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REGISTERED NUMBER: 11221508 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Angelo Esposito Limited

Angelo Esposito Limited (Registered number: 11221508)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Angelo Esposito Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A Esposito





REGISTERED OFFICE: 5 North End Road
London
London
NW11 7RJ





REGISTERED NUMBER: 11221508 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Angelo Esposito Limited (Registered number: 11221508)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,367,862 1,267,862

CURRENT ASSETS
Debtors 5 75,282 50,137
Cash at bank 12,119 22,464
87,401 72,601
CREDITORS
Amounts falling due within one year 6 827,512 799,144
NET CURRENT LIABILITIES (740,111 ) (726,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,751

541,319

CREDITORS
Amounts falling due after more than one
year

7

601,507

529,503
NET ASSETS 26,244 11,816

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 26,144 11,716
SHAREHOLDERS' FUNDS 26,244 11,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Angelo Esposito Limited (Registered number: 11221508)

Balance Sheet - continued
29 February 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 director and authorised for issue on 29 May 2024 and were signed by:





A Esposito - Director


Angelo Esposito Limited (Registered number: 11221508)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Angelo Esposito Limited 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.

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.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Angelo Esposito Limited (Registered number: 11221508)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2023 1,267,862
Additions 100,000
At 29 February 2024 1,367,862
NET BOOK VALUE
At 29 February 2024 1,367,862
At 28 February 2023 1,267,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade debtors 61,262 47,031
VAT 14,020 3,106
75,282 50,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Tax 12,988 12,988
Social security and other taxes (1,087 ) (1,087 )
Other creditors 2,814 6,114
Loan-Mascalzone (5,000 ) (5,000 )
36 Appleyard-loan 80-82 Brook 161,704 161,704
Directors' current accounts 651,993 622,425
Accrued expenses 4,100 2,000
827,512 799,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£ £
Bank loans more 5 yr by instal 601,507 504,200
Bounce bank loan - 25,303
601,507 529,503

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 601,507 504,200
Bounce bank loan - 25,303
601,507 529,503

Angelo Esposito Limited (Registered number: 11221508)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £ £
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£

At 1 March 2023 11,716
Profit for the year 14,428
At 29 February 2024 26,144