2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 5,682 2,417 1,136 3,553 2,129 3,265 xbrli:pure xbrli:shares iso4217:GBP 12588317 2023-01-01 2023-12-31 12588317 2023-12-31 12588317 2022-12-31 12588317 2022-01-01 2022-12-31 12588317 2022-12-31 12588317 2021-12-31 12588317 core:FurnitureFittings 2023-01-01 2023-12-31 12588317 bus:Director2 2023-01-01 2023-12-31 12588317 core:FurnitureFittings 2022-12-31 12588317 core:FurnitureFittings 2023-12-31 12588317 core:WithinOneYear 2023-12-31 12588317 core:WithinOneYear 2022-12-31 12588317 core:ShareCapital 2023-12-31 12588317 core:ShareCapital 2022-12-31 12588317 core:RetainedEarningsAccumulatedLosses 2023-12-31 12588317 core:RetainedEarningsAccumulatedLosses 2022-12-31 12588317 core:FurnitureFittings 2022-12-31 12588317 bus:Director1 2023-01-01 2023-12-31 12588317 bus:SmallEntities 2023-01-01 2023-12-31 12588317 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12588317 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12588317 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12588317 bus:FullAccounts 2023-01-01 2023-12-31 12588317 core:AllAssociates 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 12588317
Cavour London Ltd
Filleted Unaudited Financial Statements
31 December 2023
Cavour London Ltd
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Cavour London Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,129
3,265
Current assets
Stocks
22,500
22,500
Debtors
6
44
Cash at bank and in hand
5,258
500
--------
--------
27,802
23,000
Creditors: amounts falling due within one year
7
309,701
303,013
---------
---------
Net current liabilities
281,899
280,013
---------
---------
Total assets less current liabilities
( 279,770)
( 276,748)
---------
---------
Net liabilities
( 279,770)
( 276,748)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 279,870)
( 276,848)
---------
---------
Shareholders deficit
( 279,770)
( 276,748)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cavour London Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 January 2025 , and are signed on behalf of the board by:
Mr R S Scharnke
Director
Company registration number: 12588317
Cavour London Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the directors, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons, with the support of both the directors and the parent company, they continue to adopt the going concern basis in preparing the company's financial information.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Impairment of fixed assets
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 January 2023 and 31 December 2023
5,682
-------
Depreciation
At 1 January 2023
2,417
Charge for the year
1,136
-------
At 31 December 2023
3,553
-------
Carrying amount
At 31 December 2023
2,129
-------
At 31 December 2022
3,265
-------
6. Debtors
2023
2022
£
£
Other debtors
44
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,902
11,807
Amounts owed to group undertakings and undertakings in which the company has a participating interest
285,830
267,845
Social security and other taxes
17,279
19,271
Other creditors
1,690
4,090
---------
---------
309,701
303,013
---------
---------
8. Related party transactions
At the balance sheet date, the company owed £285,830 (2022: £267,845) to a company associated under common control.