Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2022 1 July 2021 false 1 July 2022 31 December 2023 31 December 2023 06162345 Mrs Vania Casini Mr Stefano Serafino Bruno Camponovo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06162345 2022-06-30 06162345 2023-12-31 06162345 2022-07-01 2023-12-31 06162345 frs-core:CurrentFinancialInstruments 2023-12-31 06162345 frs-core:ShareCapital 2023-12-31 06162345 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06162345 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 06162345 frs-bus:FilletedAccounts 2022-07-01 2023-12-31 06162345 frs-bus:SmallEntities 2022-07-01 2023-12-31 06162345 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-12-31 06162345 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-12-31 06162345 frs-bus:OrdinaryShareClass1 2022-07-01 2023-12-31 06162345 frs-bus:OrdinaryShareClass1 2023-12-31 06162345 1 2022-07-01 2023-12-31 06162345 frs-bus:Director1 2022-07-01 2023-12-31 06162345 frs-countries:EnglandWales 2022-07-01 2023-12-31 06162345 2021-06-30 06162345 2022-06-30 06162345 2021-07-01 2022-06-30 06162345 frs-core:CurrentFinancialInstruments 2022-06-30 06162345 frs-core:ShareCapital 2022-06-30 06162345 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 06162345 frs-bus:OrdinaryShareClass1 2021-07-01 2022-06-30
Registered number: 06162345
Mediterranean Relais Ltd
Unaudited Financial Statements
For the Period 1 July 2022 to 31 December 2023
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06162345
31 December 2023 30 June 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 943,591 943,591
943,591 943,591
CURRENT ASSETS
Debtors 5 3,300 3,300
3,300 3,300
Creditors: Amounts Falling Due Within One Year 6 (1,192,173 ) (1,180,102 )
NET CURRENT ASSETS (LIABILITIES) (1,188,873 ) (1,176,802 )
TOTAL ASSETS LESS CURRENT LIABILITIES (245,282 ) (233,211 )
NET LIABILITIES (245,282 ) (233,211 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (245,382 ) (233,311 )
SHAREHOLDERS' FUNDS (245,282) (233,211)
Page 1
Page 2
For the period 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 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
Mrs Vania Casini
Director
09/10/2024
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
Mediterranean Relais Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06162345 . 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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3.
Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.4.
Going concern
The financial statements are prepared on the basis of the going concern, which assumes that the company will be in operational existence for the foreseeable future. This depends upon continued support of the shareholders. The financial statements do not include any adjustments that would result if such support is withdrawn.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
4. Investment Property
31 December 2023
£
Fair Value
As at 1 July 2022 and 31 December 2023 943,591
5. Debtors
31 December 2023 30 June 2022
£ £
Due within one year
Other debtors 3,300 3,300
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 June 2022
£ £
Trade creditors 2,929 2,929
Other creditors 1,189,244 1,177,173
1,192,173 1,180,102
7. Share Capital
31 December 2023 30 June 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Stefano Serafino Bruno Camponovo by virtue of his ownership of 100% of the issued share capital in the company.
Page 4