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REGISTERED NUMBER: 15120311 (England and Wales)







Unaudited Financial Statements

for the Period 6 September 2023 to 30 September 2024

for

Vitelli Newman Limited

Vitelli Newman Limited (Registered number: 15120311)






Contents of the Financial Statements
for the Period 6 September 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vitelli Newman Limited

Company Information
for the Period 6 September 2023 to 30 September 2024







DIRECTORS: Mrs V M Taylor
Mr P W Taylor





REGISTERED OFFICE: 48 Harcourt Road
Bristol
BS6 7RE





REGISTERED NUMBER: 15120311 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Vitelli Newman Limited (Registered number: 15120311)

Balance Sheet
30 September 2024

Notes £    £   
FIXED ASSETS
Investments 4 43,639
Investment property 5 316,219
359,858

CURRENT ASSETS
Debtors 6 3,754
Cash at bank 228,190
231,944
CREDITORS
Amounts falling due within one year 7 74,054
NET CURRENT ASSETS 157,890
TOTAL ASSETS LESS CURRENT LIABILITIES 517,748

CAPITAL AND RESERVES
Called up share capital 8 2
Retained earnings 9 517,746
SHAREHOLDERS' FUNDS 517,748

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 16 January 2025 and were signed on its behalf by:





Mr P W Taylor - Director


Vitelli Newman Limited (Registered number: 15120311)

Notes to the Financial Statements
for the Period 6 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

Vitelli Newman 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.

Investment property
Investment property is shown at cost of acquisition plus works completed to date.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 43,639
At 30 September 2024 43,639
NET BOOK VALUE
At 30 September 2024 43,639

The above unlisted investment is in a related party, Hive Protect Group Limited, and is valued at cost.

Vitelli Newman Limited (Registered number: 15120311)

Notes to the Financial Statements - continued
for the Period 6 September 2023 to 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 316,219
At 30 September 2024 316,219
NET BOOK VALUE
At 30 September 2024 316,219

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 724
Prepayments 3,030
3,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,829
Directors' current accounts 65,039
Accrued expenses 5,186
74,054

8. CALLED UP SHARE CAPITAL

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

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. RESERVES
Retained
earnings
£   

Profit for the period 576,746
Dividends (59,000 )
At 30 September 2024 517,746

10. RELATED PARTY DISCLOSURES

During the year, Vitelli Newman Limited received dividends of £615,674 from Hive Protect Group Limited. There were no monies outstanding as at the balance sheet date.