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REGISTERED NUMBER: 11210449 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ITALIA CONTI ASSOCIATES PETERSFIELD LTD

ITALIA CONTI ASSOCIATES PETERSFIELD LTD (REGISTERED NUMBER: 11210449)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ITALIA CONTI ASSOCIATES PETERSFIELD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 July 2024







DIRECTORS: J Peterson
J Traviss





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 11210449 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

ITALIA CONTI ASSOCIATES PETERSFIELD LTD (REGISTERED NUMBER: 11210449)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,558 6,078
Tangible assets 5 77 103
4,635 6,181

CURRENT ASSETS
Stocks 600 600
Debtors 6 3,086 333
Cash at bank 6,306 7,062
9,992 7,995
CREDITORS
Amounts falling due within one year 7 5,358 11,853
NET CURRENT ASSETS/(LIABILITIES) 4,634 (3,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,269

2,323

CAPITAL AND RESERVES
Called up share capital 19,600 20,100
Capital redemption reserve 4,500 4,000
Retained earnings (14,831 ) (21,777 )
9,269 2,323

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

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

ITALIA CONTI ASSOCIATES PETERSFIELD LTD (REGISTERED NUMBER: 11210449)

BALANCE SHEET - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




J Traviss - Director



J Peterson - Director


ITALIA CONTI ASSOCIATES PETERSFIELD LTD (REGISTERED NUMBER: 11210449)

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


1. STATUTORY INFORMATION

Italia Conti Associates Petersfield 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 represents income from providing classes to individuals up to 18+ years of age in the performing arts, excluding value added tax.

Intangible assets
The costs of the franchise fee in 2018 is being written off evenly over a six year term with effect from year ended 31 July 2022, as a result of the agreement being extended to 2028.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

ITALIA CONTI ASSOCIATES PETERSFIELD LTD (REGISTERED NUMBER: 11210449)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 22,794
AMORTISATION
At 1 August 2023 16,716
Charge for year 1,520
At 31 July 2024 18,236
NET BOOK VALUE
At 31 July 2024 4,558
At 31 July 2023 6,078

As a result of the franchise agreement being extended for a further five years at no cost it was decided that the remaining value of the franchise fee which was originally purchased in 2018 should be amortised over six years with effect from the year ending 31 July 2022.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023
and 31 July 2024 435
DEPRECIATION
At 1 August 2023 332
Charge for year 26
At 31 July 2024 358
NET BOOK VALUE
At 31 July 2024 77
At 31 July 2023 103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,733 -
Other debtors 353 333
3,086 333

ITALIA CONTI ASSOCIATES PETERSFIELD LTD (REGISTERED NUMBER: 11210449)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,353 928
Other creditors 3,005 10,925
5,358 11,853

8. PREFERENCE SHARES

The company repaid £500 (2023 - £nil) of the 5% redeemable preference shares in the year. Dividends paid in the year totalled £1,000 and an interest payment of £492 was also paid.