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REGISTERED NUMBER: 04874951 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 MARCH 2024

FOR

BALZANO'S LIMITED

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALZANO'S LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTORS: R Balzano
R R N Balzano



REGISTERED OFFICE: 204 Cherry Hinton Road
Cambridge
Cambridgeshire
CB1 7AW



REGISTERED NUMBER: 04874951 (England and Wales)



ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA



SOLICITORS: Irena Spence & Co
68-70 Castle Street
Cambridge
CB3 0AJ

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 270,637 305,158
270,637 305,158

CURRENT ASSETS
Stocks 7 12,500 13,500
Debtors 8 131,561 130,412
Cash at bank and in hand 150,857 202,116
294,918 346,028
CREDITORS
Amounts falling due within one year 9 (53,801 ) (79,526 )
NET CURRENT ASSETS 241,117 266,502
TOTAL ASSETS LESS CURRENT LIABILITIES 511,754 571,660

PROVISIONS FOR LIABILITIES 10 (4,076 ) (3,919 )
NET ASSETS 507,678 567,741

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 507,578 567,641
SHAREHOLDERS' FUNDS 507,678 567,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

BALANCE SHEET - continued
30 MARCH 2024


The 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





R Balzano - Director


BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Balzano's Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding value-added tax and trade discounts. The company recognises turnover as follows:

Revenue from the Sale of Goods
Revenue is recognised at the point when the goods are delivered to the customer, and ownership, along with the associated risks and rewards, is transferred.

Revenue from the Provision of Services
Revenue is recognised as the services are rendered, reflecting the stage of completion of the transaction at the reporting date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% on cost
Long leasehold - 2.5% on cost
Improvements to property - 2.5% on cost
Equipment, fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 30 March 2024 48,500
AMORTISATION
At 1 April 2023
and 30 March 2024 48,500
NET BOOK VALUE
At 30 March 2024 -
At 31 March 2023 -

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

6. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 April 2023 44,211 152,549 148,659
Additions - - -
Disposals - - -
At 30 March 2024 44,211 152,549 148,659
DEPRECIATION
At 1 April 2023 7,958 27,459 26,066
Charge for period 884 3,051 26,067
Eliminated on disposal - - -
At 30 March 2024 8,842 30,510 52,133
NET BOOK VALUE
At 30 March 2024 35,369 122,039 96,526
At 31 March 2023 36,253 125,090 122,593

Equipment,
fixtures Motor Office
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 212,561 19,199 16,817 593,996
Additions 512 - 1,096 1,608
Disposals (2,015 ) - (1,331 ) (3,346 )
At 30 March 2024 211,058 19,199 16,582 592,258
DEPRECIATION
At 1 April 2023 195,454 18,170 13,731 288,838
Charge for period 4,222 257 868 35,349
Eliminated on disposal (1,396 ) - (1,170 ) (2,566 )
At 30 March 2024 198,280 18,427 13,429 321,621
NET BOOK VALUE
At 30 March 2024 12,778 772 3,153 270,637
At 31 March 2023 17,107 1,029 3,086 305,158

7. STOCKS
2024 2023
£    £   
Stocks 12,500 13,500

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 122,231 97,085
Other debtors 9,330 33,327
131,561 130,412

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,166 30,645
Amounts owed to associates 914 15,624
Taxation and social security 3,690 15,773
Other creditors 19,031 17,484
53,801 79,526

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,076 3,919

Deferred
tax
£   
Balance at 1 April 2023 3,919
Provided during period 157
Movement in the year
Balance at 30 March 2024 4,076

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

BALZANO'S LIMITED (REGISTERED NUMBER: 04874951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

12. RELATED PARTY DISCLOSURES

The company was billed £14,709 (2023: £15,624) for services rendered from companies under common control. The amount owed to companies under common control at the balance sheet date is £914 (2023: £15,624). The amounts bear no interest, are repayable on demand and included within other creditors due in less than one year.

The company was billed £49,784 (2023: £54,000) for services rendered from group companies. The amount owed from group companies at the balance sheet date is £122,231 (2023: £97,085). The amount bears no interest, is repayable on demand and included within other debtors due in less than one year.

At the balance sheet date £459 (2023: £nil) was owed to the directors. The amount bears no interest, is repayable on demand and is disclosed within creditors due in less than one year.