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Registered number: 10831237
Foodation Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10831237
2023 2022
Notes
FIXED ASSETS
CURRENT ASSETS
Debtors 6 156,171 156,171
156,171 156,171
Creditors: Amounts Falling Due Within One Year 7 (11,637 ) (11,637 )
NET CURRENT ASSETS (LIABILITIES) 144,534 144,534
TOTAL ASSETS LESS CURRENT LIABILITIES 144,534 144,534
NET ASSETS 144,534 144,534
CAPITAL AND RESERVES
Called up share capital 8 8,445,806 8,445,806
Share premium account 124,194 124,194
Capital redemption reserve 2,017,539 2,017,539
Profit and Loss Account (10,443,005 ) (10,443,005 )
SHAREHOLDERS' FUNDS 144,534 144,534
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Pierangelo Zurru
Director
13 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Foodation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10831237 . The registered office is 3 Vista Place, Ingworth Road, Poole, Dorset, BH12 1JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in Euros which is the functional currency of the company.
2.2. Foreign Currencies
Foreign currency transactions are intially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
2.3. Consolidation
The company has taken advantage of the exemption from the requirement to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. 
2.4. Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated as cost less any accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 7)
1 7
4. Intangible Assets
Other
Cost
As at 1 January 2023 97,298
As at 31 December 2023 97,298
Amortisation
As at 1 January 2023 97,298
As at 31 December 2023 97,298
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Page 2
Page 3
5. Investments
Subsidiaries
Cost
As at 1 January 2023 9,102,278
As at 31 December 2023 9,102,278
Provision
As at 1 January 2023 9,102,278
As at 31 December 2023 9,102,278
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
6. Debtors
2023 2022
Due within one year
Other debtors 156,171 156,171
7. Creditors: Amounts Falling Due Within One Year
2023 2022
Other creditors 11,637 11,637
8. Share Capital
2023 2022
Allotted, Called up and fully paid 8,445,806 8,445,806
9. Other Commitments
The company has given a guarantee in respect of a bank loan amounting to €600,000 from Mediocredito Italiano SpA to group undertaking, Briscola Milano Srl. This guarantee is effective from 21 November 2018.
10. Controlling Party
The company's parent undertaking is Argenta Sub-Holding Limited, a company registered in the UK, and its ultimate parent undertaking is Argenta Holdings Sarl, a company registered in Luxembourg. 
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