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REGISTERED NUMBER: 06356561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Interopa Investments Limited

Interopa Investments Limited (Registered number: 06356561)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Interopa Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Cuttica
L Cuttica
G A Cuttica





SECRETARY: L Cuttica





REGISTERED OFFICE: C/O Citycas, Room 540
Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 06356561 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

Interopa Investments Limited (Registered number: 06356561)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,278,381 3,278,719
Investments 5 20,000 20,000
3,298,381 3,298,719

CURRENT ASSETS
Debtors 6 5,966 3,485
Cash at bank 7,059 453
13,025 3,938
CREDITORS
Amounts falling due within one year 7 (309,064 ) (402,546 )
NET CURRENT LIABILITIES (296,039 ) (398,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,002,342

2,900,111

PROVISIONS FOR LIABILITIES (207,575 ) (207,575 )
NET ASSETS 2,794,767 2,692,536

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 8 1,402,743 1,402,743
Retained earnings 1,372,024 1,269,793
2,794,767 2,692,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Interopa Investments Limited (Registered number: 06356561)

Balance Sheet - continued
31 March 2024


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:





J Cuttica - Director


Interopa Investments Limited (Registered number: 06356561)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Interopa Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Freehold properties are not depreciated.
Long leasehold - Long leaseholds are not depreciated
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Interopa Investments Limited (Registered number: 06356561)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,972,647 1,304,722 20,368 3,297,737
DEPRECIATION
At 1 April 2023 - - 19,018 19,018
Charge for year - - 338 338
At 31 March 2024 - - 19,356 19,356
NET BOOK VALUE
At 31 March 2024 1,972,647 1,304,722 1,012 3,278,381
At 31 March 2023 1,972,647 1,304,722 1,350 3,278,719

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
Valuation in 2023 642,647 449,853 - 1,092,500
Cost 1,330,000 854,869 20,368 2,205,237
1,972,647 1,304,722 20,368 3,297,737

Interopa Investments Limited (Registered number: 06356561)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 20,000

The company owns 100% of the share capital of Interopa Holidays Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,825 -
Other debtors 4,141 3,485
5,966 3,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 278,208 376,067
Taxation and social security 4,153 2,588
Other creditors 26,703 23,891
309,064 402,546

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 1,402,743

Interopa Investments Limited (Registered number: 06356561)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Interopa Holidays Limited is a 100% subsidiary of Interopa Investments Limited.

The company lets office premises to Interopa Holidays Limited at arm's length basis. The annual rent was £50,000 (2023: £50,000)

The company charged Interopa Holidays Limited a management fee of £90.000 (£2023: £Nil)

At the year end, the company owed Interopa Holidays Limited £278,208 (2023: £376,067).

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Cuttica.

The ultimate controlling party is L Cuttica.