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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RAVELLO COFFEE CO. LIMITED

RAVELLO COFFEE CO. LIMITED (REGISTERED NUMBER: 04390457)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAVELLO COFFEE CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L Mazza
S Mazza





SECRETARY: S Mazza





REGISTERED OFFICE: Chancellors House
Brampton Lane
Hendon
London
NW4 4AB





REGISTERED NUMBER: 04390457 (England and Wales)





ACCOUNTANTS: Somers Baker Prince Kurz LLP
Chartered Accountants
Chancellors House
3 Brampton Lane
Hendon
London
NW4 4AB

RAVELLO COFFEE CO. LIMITED (REGISTERED NUMBER: 04390457)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 260,026 107,189
260,026 107,189

CURRENT ASSETS
Stocks 6,600 5,200
Debtors 6 536,762 341,517
Cash at bank 246,963 796,863
790,325 1,143,580
CREDITORS
Amounts falling due within one year 7 264,327 421,904
NET CURRENT ASSETS 525,998 721,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,024

828,865

CREDITORS
Amounts falling due after more than one year 8 (15,000 ) (25,000 )

PROVISIONS FOR LIABILITIES (26,215 ) (13,736 )
NET ASSETS 744,809 790,129

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 744,805 790,125
744,809 790,129

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.

RAVELLO COFFEE CO. LIMITED (REGISTERED NUMBER: 04390457)

BALANCE SHEET - continued
31 DECEMBER 2023


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 25 September 2024 and were signed on its behalf by:




L Mazza - Director



S Mazza - Director


RAVELLO COFFEE CO. LIMITED (REGISTERED NUMBER: 04390457)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ravello Coffee Co. 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.

Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight lines basis over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 23 ) .

RAVELLO COFFEE CO. LIMITED (REGISTERED NUMBER: 04390457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 975,000
AMORTISATION
At 1 January 2023
and 31 December 2023 975,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 164,900 298,635 692,402 1,155,937
Additions 139,454 11,220 49,337 200,011
At 31 December 2023 304,354 309,855 741,739 1,355,948
DEPRECIATION
At 1 January 2023 150,404 256,037 642,307 1,048,748
Charge for year 15,513 12,752 18,909 47,174
At 31 December 2023 165,917 268,789 661,216 1,095,922
NET BOOK VALUE
At 31 December 2023 138,437 41,066 80,523 260,026
At 31 December 2022 14,496 42,598 50,095 107,189

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,589 6,872
Credit card control 8,622 5,571
Amounts owed by associates 150,000 100,000
Other debtors 181,207 184,759
Directors' current accounts 149,767 -
Prepayments 40,577 44,315
536,762 341,517

RAVELLO COFFEE CO. LIMITED (REGISTERED NUMBER: 04390457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,146 48,101
Tax 22,351 170,562
Social security and other taxes 22,614 17,544
VAT 40,301 49,746
BBL Loan 10,000 10,000
Wages control account 22,472 17,014
Directors' current accounts 25,378 23,241
Accrued expenses 88,065 85,696
264,327 421,904

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 15,000 25,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 71,670 107,920
Between one and five years 216,150 37,820
In more than five years 208,333 -
496,153 145,740

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year there were advances to a director of the company of £149,767 (2022 - £Nil). Interest was charged at market rate and these amounts are repayable on demand.

11. ULTIMATE CONTROLLING PARTY

At the reporting date, the company was controlled by Mr Stefano Mazza and Mr Luigi Mazza