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REGISTERED NUMBER: 09080823 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Villa Venezia (NW) Limited

Villa Venezia (NW) Limited (Registered number: 09080823)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Villa Venezia (NW) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss Maria Abeleira
Luis Ribeiro





REGISTERED OFFICE: 395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside
CH42 8PF





REGISTERED NUMBER: 09080823 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

Villa Venezia (NW) Limited (Registered number: 09080823)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,500
Tangible assets 5 9,494 11,907
9,494 19,407

CURRENT ASSETS
Stocks 4,600 4,300
Debtors 6 813 67,211
Cash at bank and in hand 57,876 42,873
63,289 114,384
CREDITORS
Amounts falling due within one year 7 70,978 55,439
NET CURRENT (LIABILITIES)/ASSETS (7,689 ) 58,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,805

78,352

CREDITORS
Amounts falling due after more than one
year

8

-

(75,000

)

PROVISIONS FOR LIABILITIES (1,804 ) (2,262 )
NET ASSETS 1 1,090

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (1 ) 1,088
SHAREHOLDERS' FUNDS 1 1,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Villa Venezia (NW) Limited (Registered number: 09080823)

Balance Sheet - continued
30 September 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 7 May 2025 and were signed on its behalf by:





Luis Ribeiro - Director


Villa Venezia (NW) Limited (Registered number: 09080823)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Villa Venezia (NW) 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.

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 2014, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Fixtures and fittings - 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.

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.

Villa Venezia (NW) Limited (Registered number: 09080823)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 75,000
AMORTISATION
At 1 October 2023 67,500
Amortisation for year 7,500
At 30 September 2024 75,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 7,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 4,512 38,684 43,196
Additions 750 - 750
At 30 September 2024 5,262 38,684 43,946
DEPRECIATION
At 1 October 2023 1,128 30,161 31,289
Charge for year 1,033 2,130 3,163
At 30 September 2024 2,161 32,291 34,452
NET BOOK VALUE
At 30 September 2024 3,101 6,393 9,494
At 30 September 2023 3,384 8,523 11,907

Villa Venezia (NW) Limited (Registered number: 09080823)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 111 -
Directors' current accounts - 67,211
Prepayments 702 -
813 67,211

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 8 8
Trade creditors 8,425 16,351
Tax 19,727 9,487
Social security and other taxes 1,220 580
Pensions 559 297
VAT 26,393 24,927
Other creditors 3,378 3,166
Wages 2,911 -
Directors' current accounts 8,357 -
Accruals and deferred income - 623
70,978 55,439

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans more 5yrs non-inst - 75,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 75,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 October 2023 1,088
Profit for the year 66,911
Dividends (68,000 )
At 30 September 2024 (1 )

Villa Venezia (NW) Limited (Registered number: 09080823)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. OTHER FINANCIAL COMMITMENTS

At 30 September 2024 the company owed £618 (2023 - £3,601l) in lease commitments.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Miss Maria Abeleira
Balance outstanding at start of year 42,663 36,776
Amounts advanced 49,836 5,887
Amounts repaid (99,274 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,775 ) 42,663

Luis Ribeiro
Balance outstanding at start of year 24,548 20,660
Amounts advanced 49,805 3,888
Amounts repaid (74,386 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33 ) 24,548

Villa Venezia (NW) Limited

Report of the Accountants to the Directors of
Villa Venezia (NW) Limited

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 30 September 2024 set out on pages two to eight 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.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


7 May 2025