Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false22023-08-01falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02495534 2023-08-01 2024-07-31 02495534 2022-08-01 2023-07-31 02495534 2024-07-31 02495534 2023-07-31 02495534 c:Director2 2023-08-01 2024-07-31 02495534 d:CurrentFinancialInstruments 2024-07-31 02495534 d:CurrentFinancialInstruments 2023-07-31 02495534 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02495534 c:FullAccounts 2023-08-01 2024-07-31 02495534 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02495534 c:Micro-entities 2023-08-01 2024-07-31 02495534 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 02495534










VERSILIA RESTAURANT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
VERSILIA RESTAURANT LIMITED
REGISTERED NUMBER: 02495534

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£


Fixed assets
49,030
51,743

Current assets
26,869
32,705

Creditors: amounts falling due within one year
(75,627)
(84,318)

Net current liabilities
 
 
(48,758)
 
 
(51,613)

Total assets less current liabilities
272
130


Net assets
272
130



Capital and reserves
272
130


Notes


General information

Versilia Restaurant Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02495534. The address of the registered office is Level 5A, Maple House, 149 Tottenham Court Road, London W1T 7NF.

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2024.




Mrs D Stagi
Director

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VERSILIA RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long leasehold property
-
2%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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VERSILIA RESTAURANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Controlling party

The company was under the control of the directors, Mr B Stagi (50% share) and Mrs D Stagi (50% share), by virtue of the fact that between them they owned 100% of the issued share capital.
 
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