Registered number
06751824
M & C VILLAS IN ITALY LTD
Filleted Accounts
30 November 2024
M & C VILLAS IN ITALY LTD
Registered number: 06751824
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 776
Current assets
Cash at bank and in hand 33,794 54,454
Creditors: amounts falling due within one year 4 (25,919) (30,303)
Net current assets 7,875 24,151
Net assets 7,875 24,927
Capital and reserves
Called up share capital 2 2
Profit and loss account 7,873 24,925
Shareholder's funds 7,875 24,927
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms M P Rispoli
Director
Approved by the board on 31 May 2025
M & C VILLAS IN ITALY LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 3,340
Disposals (3,340)
At 30 November 2024 -
Depreciation
At 1 December 2023 2,564
On disposals (2,564)
At 30 November 2024 -
Net book value
At 30 November 2024 -
At 30 November 2023 776
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 900 913
Taxation and social security costs (381) 3,244
Director's loan account 25,400 26,146
25,919 30,303
5 Other information
M & C VILLAS IN ITALY LTD is a private company limited by shares and incorporated in England. Its registered office is:
97 Fenners Marsh
Gravesend
Kent
DA12 2JH
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