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Company registration number: 14236135
Ikigai Italia Limited
Unaudited filleted financial statements
31 July 2024
Ikigai Italia Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Ikigai Italia Limited
Directors and other information
Directors Miss Helena Anderson
Mr Roberto Castiglioni
Company number 14236135
Registered office 104 Old Ford Road
London
E2 9PW
Ikigai Italia Limited
Statement of financial position
31 July 2024
31/07/24 31/07/23
Note £ £ £ £
Fixed assets
Investments 4 52,922 -
_______ _______
52,922 -
Current assets
Debtors 5 1,065,027 26,514
Cash at bank and in hand 7,713 18
_______ _______
1,072,740 26,532
Creditors: amounts falling due
within one year 6 ( 1,113,351) ( 7,805)
_______ _______
Net current (liabilities)/assets ( 40,611) 18,727
_______ _______
Total assets less current liabilities 12,311 18,727
_______ _______
Net assets 12,311 18,727
_______ _______
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account ( 7,689) ( 1,273)
_______ _______
Shareholders funds 12,311 18,727
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Miss Helena Anderson
Director
Company registration number: 14236135
Ikigai Italia Limited
Statement of changes in equity
Year ended 31 July 2024
Called up share capital Profit and loss account Total
£ £ £
At 15 July 2022 - - -
Loss for the year ( 1,273) ( 1,273)
_______ _______ _______
Total comprehensive income for the year - ( 1,273) ( 1,273)
Issue of shares 20,000 20,000
_______ _______ _______
Total investments by and distributions to owners 20,000 - 20,000
_______ _______ _______
At 31 July 2023 and 1 August 2023 20,000 ( 1,273) 18,727
Loss for the year ( 6,416) ( 6,416)
_______ _______ _______
Total comprehensive income for the year - ( 6,416) ( 6,416)
_______ _______ _______
At 31 July 2024 20,000 ( 7,689) 12,311
_______ _______ _______
Ikigai Italia Limited
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 104 Old Ford Road, London, E2 9PW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 August 2023 - -
Additions 52,922 52,922
_______ _______
At 31 July 2024 52,922 52,922
_______ _______
Impairment
At 1 August 2023 and 31 July 2024 - -
_______ _______
Carrying amount
At 31 July 2024 52,922 52,922
_______ _______
At 31 July 2023 - -
_______ _______
5. Debtors
31/07/24 31/07/23
£ £
Other debtors 1,065,027 26,514
_______ _______
6. Creditors: amounts falling due within one year
31/07/24 31/07/23
£ £
Bank loans and overdrafts 758,661 -
Other creditors 354,690 7,805
_______ _______
1,113,351 7,805
_______ _______