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REGISTERED NUMBER: 10602744 (England and Wales)















Financial Statements for the Year Ended 28 February 2025

for

Positano (2017) Ltd

Positano (2017) Ltd (Registered number: 10602744)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Positano (2017) Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: S Luli
Mrs D Luli





REGISTERED OFFICE: 165 Ewell Road
Surbiton
KT6 6AW





REGISTERED NUMBER: 10602744 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
East Ham
London
E12 6PH

Positano (2017) Ltd (Registered number: 10602744)

Balance Sheet
28 February 2025

28.2.25 28.2.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,800 10,200
Tangible assets 5 6,129 8,446
12,929 18,646

CURRENT ASSETS
Stocks 2,056 1,420
Debtors 6 10,996 -
Cash at bank and in hand 30,199 70,875
43,251 72,295
CREDITORS
Amounts falling due within one year 7 28,090 57,554
NET CURRENT ASSETS 15,161 14,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,090

33,387

CREDITORS
Amounts falling due after more than
one year

8

26,713

32,923
NET ASSETS 1,377 464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,277 364
SHAREHOLDERS' FUNDS 1,377 464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Positano (2017) Ltd (Registered number: 10602744)

Balance Sheet - continued
28 February 2025


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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





Mrs D Luli - Director


Positano (2017) Ltd (Registered number: 10602744)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Positano (2017) Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Positano (2017) Ltd (Registered number: 10602744)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 February 2024
and 28 February 2025 34,000
AMORTISATION
At 29 February 2024 23,800
Charge for year 3,400
At 28 February 2025 27,200
NET BOOK VALUE
At 28 February 2025 6,800
At 28 February 2024 10,200

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 February 2024
and 28 February 2025 4,573 18,601 23,174
DEPRECIATION
At 29 February 2024 2,422 12,306 14,728
Charge for year 457 1,860 2,317
At 28 February 2025 2,879 14,166 17,045
NET BOOK VALUE
At 28 February 2025 1,694 4,435 6,129
At 28 February 2024 2,151 6,295 8,446

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade debtors 771 -
Other debtors 10,225 -
10,996 -

Positano (2017) Ltd (Registered number: 10602744)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade creditors 2,771 1,985
Taxation and social security 14,860 22,952
Other creditors 10,459 32,617
28,090 57,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.25 28.2.24
£    £   
Bank loans 26,713 32,923

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 28 February 2024:

28.2.25 28.2.24
£    £   
S Luli
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

Mrs D Luli
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

Positano (2017) Ltd

Report of the Accountants to the Directors of
Positano (2017) Ltd

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ortenz & Co Ltd
354 High Street North
East Ham
London
E12 6PH


1 April 2025