAREHOLDERS' FUNDS 51,873 1,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

2.0 & PARTNERS LTD (REGISTERED NUMBER: 10438918)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed on its behalf by:




Mr Marco Passoni - Director



Mr Fabio Bernardini - Director


2.0 & PARTNERS LTD (REGISTERED NUMBER: 10438918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

2.0 & Partners Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about 2.0 & Partners Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

2.0 & PARTNERS LTD (REGISTERED NUMBER: 10438918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 44,400
At 31 December 2023 44,400
NET BOOK VALUE
At 31 December 2023 44,400

The company's investments at the Balance Sheet date in the share capital of companies include the following:

2.0 SRL
Registered office: Italy
Nature of business: Distributors of Luxury Goods
%
Class of shares: holding
Ordinary 100.00

5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,098 9,849

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,354 10,058

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,164 16,557

2.0 & PARTNERS LTD (REGISTERED NUMBER: 10438918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 -
500 A Share £1 500 500
500 B Share £1 500 500
2,000 1,000

In November 2023, the company issues 1000 ordinary shares of £1 each in order to acquire the entire share capital of 2.0 SRL. This investment is recognised in Fixed Asset Investments. HMRC clearance was obtained in respect of the share for share exchange transaction.

7. ULTIMATE CONTROLLING PARTY

There is no one single controlling party.