SOMBRERO LATIN LIMITED

Company Registration Number:
09057988 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SOMBRERO LATIN LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

SOMBRERO LATIN LIMITED

Company Information

for the Period Ended 31 May 2024




Director: A E Pinto Henriquez
Registered office: Flat 3, 165a
Elm Grove
Southsea
Hampshire
PO5 1LU
Company Registration Number: 09057988 (England and Wales)

SOMBRERO LATIN LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 2,000 3,000
Tangible assets: 5 13,396 16,712
Total fixed assets: 15,396 19,712
Current assets
Stocks: 43,150 34,750
Cash at bank and in hand: 210,137 157,803
Total current assets: 253,287 192,553
Creditors: amounts falling due within one year: 6 ( 264,876 ) ( 204,087 )
Net current assets (liabilities): ( 11,589 ) ( 11,534 )
Total assets less current liabilities: 3,807 8,178
Provision for liabilities: ( 2,545 ) ( 957 )
Total net assets (liabilities): 1,262 7,221

The notes form part of these financial statements

SOMBRERO LATIN LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,162 7,121
Shareholders funds: 1,262 7,221

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 5 January 2025
And Signed On Behalf Of The Board By:

Name: A E Pinto Henriquez
Status: Director

The notes form part of these financial statements

SOMBRERO LATIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
    Plant and equipment - 15% on reducing balance
    Motor vehicles - 20% on reducing balance

    Intangible fixed assets amortisation policy

    Goodwill is amortised on a straight-line basis over the estimated economic life. The estimated economic life is 10 years.

    Other accounting policies

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

SOMBRERO LATIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

SOMBRERO LATIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

SOMBRERO LATIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Intangible assets

Goodwill Total
Cost £ £
At 01 June 2023 10,000 10,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2024 10,000 10,000
Amortisation
Amortisation at 01 June 2023 7,000 7,000
Charge for year 1,000 1,000
On disposals - -
Other adjustments - -
Amortisation at 31 May 2024 8,000 8,000
Net book value
Net book value at 31 May 2024 2,000 2,000
Net book value at 31 May 2023 3,000 3,000

SOMBRERO LATIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 June 2023 1,750 29,300 31,050
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 May 2024 1,750 29,300 31,050
Depreciation
At 01 June 2023 1,222 13,116 14,338
Charge for year 79 3,237 3,316
On disposals - - -
Other adjustments - - -
At 31 May 2024 1,301 16,353 17,654
Net book value
At 31 May 2024 449 12,947 13,396
At 31 May 2023 528 16,184 16,712

SOMBRERO LATIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 9,661 8,986
Other creditors 255,215 195,101
Total 264,876 204,087