Company registration number 11970570 (England and Wales)
FERDOTTI VENTURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FERDOTTI VENTURES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
FERDOTTI VENTURES LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
967,810
967,810
Current assets
Debtors
4
33,345
53,380
Investments
5
812,855
563,717
Cash at bank and in hand
38,729
2,481
884,929
619,578
Creditors: amounts falling due within one year
6
(1,095,740)
(997,741)
Net current liabilities
(210,811)
(378,163)
Total assets less current liabilities
756,999
589,647
Provisions for liabilities
(136,562)
(108,572)
Net assets
620,437
481,075
Capital and reserves
Called up share capital
7
1
1
Non-distributable profits reserve
8
415,559
331,590
Distributable profit and loss reserves
204,877
149,484
Total equity
620,437
481,075

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

FERDOTTI VENTURES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 8 April 2025
Mr Timothy Guidotti
Director
Company Registration No. 11970570
FERDOTTI VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Ferdotti Ventures Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Pleasant Street, The Lyng, West Bromwich, West Midlands, B70 7DP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
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 current liabilities.

1.4
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, current asset investments, trade creditors and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Current asset investments are included at market value.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings/Profit and Loss Account.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

FERDOTTI VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 December 2023 and 30 November 2024
967,810

The fair value of the investment property is the directors considered open market valuation.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
17,825
Other debtors
33,345
35,555
33,345
53,380
5
Current asset investments
2024
2023
£
£
Other investments
812,855
563,717
Investments comprise equities and loan stock investments. These have been revalued in the accounts to reflect market value.
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,067,999
972,999
Corporation tax
16,714
13,522
Other taxation and social security
127
720
Other creditors
10,900
10,500
1,095,740
997,741
FERDOTTI VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
331,590
240,120
Non distributable profits in the year
83,969
91,470
At the end of the year
415,559
331,590
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company has received rent from Ferdotti Motor Services Limited, a company which Mr T Guidotti is a director and is wholly owned by Ferdotti Holdings Ltd. Rent was received on normal commercial terms and the total rent received for this year was £24,600 (2023: £24,600).

 

At the balance sheet date an amount of £Nil was due from Ferdotti Motor Services Limited.

 

10
Parent company

The ultimate parent company is Ferdotti Holdings Ltd, a company registered in England and Wales.

 

At the balance sheet date an amount of £1,067,999 was due to Ferdotti Holdings Ltd.

 

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