San Siro (1934) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06427120 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SAN SIRO (1934) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Orsi

G Orsi

P Orsi

REGISTERED OFFICE:

22 Beaufort Road

London

W5 3EA

REGISTERED NUMBER:

06427120 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

384

1,070

Investment property

5

1,425,000

675,186

1,425,384

676,256

CURRENT ASSETS

Debtors

6

310

-

Cash at bank

339,664

309,277

339,974

309,277

CREDITORS

Amounts falling due within one year

7

576,309

579,628

NET CURRENT LIABILITIES

(236,335

)

(270,351

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,189,049

405,905

PROVISIONS FOR LIABILITIES

8

138,016

-

NET ASSETS

1,051,033

405,905

CAPITAL AND RESERVES

Called up share capital

9

6

Retained earnings

1,051,027

405,899

SHAREHOLDERS' FUNDS

1,051,033

405,905

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 26 August 2025 and were signed on its behalf by:

P Orsi - Director

1.	STATUTORY INFORMATION

San Siro (1934) Ltd 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.

Turnover

Turnover represents gross rents receivable. Rental income is recognised in the period it relates to.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2023

and 30 November 2024

6,554

DEPRECIATION

At 1 December 2023

5,484

Charge for year

686

At 30 November 2024

6,170

NET BOOK VALUE

At 30 November 2024

384

At 30 November 2023

1,070

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

675,186

Revaluations

749,814

At 30 November 2024

1,425,000

NET BOOK VALUE

At 30 November 2024

1,425,000

At 30 November 2023

675,186

Fair value at 30 November 2024 is represented by:

£

Valuation in 2024

1,425,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Other debtors

310

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Taxation and social security

11,254

6,460

Other creditors

565,055

573,168

576,309

579,628

8.	PROVISIONS FOR LIABILITIES

30.11.24

30.11.23

£

Deferred tax

138,016

-

Deferred

tax

£

Movement in the year

138,016

Balance at 30 November 2024

138,016

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

600

Ordinary

0.01

6

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

Director

Balance outstanding at start of year

(557,430

)

(557,430

)

Amounts advanced

557,430

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(557,430

)

Director

Balance outstanding at start of year

-

Amounts repaid

(185,810

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(185,810

)

-

Director

Balance outstanding at start of year

-

Amounts repaid

(185,810

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(185,810

)

-

Director

Balance outstanding at start of year

-

Amounts advanced

100

-

Amounts repaid

(185,910

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(185,810

)

-