2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,000 15,000 xbrli:pure xbrli:shares iso4217:GBP 03930582 2023-01-01 2023-12-31 03930582 2023-12-31 03930582 2022-12-31 03930582 2022-01-01 2022-12-31 03930582 2022-12-31 03930582 2021-12-31 03930582 bus:Director3 2023-01-01 2023-12-31 03930582 core:WithinOneYear 2023-12-31 03930582 core:WithinOneYear 2022-12-31 03930582 core:AfterOneYear 2023-12-31 03930582 core:AfterOneYear 2022-12-31 03930582 core:ShareCapital 2023-12-31 03930582 core:ShareCapital 2022-12-31 03930582 core:RetainedEarningsAccumulatedLosses 2023-12-31 03930582 core:RetainedEarningsAccumulatedLosses 2022-12-31 03930582 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 03930582 core:Non-currentFinancialInstruments 2022-12-31 03930582 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 03930582 bus:SmallEntities 2023-01-01 2023-12-31 03930582 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03930582 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03930582 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03930582 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 03930582
Stromboli Ltd
Filleted Unaudited Financial Statements
31 December 2023
Stromboli Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
5
15,000
Current assets
Debtors
6
3,833
4,017
Cash at bank and in hand
4,702
37,103
-------
--------
8,535
41,120
Creditors: amounts falling due within one year
7
18,310
19,998
--------
--------
Net current (liabilities)/assets
( 9,775)
21,122
-------
--------
Total assets less current liabilities
( 9,775)
36,122
Creditors: amounts falling due after more than one year
8
13,501
23,181
--------
--------
Net (liabilities)/assets
( 23,276)
12,941
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 23,278)
12,939
--------
--------
Shareholders (deficit)/funds
( 23,276)
12,941
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Stromboli Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 5 September 2024 , and are signed on behalf of the board by:
Mr C Prashar
Director
Company registration number: 03930582
Stromboli Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Penny Royal, Dukes Wood Drive, Gerrards Cross, London, SL9 7LW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
Loans to group undertakings
£
Cost
At 1 January 2023
15,000
Disposals
( 15,000)
--------
At 31 December 2023
--------
Impairment
At 1 January 2023 and 31 December 2023
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
15,000
--------
6. Debtors
2023
2022
£
£
Trade debtors
3,833
4,017
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,680
11,000
Trade creditors
474
470
Social security and other taxes
2,805
4,187
Other creditors
4,351
4,341
--------
--------
18,310
19,998
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,501
23,181
--------
--------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
15,000
----
--------
10. Director's advances, credits and guarantees
During the year all transactions with the director were at market value.
11. Related party transactions
During the year various amounts were lent to and by the parent company. The balance at the year end was nil.
12. Controlling party
The company is 100% owned by the ultimate parent company Aracion Technology Ltd