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REGISTERED NUMBER: 08431653 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRITALY POST LIMITED

BRITALY POST LIMITED (REGISTERED NUMBER: 08431653)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRITALY POST LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Dr F Petroni
Mr A Aquila





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 08431653 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

BRITALY POST LIMITED (REGISTERED NUMBER: 08431653)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investments 6 50,916 50,916
50,916 50,916

CURRENT ASSETS
Debtors 7 855,781 749,844
Cash at bank and in hand 1,749 29,235
857,530 779,079
CREDITORS
Amounts falling due within one year 8 1,166,595 1,084,299
NET CURRENT LIABILITIES (309,065 ) (305,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(258,149

)

(254,304

)

CAPITAL AND RESERVES
Called up share capital 9 99 99
Retained earnings (258,248 ) (254,403 )
SHAREHOLDERS' FUNDS (258,149 ) (254,304 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 16 September 2024 and were signed on its behalf by:



Dr F Petroni - Director


BRITALY POST LIMITED (REGISTERED NUMBER: 08431653)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Britaly Post 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.

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.

The company has made a loss in the year however the directors believe the company is a going concern and will be able to meets its liabilities as they fall due. This is dependent on the support of its most significant creditors, Terravision London Finance Limited and Terravision Real Estate Limited, companies under common management control.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Investments in associates
Investments in associate undertakings are recognised at cost.

Where the investment is held for sale or the investment has been disposed off after the year end then the investment is shown under current investments.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

BRITALY POST LIMITED (REGISTERED NUMBER: 08431653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 22,538
AMORTISATION
At 1 January 2023
and 31 December 2023 22,538
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 498
DEPRECIATION
At 1 January 2023
and 31 December 2023 498
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 50,916
NET BOOK VALUE
At 31 December 2023 50,916
At 31 December 2022 50,916

BRITALY POST LIMITED (REGISTERED NUMBER: 08431653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Shareholders funding 849,837 743,900
Other debtors 99 99
VAT 5,845 5,845
855,781 749,844

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 40,320 38,746
Amounts owed to participating interests 1,113,882 1,032,160
Taxation and social security 1,601 1,601
Other creditors 9,792 9,792
Accrued expenses 1,000 2,000
1,166,595 1,084,299

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 Ordinary £1 99 99

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of their majority shareholding in the company.