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REGISTERED NUMBER: 04770743 (England and Wales)













MAESTRO CALABRESE INTERNATIONAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






MAESTRO CALABRESE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04770743)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MAESTRO CALABRESE INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S A Calabrese
S M Calabrese





SECRETARY: S M Calabrese





REGISTERED OFFICE: 24 Leadale Avenue
Chingford
London
E4 8AT





REGISTERED NUMBER: 04770743 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

MAESTRO CALABRESE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04770743)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,437 1,616
Tangible assets 5 16,528 22,037
17,965 23,653

CURRENT ASSETS
Debtors 6 27,793 20,078
Cash at bank and in hand 306,209 196,991
334,002 217,069
CREDITORS
Amounts falling due within one year 7 90,984 39,713
NET CURRENT ASSETS 243,018 177,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,983

201,009

PROVISIONS FOR LIABILITIES 8 3,856 5,141
NET ASSETS 257,127 195,868

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 257,027 195,768
SHAREHOLDERS' FUNDS 257,127 195,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MAESTRO CALABRESE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04770743)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:




S A Calabrese - Director



S M Calabrese - Director


MAESTRO CALABRESE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04770743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Maestro Calabrese International 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.

Turnover
Turnover is the amount receivable by the company for goods supplied and services provided.

Patents and licenses
Patent Rights are being amortised on a straight line basis over ten years.

Website
Website costs are being amortised on a straight line basis over five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MAESTRO CALABRESE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04770743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Patents
and Website
licences costs Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 13,329 8,468 21,797
AMORTISATION
At 1 June 2023 11,713 8,468 20,181
Amortisation for year 179 - 179
At 31 May 2024 11,892 8,468 20,360
NET BOOK VALUE
At 31 May 2024 1,437 - 1,437
At 31 May 2023 1,616 - 1,616

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 13,107 29,445 6,900 49,452
DEPRECIATION
At 1 June 2023 11,771 8,744 6,900 27,415
Charge for year 334 5,175 - 5,509
At 31 May 2024 12,105 13,919 6,900 32,924
NET BOOK VALUE
At 31 May 2024 1,002 15,526 - 16,528
At 31 May 2023 1,336 20,701 - 22,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,669 19,049
Other debtors 604 -
Prepayments 1,520 1,029
27,793 20,078

MAESTRO CALABRESE INTERNATIONAL LIMITED (REGISTERED NUMBER: 04770743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 48,888 26,306
Social security and other taxes 2,824 516
Value added tax 3,435 5,110
Other creditors 34,330 6,586
Directors' current accounts 1,507 1,195
90,984 39,713

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,856 5,141

Deferred
tax
£   
Balance at 1 June 2023 5,141
Provided during year (1,285 )
Balance at 31 May 2024 3,856

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

During the year the company purchased goods to the value of £5,284 (2023 £9,146) from S A Calabrese from his personal vintage collection.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by S A Calabrese.