Cristofaro Limited 08232640 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Engineering consultancy Digita Accounts Production Advanced 6.30.9574.0 true 08232640 2024-04-01 2025-03-31 08232640 2025-03-31 08232640 core:CurrentFinancialInstruments 2025-03-31 08232640 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08232640 core:Non-currentFinancialInstruments 2025-03-31 08232640 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08232640 core:FurnitureFittings 2025-03-31 08232640 bus:SmallEntities 2024-04-01 2025-03-31 08232640 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08232640 bus:FilletedAccounts 2024-04-01 2025-03-31 08232640 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08232640 bus:RegisteredOffice 2024-04-01 2025-03-31 08232640 bus:Director1 2024-04-01 2025-03-31 08232640 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08232640 core:FurnitureFittings 2024-04-01 2025-03-31 08232640 countries:EnglandWales 2024-04-01 2025-03-31 08232640 2024-03-31 08232640 core:FurnitureFittings 2024-03-31 08232640 2023-04-01 2024-03-31 08232640 2024-03-31 08232640 core:CurrentFinancialInstruments 2024-03-31 08232640 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08232640 core:Non-currentFinancialInstruments 2024-03-31 08232640 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08232640 core:FurnitureFittings 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 08232640

Cristofaro Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2025

 

Cristofaro Limited

(Registration number: 08232640)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

671

895

Investment property

5

811,077

811,077

 

811,748

811,972

Current assets

 

Debtors

6

5,195

5,101

Cash at bank and in hand

 

8,824

5,291

 

14,019

10,392

Creditors: Amounts falling due within one year

7

(311,077)

(313,491)

Net current liabilities

 

(297,058)

(303,099)

Total assets less current liabilities

 

514,690

508,873

Creditors: Amounts falling due after more than one year

7

(430,465)

(430,465)

Provisions for liabilities

(18,010)

(18,053)

Net assets

 

66,215

60,355

Capital and reserves

 

Called up share capital

100

100

Fair value reserve

57,189

57,189

Profit and loss account

8,926

3,066

Shareholders' funds

 

66,215

60,355

 

Cristofaro Limited

(Registration number: 08232640)
Statement of Financial Position as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 24 July 2025
 

.........................................
Mr N Cristofaro
Director

 

Cristofaro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Cristofaro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

Cristofaro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2024

3,504

3,504

At 31 March 2025

3,504

3,504

Depreciation

At 1 April 2024

2,609

2,609

Charge for the year

224

224

At 31 March 2025

2,833

2,833

Carrying amount

At 31 March 2025

671

671

At 31 March 2024

895

895

5

Investment properties

2025
£

At 1 April 2024

811,077

At 31 March 2025

811,077

There has been no valuation of investment property by an independent valuer. The property has been revalued by the director on the basis of prices obtained for similar properties.

6

Debtors

2025
£

2024
£

Other debtors

4,773

4,410

Prepayments

422

691

5,195

5,101

 

Cristofaro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7,023

8,566

Taxation and social security

 

587

-

Accruals and deferred income

 

1,638

3,260

Other creditors

 

301,829

301,665

 

311,077

313,491

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Loans and borrowings

8

430,465

430,465

Creditors include interest only mortgages of £126,225 due to be repaid in 2046, £149,495 due to be repaid in 2048 and £154,745 due to be repaid in 2047

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

430,465

430,465