IRIS Accounts Production v25.1.0.734 11432770 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114327702023-06-30114327702024-06-30114327702023-07-012024-06-30114327702022-06-30114327702022-07-012023-06-30114327702023-06-3011432770ns15:EnglandWales2023-07-012024-06-3011432770ns14:PoundSterling2023-07-012024-06-3011432770ns10:Director12023-07-012024-06-3011432770ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011432770ns10:SmallEntities2023-07-012024-06-3011432770ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011432770ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011432770ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011432770ns10:FullAccounts2023-07-012024-06-3011432770ns5:CurrentFinancialInstruments2024-06-3011432770ns5:CurrentFinancialInstruments2023-06-3011432770ns5:ShareCapital2024-06-3011432770ns5:ShareCapital2023-06-3011432770ns5:SharePremium2024-06-3011432770ns5:SharePremium2023-06-3011432770ns5:RetainedEarningsAccumulatedLosses2024-06-3011432770ns5:RetainedEarningsAccumulatedLosses2023-06-3011432770ns10:RegisteredOffice2023-07-012024-06-3011432770ns5:CostValuation2023-06-3011432770ns5:AdditionsToInvestments2024-06-3011432770ns5:CostValuation2024-06-3011432770ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3011432770ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 11432770 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CARROZZO CAPITAL LTD

CARROZZO CAPITAL LTD (REGISTERED NUMBER: 11432770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


CARROZZO CAPITAL LTD (REGISTERED NUMBER: 11432770)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 7,795,799 4,736

CURRENT ASSETS
Inventories 28,345 28,345
Debtors 5 1,899,154 1,657,874
Investments 6 - 8,700
Cash at bank and in hand 9,338 19,328
1,936,837 1,714,247
CREDITORS
Amounts falling due within one year 7 1,487,214 1,655,354
NET CURRENT ASSETS 449,623 58,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,245,422

63,629

CAPITAL AND RESERVES
Called up share capital 9,144 350
Share premium 7,782,822 -
Retained earnings 453,456 63,279
SHAREHOLDERS' FUNDS 8,245,422 63,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12 May 2025 and were signed by:





Mr M J Carrozzo - Director


CARROZZO CAPITAL LTD (REGISTERED NUMBER: 11432770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Carrozzo Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11432770

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Carrozzo Capital Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Investments in subsidiaries and associates
Investments in subsidiaries and associates undertakings are recognised at cost less impairment.

Current asset investments
Current asset investments are initially measured at cost and are subsequently measured at their fair value.

Stocks
Inventories 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 statement of financial position date.


CARROZZO CAPITAL LTD (REGISTERED NUMBER: 11432770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associates Totals
£    £    £   
COST
At 1 July 2023 - 4,736 4,736
Additions 1,106,440 6,684,623 7,791,063
At 30 June 2024 1,106,440 6,689,359 7,795,799
NET BOOK VALUE
At 30 June 2024 1,106,440 6,689,359 7,795,799
At 30 June 2023 - 4,736 4,736

During the year, the company made an additional investment of £7,791,063 in group and associates undertakings as part of a strategic realignment. The director believes that this restructuring will strengthen the company's long-term returns and provide better support for its core operations.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 22,200
Other debtors 1,899,154 1,635,674
1,899,154 1,657,874

CARROZZO CAPITAL LTD (REGISTERED NUMBER: 11432770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments - 8,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 120
Amounts owed to group undertakings 812,900 -
Other creditors 674,314 1,655,234
1,487,214 1,655,354

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors due within one year is an amount of £1,347,332 (2023: £1,026,013) due from connected companies with common shareholdings or directorships. Also included is an amount of £55,500 (2023: £Nil) due from an associate company. The loans were interest free and recoverable on demand.

Included in other creditors due within one year is an amount of £534,313 (2023: £1,428,493) due to connected companies with common shareholdings or directorships. Also included is an amount of £50,000 (2023: £100,000) due to associate companies. The loans were interest free and repayable on demand.

9. SHARE CAPITAL AND SHARE PREMIUM

During the year, the company restructured its ordinary share capital by subdividing it into 350,000 ordinary shares of £0.001 each. It also issued 8,794,699 ordinary shares of £0.001 each in exchange for shares in associate and subsidiary undertakings, resulting in a share premium of £7,782,822.