Registered number
07493283
Villa Bianca of Hampstead Limited
Filleted Accounts
31 March 2024
Villa Bianca of Hampstead Limited
Registered number: 07493283
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,400 20,800
Tangible assets 4 39,736 40,337
50,136 61,137
Current assets
Cash at bank 15,475 8,110
Creditors: amounts falling due within one year 5 (390,816) (423,988)
Net current liabilities (375,341) (415,878)
Net liabilities (325,205) (354,741)
Capital and reserves
Called up share capital 100 100
Profit and loss account (325,305) (354,841)
Shareholders' funds (325,205) (354,741)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R Mollura
Director
Approved by the board on 7 July 2025
Villa Bianca of Hampstead Limited
Notes to the Accounts
for the year ended 31 March 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 fees received (exclusive of vat) for management services rendered
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. (see note below)
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided as set out below
Leasehold land and buildings no further depreciation is being provided
Furniture and equipment 20% on net book value
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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill
Cost
At 1 April 2023 130,000
At 31 March 2024 130,000
Amortisation
At 1 April 2023 109,200
Provided during the year 10,400
At 31 March 2024 119,600
Net book value
At 31 March 2024 10,400
At 31 March 2023 20,800
Goodwill is being written off in equal annual instalments over its estimated economic life
4 Tangible fixed assets
Land and buildings Furniture &equipment Total
£ £ £
Cost
At 1 April 2023 97,332 148,940 246,272
At 31 March 2024 97,332 148,940 246,272
Depreciation
At 1 April 2023 60,000 145,935 205,935
Charge for the year - 601 601
At 31 March 2024 60,000 146,536 206,536
Net book value
At 31 March 2024 37,332 2,404 39,736
At 31 March 2023 37,332 3,005 40,337
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's Loan 391,415 425,065
Associated undertakings (8,300) (8,400)
Vat 6,951 6,573
Accruals 750 750
390,816 423,988
6 Other information
Villa Bianca of Hampstead Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Perrins Court
Hampstead
London
NW3 1QS
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