1 March 2023 v2024.61.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP132297862023-03-012024-02-29132297862024-02-29132297862023-02-2813229786core:WithinOneYear2024-02-2913229786core:WithinOneYear2023-02-2813229786core:AfterOneYear2024-02-2913229786core:AfterOneYear2023-02-2813229786core:ShareCapital2024-02-2913229786core:ShareCapital2023-02-2813229786core:RetainedEarningsAccumulatedLosses2024-02-2913229786core:RetainedEarningsAccumulatedLosses2023-02-2813229786bus:Director12023-03-012024-02-2913229786bus:RegisteredOffice2023-03-012024-02-2913229786core:LandBuildings2023-03-012024-02-2913229786core:FurnitureFittings2023-03-012024-02-2913229786core:LandBuildings2023-03-0113229786core:PlantMachinery2023-03-01132297862023-03-0113229786core:LandBuildings2024-02-2913229786core:PlantMachinery2024-02-2913229786core:PlantMachinery2023-03-012024-02-2913229786core:LandBuildings2023-02-2813229786core:PlantMachinery2023-02-281322978612023-03-012024-02-29132297862022-03-012023-02-2813229786countries:EnglandWales2023-03-012024-02-2913229786bus:AuditExemptWithAccountantsReport2023-03-012024-02-2913229786bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913229786bus:SmallEntities2023-03-012024-02-2913229786bus:FullAccounts2023-03-012024-02-29
Company registration number:
13229786
Dei Fratelli Ltd
Unaudited Filleted Financial Statements for the year ended
29 February 2024
Dei Fratelli Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Dei Fratelli Ltd
Year ended
29 February 2024
As described on the statement of financial position, the Board of Directors of
Dei Fratelli Ltd
are responsible for the preparation of the
financial statements
for the year ended
29 February 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Date:
21 November 2024
Dei Fratelli Ltd
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Tangible assets 5
288,729
 
161,345
 
Current assets    
Debtors 6
11,620
 
10,961
 
Cash at bank and in hand
24,407
 
9,758
 
36,027
 
20,719
 
Creditors: amounts falling due within one year 7
(224,709
)
(80,473
)
Net current liabilities
(188,682
)
(59,754
)
Total assets less current liabilities 100,047   101,591  
Creditors: amounts falling due after more than one year 8
(111,841
)
(111,844
)
Net liabilities
(11,794
)
(10,253
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(11,894
)
(10,353
)
Shareholders deficit
(11,794
)
(10,253
)
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 November 2024
, and are signed on behalf of the board by:
R Moriss
Director
Company registration number:
13229786
Dei Fratelli Ltd
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Egerton House
,
55 Hoole Road
,
Chester
,
CH2 3NJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 30 years
Fixtures and fittings
20% straight line

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is depreciated over the term of the lease.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 March 2023
163,247
 
4,425
 
167,672
 
Additions
138,322
  -  
138,322
 
At
29 February 2024
301,569
 
4,425
 
305,994
 
Depreciation      
At
1 March 2023
5,442
 
885
 
6,327
 
Charge
10,053
 
885
 
10,938
 
At
29 February 2024
15,495
 
1,770
 
17,265
 
Carrying amount      
At
29 February 2024
286,074
 
2,655
 
288,729
 
At 28 February 2023
157,805
 
3,540
 
161,345
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying amount at
1 March 2023
157,805.00
 
Additions
138,322
 
Carrying amount at
29 February 2024
296,127
 

6 Debtors

20242023
££
Trade debtors
659
  -  
Other debtors
10,961
 
10,961
 
11,620
 
10,961
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
4,406
 
4,406
 
Trade creditors -  
376
 
Taxation and social security
222
  -  
Other creditors
220,081
 
75,691
 
224,709
 
80,473
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
111,841
 
111,844