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REGISTERED NUMBER: 09916857 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fazio Limited

Fazio Limited (Registered number: 09916857)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fazio Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A Zastavnyi





REGISTERED OFFICE: 123 Pall Mall
St. James's
London
SW1Y 5EA





REGISTERED NUMBER: 09916857 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Fazio Limited (Registered number: 09916857)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investments 4 481,117 481,117

CURRENT ASSETS
Debtors 5 27,067 100

CREDITORS
Amounts falling due within one year 6 (523,723 ) (493,932 )
NET CURRENT LIABILITIES (496,656 ) (493,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,539

)

(12,715

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,639 ) (12,815 )
SHAREHOLDERS' FUNDS (15,539 ) (12,715 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2025 and were signed by:





A Zastavnyi - Director


Fazio Limited (Registered number: 09916857)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Fazio 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.

2. ACCOUNTING POLICIES

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

The financial statements are presented in Pound Sterling.

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities amounting to £15,539 (2023: £12,715) and incurred a net loss of £2,824 (2023: £2,784) for the year.

The director considers the going concern basis to be appropriate due to the fact that the ultimate controlling party has agreed to provide financial support for the next 12 months as from the date of approval of the financial statements in order for the company to meet its liabilities.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method, less any impairment.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Investments in associates
Investments in associates are accounted for at cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2024
and 31 December 2024 481,117
NET BOOK VALUE
At 31 December 2024 481,117
At 31 December 2023 481,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 27,067 100

Fazio Limited (Registered number: 09916857)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 523,723 493,932

7. RELATED PARTY DISCLOSURES

The amount of £494,755 (2023: £491,932) included in Other creditors relates to an interest-free loan from related parties which is repayable on demand.

The company has an amount owed by The Oxford Street Trust (ultimate controlling party) of £26,967.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Oxford Street Trust.