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REGISTERED NUMBER: 10104282 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VERSILIA SERVICES (UK) LIMITED

VERSILIA SERVICES (UK) LIMITED (REGISTERED NUMBER: 10104282)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VERSILIA SERVICES (UK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: S J Guy
N A Jouques
S J Steel





REGISTERED OFFICE: 1A Washington Street
Kingsthorpe
Northampton
Northamptonshire
NN2 6NL





REGISTERED NUMBER: 10104282 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

VERSILIA SERVICES (UK) LIMITED (REGISTERED NUMBER: 10104282)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 4,607 5,624
Cash at bank 42,221 55,278
46,828 60,902
CREDITORS
Amounts falling due within one year 5 18,975 23,368
NET CURRENT ASSETS 27,853 37,534
TOTAL ASSETS LESS CURRENT LIABILITIES 27,853 37,534

CREDITORS
Amounts falling due after more than one
year

6

20,753

30,756
NET ASSETS 7,100 6,778

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 6,980 6,658
SHAREHOLDERS' FUNDS 7,100 6,778

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 16 October 2024 and were signed on its behalf by:





S J Steel - Director


VERSILIA SERVICES (UK) LIMITED (REGISTERED NUMBER: 10104282)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Versilia Services (UK) 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.

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.

There were no departures from that standard.

The Company's functional and presentational currency is GBP.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. The resulting accounting
estimates will, by definition, seldom equal the related actual results. The directors do not consider that
there are any estimates and assumptions that have a significant risk of causing a material adjustment to
the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless they are included in a hedging arrangement.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Going concern
The directors have considered the impact of the current economic environment in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

VERSILIA SERVICES (UK) LIMITED (REGISTERED NUMBER: 10104282)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 4,607 4,607
Prepayments and accrued income - 1,017
4,607 5,624

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,886 9,747
Amounts owed to group undertakings 3,590 10,260
VAT 4,005 2,422
Other creditors 389 819
Accruals and deferred income 105 120
18,975 23,368

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,247 9,994
Bank loans - 2-5 years 10,506 20,762
20,753 30,756

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Jones FCCA (Senior Statutory Auditor)
for and on behalf of TC Group

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

VERSILIA SERVICES (UK) LIMITED (REGISTERED NUMBER: 10104282)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


10. ULTIMATE CONTROLLING PARTY

The controlling party is Versilia Group Holdings Limited.

The board of directors for Versilia Group Holdings Limited are deemed to be the ultimate controlling party, by virtue of their shareholdings.