Silverfin false false 30/06/2024 21/06/2023 30/06/2024 W Sawyer 21/06/2023 21 March 2025 The principal activity of the Company during the financial period was the design and development of sports clothing for resale. 14951485 2024-06-30 14951485 bus:Director1 2024-06-30 14951485 core:CurrentFinancialInstruments 2024-06-30 14951485 core:ShareCapital 2024-06-30 14951485 core:RetainedEarningsAccumulatedLosses 2024-06-30 14951485 bus:OrdinaryShareClass1 2024-06-30 14951485 2023-06-21 2024-06-30 14951485 bus:FilletedAccounts 2023-06-21 2024-06-30 14951485 bus:SmallEntities 2023-06-21 2024-06-30 14951485 bus:AuditExemptWithAccountantsReport 2023-06-21 2024-06-30 14951485 bus:PrivateLimitedCompanyLtd 2023-06-21 2024-06-30 14951485 bus:Director1 2023-06-21 2024-06-30 14951485 bus:OrdinaryShareClass1 2023-06-21 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14951485 (England and Wales)

DIAVOLEZZA TRADING LIMITED

Unaudited Financial Statements
For the financial period from 21 June 2023 to 30 June 2024
Pages for filing with the registrar

DIAVOLEZZA TRADING LIMITED

Unaudited Financial Statements

For the financial period from 21 June 2023 to 30 June 2024

Contents

DIAVOLEZZA TRADING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
DIAVOLEZZA TRADING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024
£
Current assets
Debtors 3 3,175
Cash at bank and in hand 5,420
8,595
Creditors: amounts falling due within one year 4 ( 30,608)
Net current liabilities (22,013)
Total assets less current liabilities (22,013)
Net liabilities ( 22,013)
Capital and reserves
Called-up share capital 5 0
Profit and loss account ( 22,013 )
Total shareholder's deficit ( 22,013)

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Diavolezza Trading Limited (registered number: 14951485) were approved and authorised for issue by the Director on 21 March 2025. They were signed on its behalf by:

W Sawyer
Director
DIAVOLEZZA TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 June 2023 to 30 June 2024
DIAVOLEZZA TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 June 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Diavolezza Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £22,013. The Company is supported through loans from the participator. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the participator will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
21.06.2023 to
30.06.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Debtors

30.06.2024
£
VAT recoverable 3,175

4. Creditors: amounts falling due within one year

30.06.2024
£
Trade creditors 3,600
Accruals 5,250
Other creditors 21,758
30,608

5. Called-up share capital

30.06.2024
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 0.10 0.10