Company Registration No. 14671443 (England and Wales)
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED
Unaudited accounts
for the period from 17 February 2023 to 29 February 2024
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED
Unaudited accounts
Contents
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED
Company Information
for the period from 17 February 2023 to 29 February 2024
Company Number
14671443 (England and Wales)
Registered Office
UNIT 6 30 FRIERN PARK
LONDON
N12 9DA
ENGLAND
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
825
Creditors: amounts falling due within one year
(2,362,741)
Net current assets
998,327
Called up share capital
1,000,000
Profit and loss account
(1,673)
Shareholders' funds
998,327
For the period 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 15 November 2024 and were signed on its behalf by
Nnamdi Nwizu
Director
Company Registration No. 14671443
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED
Notes to the Accounts
for the period from 17 February 2023 to 29 February 2024
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14671443. The registered office is UNIT 6 30 FRIERN PARK, LONDON, N12 9DA, ENGLAND.
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 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.
Work in progress
2,345,088
Work in progress represents land and development costs for projects under construction. These are valued at the lower of cost and net realisable value. Cost includes purchase price of land, development costs, professional fees and directly attributable finance costs.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Amounts owed to group undertakings and other participating interests
2,347,424
The company has an outstanding loan of £2,347,524 (Loan amount of £2,160,599 and accrued interest £186,925) from its parent company, Comercio Partners International Limited (Isle of Man company). The loan bears interest at 16.5% per annum and is repayable within 2 years and 6 months from the inception date of 7th August 2023.
COMERCIO PARTNERS INTERNATIONAL (UK) LIMITED
Notes to the Accounts
for the period from 17 February 2023 to 29 February 2024
8
Average number of employees
During the period the average number of employees was 1.