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Registered number: 14796489
Nicchio Limited
Unaudited Financial Statements
For the Period 12 April 2023 to 30 April 2024
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14796489
30 April 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 230,471
230,471
CURRENT ASSETS
Debtors 5 1,694
Investments 6 55,384
Cash at bank and in hand 10,624
67,702
Creditors: Amounts Falling Due Within One Year 7 (11,318 )
NET CURRENT ASSETS (LIABILITIES) 56,384
TOTAL ASSETS LESS CURRENT LIABILITIES 286,855
Creditors: Amounts Falling Due After More Than One Year 8 (286,854 )
NET ASSETS 1
CAPITAL AND RESERVES
Called up share capital 9 1
SHAREHOLDERS' FUNDS 1
Page 1
Page 2
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Georgios Pispinis
Director
23/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nicchio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14796489 . The registered office is 86-90 Paul Street, London, England, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
30 April 2024
£
Fair Value
As at 12 April 2023 -
Additions 230,471
As at 30 April 2024 230,471
5. Debtors
30 April 2024
£
Due within one year
Trade debtors 1,584
Prepayments and accrued income 110
1,694
6. Current Asset Investments
30 April 2024
£
Short term deposits 55,384
55,384
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Page 4
7. Creditors: Amounts Falling Due Within One Year
30 April 2024
£
Accruals and deferred income 11,318
11,318
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2024
£
Directors loan account 286,854
286,854
9. Share Capital
30 April 2024
£
Allotted, Called up and fully paid 1
10. Related Party Transactions
The director has provided the company with an unsecured loan. The balance at the year end was £286,854. This loan is interest free and there are no fixed repayment terms.
11. Ultimate Controlling Party
The company's ultimate controlling party is Georgios Pispinis by virtue of his ownership of 100% of the issued share capital in the company.
Page 4