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Registered number: 04553079
Highdeal Builders Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04553079
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,512,732 1,512,732
1,512,732 1,512,732
CURRENT ASSETS
Debtors 5 395,564 395,564
Cash at bank and in hand 587 2,227
396,151 397,791
Creditors: Amounts Falling Due Within One Year 6 (2,188,037 ) (2,183,188 )
NET CURRENT ASSETS (LIABILITIES) (1,791,886 ) (1,785,397 )
TOTAL ASSETS LESS CURRENT LIABILITIES (279,154 ) (272,665 )
NET LIABILITIES (279,154 ) (272,665 )
CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Profit and Loss Account (284,154 ) (277,665 )
SHAREHOLDERS' FUNDS (279,154) (272,665)
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 Oliver Nepomuceno
Director
23/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Highdeal Builders Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04553079 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on the going concern basis, which assumes that the company will be inoperational existence for the foreseeable future. This depends upon the continued support of the shareholders. Thefinancial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'OtherFinancial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomesparty to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when thereis alegally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or torealise the asset and settle the liability simultaneously.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to theextent 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 orsubstantively enacted by the balance sheet date.
2.6. Preparation of consolidated financial statements
The financial statements contain information about Highdeal Builders Limited as an individual company anddo not
contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A)of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The company and its subsidiary undertaking comprise of a small-sized group.
2.7. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
2.8. Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of thecompany after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction price unless thearrangement constitutes a financing transaction, where the debt instrument is measured at the present value of thefuture receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course ofbusiness from suppliers. Accounts payable are classified as current liabilities if payment is due within one year orless. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction priceand subsequently measured at amortised cost using the effective interest method.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Subsidiaries Joint Ventures Total
£ £ £
Cost
As at 1 January 2023 14,038 1,498,694 1,512,732
As at 31 December 2023 14,038 1,498,694 1,512,732
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 14,038 1,498,694 1,512,732
As at 1 January 2023 14,038 1,498,694 1,512,732
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Immobiliere B.S. SRL
Class of shares:                                  % holding
Ordinary                                                 100.00
                                                                                             31.12.23                     31.12.22
                                                                                                     £                                £
Aggregate capital and reserves                                                 (5,388)                             19,053
(Loss)/profit for the year                                                          (24,045)                            7678

No other information available.
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 395,564 395,564
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 352,111 352,111
Shareholders' loan 1,835,926 1,831,077
2,188,037 2,183,188
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
5,000 Ordinary Shares of £ 1.00 each 5,000 5,000
8. Ultimate Controlling Party
The company's ultimate controlling parties are Ms Aldina Luosi, Mr Frederico Barbisotti and Mr Marcello Barbisotti.
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