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REGISTERED NUMBER: 06640307 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Settebello Limited

Settebello Limited (Registered number: 06640307)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Settebello Limited (Registered number: 06640307)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 41,261 33,909
41,261 33,909

Current assets
Debtors 6 210,161 248,898
Cash at bank 5,343 99,428
215,504 348,326
Creditors
Amounts falling due within one year 7 (118,124 ) (209,680 )
Net current assets 97,380 138,646
Total assets less current liabilities 138,641 172,555

Creditors
Amounts falling due after more than
one year

8

(57,138

)

(80,082

)
Net assets 81,503 92,473

Capital and reserves
Called up share capital 100 100
Retained earnings 10 81,403 92,373
Shareholders' funds 81,503 92,473

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 director acknowledges her 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.

Settebello Limited (Registered number: 06640307)

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 director and authorised for issue on 29 September 2024 and were signed by:





Ms Tatyana Shapovalova - Director


Settebello Limited (Registered number: 06640307)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Settebello Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06640307

Registered office: 7 Ladbroke Road Flat A
Notting Hill
London
W11 3PA

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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


Settebello Limited (Registered number: 06640307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
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.

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 23 (2022 - 16 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
and 31 December 2023 191,602
Amortisation
At 1 January 2023
and 31 December 2023 191,602
Net book value
At 31 December 2023 -
At 31 December 2022 -

Settebello Limited (Registered number: 06640307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 January 2023 149,541 143,587 217,289 49,232 559,649
Additions - - - 33,997 33,997
At 31 December 2023 149,541 143,587 217,289 83,229 593,646
Depreciation
At 1 January 2023 125,612 142,471 215,308 42,349 525,740
Charge for year 4,786 726 693 20,440 26,645
At 31 December 2023 130,398 143,197 216,001 62,789 552,385
Net book value
At 31 December 2023 19,143 390 1,288 20,440 41,261
At 31 December 2022 23,929 1,116 1,981 6,883 33,909

6. Debtors: amounts falling due within one year
31.12.23 31.12.22
£ £
Other debtors 16,250 16,250
Long term contracts 193,911 215,806
Prepayments - 16,842
210,161 248,898

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£ £
Bank loans and overdrafts (see note 9)
34,754

34,754
Hire purchase contracts - 3,522
Trade creditors 9,313 5,515
Corporation tax 4,356 17,960
VAT 48,013 48,094
Other creditors - 49,820
Accrued expenses 21,688 50,015
118,124 209,680

8. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£ £
Bank loans (see note 9) 57,138 80,082

Settebello Limited (Registered number: 06640307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. Loans

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£ £
Amounts falling due within one year or on demand:
Bank loans < 1 year 34,754 34,754

Amounts falling due between one and two years:
Bank loans > 1 year 57,138 80,082

10. Reserves
Retained
earnings
£

At 1 January 2023 92,373
Deficit for the year (10,970 )
At 31 December 2023 81,403