Company Registration No. 8161981 (England and Wales)
Guilford Capital Ltd
Unaudited accounts
for the year ended 28 December 2023
Guilford Capital Ltd
Unaudited accounts
Contents
Guilford Capital Ltd
Company Information
for the year ended 28 December 2023
Directors
Raffaella Gianfilippi De Parenti
Andrea Velletrani
Company Number
8161981 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
ENGLAND
Guilford Capital Ltd
Statement of financial position
as at 28 December 2023
Investments
6,794,707
6,701,739
Cash at bank and in hand
1,528,455
1,016,859
Creditors: amounts falling due within one year
(133,260)
(129,485)
Net current assets
1,791,806
1,279,619
Net assets
8,586,513
7,981,358
Called up share capital
100
100
Profit and loss account
8,586,413
7,981,258
Shareholders' funds
8,586,513
7,981,358
For the year ending 28 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 10 September 2024 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 8161981
Guilford Capital Ltd
Notes to the Accounts
for the year ended 28 December 2023
Guilford Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 8161981. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, ENGLAND.
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.
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.
The accounts are presented in £ sterling.
The Company's functional currency is Eur.
Items of assets and liabilities (including comparatives) are translated into the presentation currency at the official rate of exchange ruling at the closing date of each reports. Items of income and expenditure (including comparatives) are translated
into the presentation currency at the official average rate of exchange ruling at the closing date of each reports. The exchange differences arising are recognised in the profit and loss reserves account.
Monetary assets and liabilities in foreign currencies are translated into the Company functional currency at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into the Company's functional currency at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 Directors acknowledge the uncertainties affecting the UK economy as well as the global economical and political situation and the risk factors associated with it.
They are taking all reasonable steps, as part of the Company's risk management policy, to ensure continued operations and, after consideration of all factors, they believe it appropriate for the going concern basis to be adopted for these financial statements.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account.
Guilford Capital Ltd
Notes to the Accounts
for the year ended 28 December 2023
4
Investments
Other investments
Valuation at 29 December 2022
6,701,739
Fair value adjustments
109,552
Valuation at 28 December 2023
6,794,707
Foreign exchange differences arising from translating items from functional to presentation currency, are recognised in the profit and loss reserve account.
Amounts falling due within one year
Accrued income and prepayments
-
67
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
93
-
Other creditors
130,749
129,485
Included in Other creditors is a shareholder's loan amount of £130,749
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).