REGISTERED NUMBER: 09312405 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BIRITWO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Colussi

T Salvemini

REGISTERED OFFICE:

38 Craven Street

London

REGISTERED NUMBER:

09312405 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Investments

4

817,889

819,228

CURRENT ASSETS

Debtors

5

503,907

523,432

Investments

6

1,366,485

1,480,001

Cash at bank and in hand

97,737

9,625

1,968,129

2,013,058

CREDITORS

Amounts falling due within one year

7

(624,164

)

(611,629

)

NET CURRENT ASSETS

1,343,965

1,401,429

TOTAL ASSETS LESS CURRENT LIABILITIES

2,161,854

2,220,657

CREDITORS

Amounts falling due after more than one year

8

(2,104,696

)

(2,224,832

)

PROVISIONS FOR LIABILITIES

(10,082

)

(33,819

)

NET ASSETS/(LIABILITIES)

47,076

(37,994

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,976

(38,094

)

47,076

(37,994

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 August 2025 and were signed on its behalf by:

A Colussi - Director

1.	STATUTORY INFORMATION

BIRITWO 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 as modified by the revaluation of certain assets.

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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the last day of the month. There is no significant difference between the monthly average exchange rate and the rate at the end of the month. Exchange differences are taken into account in arriving at the operating result.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities,

including bank loans, are measured at fair value, net of transaction costs.

Debtors

Short term trade debtors are measured at transaction price. And provision for bad debt is made when necessary.

Investments

Investments comprise of listed investments which are measured at fair value. Changes in fair value are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2023

819,228

Revaluations

(1,339

)

At 30 November 2024

817,889

NET BOOK VALUE

At 30 November 2024

817,889

At 30 November 2023

819,228

Cost or valuation at 30 November 2024 is represented by:

Other

investments

£

Cost

817,889

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

-

503,907

Amounts falling due after more than one year:

Trade debtors

-

19,525

Other debtors

503,907

-

503,907

19,525

Aggregate amounts

503,907

523,432

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Listed stock investment Curren

1,366,485

1,480,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

602,610

592,475

Other creditors

21,554

19,154

624,164

611,629

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

2,104,696

2,224,832

9.	RELATED PARTY DISCLOSURES

As at year end the company owed £2,400 (2023: £2,400) to Biricube Limited, a company controlled by the ultimate shareholder.

As at year end, total amount owed to the ultimate shareholder is £2,104,696 (2023: £2,224,832).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ramses 11 Holding.

The ultimate controlling party is Mr.L.Bellini, an Italian resident individual.