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REGISTERED NUMBER: 07238433 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Sgaro Limited

Sgaro Limited (Registered number: 07238433)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sgaro Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr Giorgio Sgariglia
Mr Gianni Paolo Sgariglia





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 07238433 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

Sgaro Limited (Registered number: 07238433)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 4 136,560 242,274
Cash at bank 5,291 1,035
141,851 243,309
CREDITORS
Amounts falling due within one year 5 2,098 2,358
NET CURRENT ASSETS 139,753 240,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,753

240,951

ACCRUALS AND DEFERRED INCOME 3,600 2,400
NET ASSETS 136,153 238,551

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 135,853 238,251
SHAREHOLDERS' FUNDS 136,153 238,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

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 26 October 2024 and were signed on its behalf by:





Mr Giorgio Sgariglia - Director


Sgaro Limited (Registered number: 07238433)

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

1. STATUTORY INFORMATION

Sgaro 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 133,525 242,274
Prepayments and accrued income 3,035 -
136,560 242,274

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,098 2,358

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 1 November 2022 the directors' loan account balance had a balance of £Nil. During the year, there were no transactions with the directors. As a result, at the end of the year, the company owed £Nil to the directors.

7. RELATED PARTY DISCLOSURES

The company was owed £133,525 [2022 : £242,274 ) from a connected company, Oaktone Limited, a company registered in England and Wales.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr G Sgariglia, by virtue of holding 60% of the voting shares.