IRIS Accounts Production v24.3.0.553 08328574 Board of Directors 1.7.23 30.6.24 30.6.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083285742023-06-30083285742024-06-30083285742023-07-012024-06-30083285742022-06-30083285742022-07-012023-06-30083285742023-06-3008328574ns15:EnglandWales2023-07-012024-06-3008328574ns14:PoundSterling2023-07-012024-06-3008328574ns10:Director12023-07-012024-06-3008328574ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008328574ns10:SmallEntities2023-07-012024-06-3008328574ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3008328574ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008328574ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008328574ns10:FullAccounts2023-07-012024-06-3008328574ns10:Director22023-07-012024-06-3008328574ns10:CompanySecretary12023-07-012024-06-3008328574ns10:RegisteredOffice2023-07-012024-06-3008328574ns5:CurrentFinancialInstruments2024-06-3008328574ns5:CurrentFinancialInstruments2023-06-3008328574ns5:Non-currentFinancialInstruments2024-06-3008328574ns5:Non-currentFinancialInstruments2023-06-3008328574ns5:ShareCapital2024-06-3008328574ns5:ShareCapital2023-06-3008328574ns5:RetainedEarningsAccumulatedLosses2024-06-3008328574ns5:RetainedEarningsAccumulatedLosses2023-06-3008328574ns5:OwnedAssets2023-07-012024-06-3008328574ns5:OwnedAssets2022-07-012023-06-3008328574ns5:PlantMachinery2023-06-3008328574ns5:PlantMachinery2023-07-012024-06-3008328574ns5:PlantMachinery2024-06-3008328574ns5:PlantMachinery2023-06-3008328574ns5:AdditionsToInvestments2024-06-3008328574ns5:CostValuation2024-06-3008328574ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008328574ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3008328574ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-06-3008328574ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-06-30
REGISTERED NUMBER: 08328574 (England and Wales)












Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

San Damiano Corporation Ltd

San Damiano Corporation Ltd (Registered number: 08328574)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


San Damiano Corporation Ltd

Company Information
for the Year Ended 30 June 2024







Directors: Ms O B Paul
F Mirandah





Secretary:





Registered office: 20-22 Wenlock Road
Lodnon
N1 7GU





Registered number: 08328574 (England and Wales)





Accountants: GKP Partnership
Ground Floor
Chiswick Gate,
598 -608 Chiswick High Road
London
W4 5RT

San Damiano Corporation Ltd (Registered number: 08328574)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

Principal activity
The principal activity of the company in the year under review was that of

Directors
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Ms O B Paul
F Mirandah

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





F Mirandah - Director


30 October 2024

San Damiano Corporation Ltd (Registered number: 08328574)

Income Statement
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

Revenue 2,437,864 2,752,616

Cost of sales (1,800,004 ) (1,881,411 )
Gross profit 637,860 871,205

Administrative expenses (242,675 ) (242,195 )
395,185 629,010

Other operating income 84,586 98,665
Operating profit 4 479,771 727,675


Interest payable and similar expenses (87,315 ) (47,522 )
Profit before taxation 392,456 680,153

Tax on profit (34,068 ) (129,675 )
Profit for the financial year 358,388 550,478

San Damiano Corporation Ltd (Registered number: 08328574)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
Fixed assets
Property, plant and equipment 5 130,429 101,606
Investments 6 90,000 50,000
Investment property 7 1,895,280 1,895,280
2,115,709 2,046,886

Current assets
Debtors 8 2,274,547 1,670,470
Cash at bank and in hand 964 94,376
2,275,511 1,764,846
Creditors
Amounts falling due within one year 9 (662,752 ) (426,843 )
Net current assets 1,612,759 1,338,003
Total assets less current liabilities 3,728,468 3,384,889

Creditors
Amounts falling due after more than one
year

10

(1,304,712

)

(1,199,521

)
Net assets 2,423,756 2,185,368

Capital and reserves
Called up share capital 50,000 50,000
Retained earnings 2,373,756 2,135,368
2,423,756 2,185,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

San Damiano Corporation Ltd (Registered number: 08328574)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





F Mirandah - Director


San Damiano Corporation Ltd (Registered number: 08328574)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

San Damiano Corporation Ltd 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.

Turnover
Revenue 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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

San Damiano Corporation Ltd (Registered number: 08328574)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. Employees and directors

The average number of employees during the year was NIL (2023 - 50 ).

4. Operating profit

The operating profit is stated after charging:

30.6.24 30.6.23
£    £   
Depreciation - owned assets 7,458 23,432

5. Property, plant and equipment
Plant and
machinery
etc
£   
Cost
At 1 July 2023 140,776
Additions 36,281
At 30 June 2024 177,057
Depreciation
At 1 July 2023 39,170
Charge for year 7,458
At 30 June 2024 46,628
Net book value
At 30 June 2024 130,429
At 30 June 2023 101,606

6. Fixed asset investments
Interest
in
associate
£   
Cost
At 1 July 2023 50,000
Additions 40,000
At 30 June 2024 90,000
Net book value
At 30 June 2024 90,000
At 30 June 2023 50,000

San Damiano Corporation Ltd (Registered number: 08328574)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. Investment property
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 1,895,280
Net book value
At 30 June 2024 1,895,280
At 30 June 2023 1,895,280

8. Debtors
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 212,137 83,507
Amounts owed by associates 1,819,872 1,396,715
Other debtors 242,538 83,271
2,274,547 1,563,493

Amounts falling due after more than one year:
Other debtors - 106,977

Aggregate amounts 2,274,547 1,670,470

9. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 35,035 9,921
Trade creditors (4 ) 2
Taxation and social security 381,633 390,453
Other creditors 246,088 26,467
662,752 426,843

10. Creditors: amounts falling due after more than one year
30.6.24 30.6.23
£    £   
Bank loans 1,182,917 1,127,824
Finance leases 121,795 66,669
Taxation and social security - 5,028
1,304,712 1,199,521

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 121,795 66,669