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REGISTERED NUMBER: 08269672 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

IMOBILIARIO LIMITED

IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


IMOBILIARIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M J Hall





REGISTERED OFFICE: 101 Cromer Road
Ipswich
Suffolk
!P1 5EP





REGISTERED NUMBER: 08269672 (England and Wales)





ACCOUNTANTS: Gary Drewery
27 Canewdon Road
Westcliff on Sea
Essex
SS0 7NE

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IMOBILIARIO LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imobiliario Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Imobiliario Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Imobiliario Limited and state those matters that we have agreed to state to the director of Imobiliario Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imobiliario Limited and its director for our work or for this report.

It is your duty to ensure that Imobiliario Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Imobiliario Limited. You consider that Imobiliario Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Imobiliario Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Gary Drewery
27 Canewdon Road
Westcliff on Sea
Essex
SS0 7NE


25 March 2025

IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,587 2,507
Investment property 5 2,233,200 2,488,200
2,273,787 2,490,707

CURRENT ASSETS
Debtors 6 122,057 193,482
Prepayments and accrued income - 1,174
Cash at bank 2,277 5,011
124,334 199,667
CREDITORS
Amounts falling due within one year 7 169,216 216,942
NET CURRENT LIABILITIES (44,882 ) (17,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,228,905

2,473,432

CREDITORS
Amounts falling due after more than one
year

8

(1,575,124

)

(1,692,895

)

PROVISIONS FOR LIABILITIES 10 (203,525 ) (112,075 )
NET ASSETS 450,256 668,462

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 450,056 668,262
SHAREHOLDERS' FUNDS 450,256 668,462

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

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

IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

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

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





M J Hall - Director


IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

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

1. STATUTORY INFORMATION

Imobiliario 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amount of rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 9,969
Additions 48,995
At 31 March 2024 58,964
DEPRECIATION
At 1 April 2023 7,462
Charge for year 10,915
At 31 March 2024 18,377
NET BOOK VALUE
At 31 March 2024 40,587
At 31 March 2023 2,507

IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 48,995
At 31 March 2024 48,995
DEPRECIATION
Charge for year 9,799
At 31 March 2024 9,799
NET BOOK VALUE
At 31 March 2024 39,196

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,488,200
Disposals (255,000 )
At 31 March 2024 2,233,200
NET BOOK VALUE
At 31 March 2024 2,233,200
At 31 March 2023 2,488,200

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 2,233,200

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,419,100 2,039,100

Investment properties were valued on an open market basis on 31 March 2024 by the Director. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 122,057 193,482

IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,928 -
Taxation and social security 210 209
Other creditors 162,078 216,733
169,216 216,942

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,548,479 1,692,895
Hire purchase contracts 26,645 -
1,575,124 1,692,895

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,548,479 1,692,895

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,548,479 1,692,895

The bank loans are secured on the company's investment properties.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 203,525 112,075

Deferred
tax
£   
Balance at 1 April 2023 112,075
Charge to Statement of Income and Retained Earnings during year 91,450
Balance at 31 March 2024 203,525

IMOBILIARIO LIMITED (REGISTERED NUMBER: 08269672)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200