1 January 2023 false Taxfiler 2024.5 5906789business:PrivateLimitedCompanyLtd2023-01-012023-12-31 59067892022-12-31 59067892023-01-012023-12-31 5906789business:AuditExemptWithAccountantsReport2023-01-012023-12-31 5906789business:FilletedAccounts2023-01-012023-12-31 59067892023-12-31 5906789business:Director12023-01-012023-12-31 5906789business:Director22023-01-012023-12-31 5906789business:RegisteredOffice2023-01-012023-12-31 59067892022-12-31 5906789core:WithinOneYear2023-12-31 5906789core:WithinOneYear2022-12-31 5906789core:AfterOneYear2023-12-31 5906789core:AfterOneYear2022-12-31 5906789core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 5906789core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 5906789core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 5906789core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 5906789core:PreviouslyStatedAmount2023-12-31 5906789core:PreviouslyStatedAmount2022-12-31 5906789business:SmallEntities2023-01-012023-12-31 5906789countries:EnglandWales2023-01-012023-12-31 59067892022-01-012022-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Posarelli Villas GB Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
678,003 
147,091 
Cash at bank and in hand
166,157 
429,850 
844,160 
576,941 
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)
Net assets
190,670 
42,551 
Capital and reserves
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
- 4 -
Posarelli Villas GB Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
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.
Pension costs
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,026 
852 
Trade debtors
502,938 
29,479 
Other debtors
174,039 
116,760 
678,003 
147,091 
- 5 -
Posarelli Villas GB Limited Notes to the Accounts for the year ended 31 December 2023
5
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 
628,592 
499,549 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,898 
34,841 
7
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.
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 6 -