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REGISTERED NUMBER: 11647178 (England and Wales)











Financial Statements

for the Year Ended 31 January 2024

for

GIORDANI LTD

GIORDANI LTD (REGISTERED NUMBER: 11647178)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIORDANI LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs R L Giordani
Mr C Giordani





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11647178 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GIORDANI LTD (REGISTERED NUMBER: 11647178)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,067 2,756
Investments 5 64,168 61,153
Investment property 6 261,708 261,708
327,943 325,617

CURRENT ASSETS
Debtors 7 193,532 193,532
Cash at bank 692,227 445,909
885,759 639,441
CREDITORS
Amounts falling due within one year 8 200,847 195,389
NET CURRENT ASSETS 684,912 444,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,855

769,669

PROVISIONS FOR LIABILITIES 10 667 2,885
NET ASSETS 1,012,188 766,784

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 2,002 8,654
Retained earnings 1,010,086 758,030
SHAREHOLDERS' FUNDS 1,012,188 766,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

GIORDANI LTD (REGISTERED NUMBER: 11647178)

Balance Sheet - continued
31 January 2024


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

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 11 September 2024 and were signed on its behalf by:





Mrs R L Giordani - Director


GIORDANI LTD (REGISTERED NUMBER: 11647178)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Giordani 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 as modified by the revaluation of certain 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GIORDANI LTD (REGISTERED NUMBER: 11647178)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 3,150
DEPRECIATION
At 1 February 2023 394
Charge for year 689
At 31 January 2024 1,083
NET BOOK VALUE
At 31 January 2024 2,067
At 31 January 2023 2,756

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 61,152 1 61,153
Additions 84,689 - 84,689
Disposals (85,494 ) - (85,494 )
Revaluations 3,820 - 3,820
At 31 January 2024 64,167 1 64,168
NET BOOK VALUE
At 31 January 2024 64,167 1 64,168
At 31 January 2023 61,152 1 61,153

Cost or valuation at 31 January 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2024 2,669 - 2,669
Cost 61,498 1 61,499
64,167 1 64,168

GIORDANI LTD (REGISTERED NUMBER: 11647178)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 261,708
NET BOOK VALUE
At 31 January 2024 261,708
At 31 January 2023 261,708

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by group undertakings 193,532 93,532
Other debtors - 100,000
193,532 193,532

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 9) 190,816 187,500
Tax 1,961 -
Directors' current accounts 6,630 6,450
Accruals and deferred income 1,440 1,439
200,847 195,389

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Other loans 190,816 187,500

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 667 2,885

Deferred
tax
£   
Balance at 1 February 2023 2,885
Provided during year (2,218 )
Balance at 31 January 2024 667

GIORDANI LTD (REGISTERED NUMBER: 11647178)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

12. RELATED PARTY DISCLOSURES

At the balance sheet date, included in debtors due within one year is £93,532 (2023: £93,532) owed by C L & R Properties Limited and £100,000 (2023: £Nil) owed by Giordani Limited. The companies are related party by virtue of its common ownership and control.

At the balance sheet date, the company owed an amount of £6,630 (2023: £6,450) to the directors. The amount is interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs R L Giordani.