Company Registration No. 11230413 (England and Wales)
Partecipaxioni & Ventures Limited
Unaudited accounts
for the year ended 29 February 2024
Partecipaxioni & Ventures Limited
Unaudited accounts
Contents
Partecipaxioni & Ventures Limited
Company Information
for the year ended 29 February 2024
Director
Andrea Velletrani
Company Number
11230413 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
UNITED KINGDOM
Partecipaxioni & Ventures Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
2
136
Creditors: amounts falling due within one year
(7,463)
(7,463)
Net current liabilities
(7,461)
(7,327)
Net liabilities
(5,673)
(5,539)
Called up share capital
2
2
Profit and loss account
(5,675)
(5,541)
Shareholders' funds
(5,673)
(5,539)
For the year ending 29 February 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2024 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 11230413
Partecipaxioni & Ventures Limited
Notes to the Accounts
for the year ended 29 February 2024
Partecipaxioni & Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 11230413. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company's functional currency is £ sterling.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
At the time of approval of these financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue its operational existence for the next twelve months and will continue to adopt the going concern basis of accounting for the period.
4
Investments
Other investments
Valuation at 1 March 2023
1,788
Valuation at 29 February 2024
1,788
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,862
2,862
Other creditors
4,601
4,601
Within Other Creditors is an amount of £3,260 owed to the shareholders
and an amount of £1,341 for unpaid share capital in foreign associate SBN arl
Partecipaxioni & Ventures Limited
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).