Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10792537 Mr B Lamb Mrs S Lamb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10792537 2023-03-31 10792537 2024-03-31 10792537 2023-04-01 2024-03-31 10792537 frs-core:CurrentFinancialInstruments 2024-03-31 10792537 frs-core:ShareCapital 2024-03-31 10792537 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10792537 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10792537 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10792537 frs-bus:SmallEntities 2023-04-01 2024-03-31 10792537 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10792537 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10792537 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 10792537 frs-bus:OrdinaryShareClass2 2024-03-31 10792537 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 10792537 frs-bus:OrdinaryShareClass3 2024-03-31 10792537 frs-bus:Director1 2023-04-01 2024-03-31 10792537 frs-bus:Director2 2023-04-01 2024-03-31 10792537 frs-countries:EnglandWales 2023-04-01 2024-03-31 10792537 2022-03-31 10792537 2023-03-31 10792537 2022-04-01 2023-03-31 10792537 frs-core:CurrentFinancialInstruments 2023-03-31 10792537 frs-core:ShareCapital 2023-03-31 10792537 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10792537 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 10792537 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31
Registered number: 10792537
Investimenti Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Investimenti Ltd for the year ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Investimenti Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Investimenti Ltd , as a body, in accordance with the terms of our engagement letter dated 05 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Investimenti Ltd and state those matters that we have agreed to state to the directors of Investimenti Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Investimenti Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Investimenti Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Investimenti Ltd . You consider that Investimenti Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Investimenti Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
5th September 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10792537
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 12,283 12,733
Investments 5 100 100
Cash at bank and in hand 117,409 22,290
129,792 35,123
Creditors: Amounts Falling Due Within One Year 6 (13,707 ) (10,441 )
NET CURRENT ASSETS (LIABILITIES) 116,085 24,682
TOTAL ASSETS LESS CURRENT LIABILITIES 116,085 24,682
NET ASSETS 116,085 24,682
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 115,885 24,482
SHAREHOLDERS' FUNDS 116,085 24,682
For the year ending 31 March 2024 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.
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 B Lamb
Director
5th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Investimenti Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10792537 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
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.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 12,283 12,733
5. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 10,766 8,500
Other creditors 2,941 1,941
13,707 10,441
Page 3
Page 4
7. Provisions for Liabilities
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
102 Ordinary A shares of £ 1 each 102 102
98 Ordinary B shares of £ 1 each 98 98
200 200
9. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 4