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Registration number: 04193253

Monterone Building Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Monterone Building Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

Monterone Building Ltd

Company Information

Director

Antonello Moser Faraone

Registered office

Unit 37D Monument Business Park
Warpsgrove Lane
Chalgrove
Oxfordshire
United Kingdom
OX44 7RW

 

Monterone Building Ltd

(Registration number: 04193253)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

20,218

20,218

Current assets

 

Debtors

5

1,116,272

1,081,190

Creditors: Amounts falling due within one year

6

(929,065)

(942,344)

Net current assets

 

187,207

138,846

Net assets

 

207,425

159,064

Capital and reserves

 

Called up share capital

233,284

233,284

Other reserves

75,834

75,834

Retained earnings

(101,693)

(150,054)

Shareholders' funds

 

207,425

159,064

For the financial year ending 31 December 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 December 2024
 

.........................................
Antonello Moser Faraone
Director

 

Monterone Building Ltd

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Other reserves
£

Retained earnings
£

Total
£

At 1 January 2023

233,284

75,834

(150,054)

159,064

Loss for the year

-

-

(4,766)

(4,766)

Other comprehensive income

-

-

53,127

53,127

Total comprehensive income

-

-

48,361

48,361

At 31 December 2023

233,284

75,834

(101,693)

207,425

Share capital
£

Other reserves
£

Retained earnings
£

Total
£

At 1 January 2022

233,284

75,834

(103,580)

205,538

Loss for the year

-

-

(1,955)

(1,955)

Other comprehensive income

-

-

(44,519)

(44,519)

Total comprehensive income

-

-

(46,474)

(46,474)

At 31 December 2022

233,284

75,834

(150,054)

159,064

 

Monterone Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 37D Monument Business Park
Warpsgrove Lane
Chalgrove
Oxfordshire
United Kingdom
OX44 7RW

These financial statements were authorised for issue by the director on 31 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is UK Sterling Pound (£),

The functional currency is Euro (€) due to the primary economic environment in which the entity operates.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Assets and liabilities are transalated at the closing rate at the end of the reporting period while income and expenses are translated at the exchange rates at the day of transactions. Exchange differences resulting from the translation of financial statements in functional currency to presentational currency are recognised in other comprehensive income.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


 

Monterone Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

20,218

20,218

Subsidiaries

£

Cost or valuation

At 1 January 2023

20,218

Provision

Carrying amount

At 31 December 2023

20,218

At 31 December 2022

20,218

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

1,116,272

1,081,190

   

1,116,272

1,081,190

 

Monterone Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,903

-

Accruals and deferred income

2,346

3,815

Other creditors

924,816

938,529

929,065

942,344