| Registered Number:06152545 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
AREA UNO LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
AREA UNO LTD
Statement of Financial Position
2023
2024
| Property, plant and equipment |
-
12,837
2,385,692
1,783,692
1,783,692
2,398,529
| Trade and other receivables |
18,950
74,724
2
14,343
| Cash and cash equivalents |
7,426
82,150
33,293
| Trade and other payables: amounts falling due within one |
| year |
(1,235,633)
(658,395)
3
(1,202,340)
(576,245)
Net current liabilities
| Total assets less current liabilities |
1,207,447
1,196,189
| Trade and other payables: amounts falling due after more |
| than one year |
(851,825)
(881,825)
4
325,622
Net assets
344,364
100
100
325,522
344,264
325,622
344,364
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Fiorenzo Stocco Director |
| These financial statements were approved and authorised for issue by the Board on 12 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
AREA UNO LTD
Notes to the Financial Statements
Statutory Information
| AREA UNO LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 06152545. |
c/o G Teoli & Co
Balfour House
741 High Road
London
N12 0BP
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
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For the year ended 31 December 2024
AREA UNO LTD
Notes to the Financial Statements Continued
| 2. Trade and other receivables |
2023
2024
74,724
18,950
| 3. Trade and other payables: amounts falling due within one year |
2023
2024
-
14,643
172,431
171,323
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
424,818
1,003,197
| Taxation and social security |
60,346
44,670
800
1,800
658,395
1,235,633
| 4. Trade and other payables: amounts falling due after more than one year |
2023
2024
881,825
851,825
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For the year ended 31 December 2024
AREA UNO LTD
Notes to the Financial Statements Continued
| 5. Related party transactions |
| During the year loans amounting to £ 337,000 were repaid to Alpha uno Ltd. Total loans to 31st December 2023 |
| amounted to £ 1,238,000. |
| Area Uno Ltd owns 52% of the issued share capital of Alpha Uno Ltd. |
| During the year loans amounting to £ 265,000 were repaid to Uplands HW Ltd. Total loans to 31st December 2024 |
| amounted to £ 540,000. |
| Loans to Penta United Ltd amounted to £ 4,000. (2023 - £ 4,000) |
| Loans from Profin S.r.l. amounted to £ 699,622. (2023 - £ 669,622). No interest was paid on this loan. |
| Loans from Mr Fiorenzo Stocco to 31st December 2024 amounted to £ 422,197. (2023 £ 453,197). Interest paid to |
| Mr Stocco |
| during the year amounted to £ 38,926. |
| Loans made to Mr Allen Stocco amounted to £ 73,400. |
| By virtue of family shareholdings and interests in the issued share capital of Profin S.r.l., a company registered in |
| italy, |
| the controlling party is Mr Fiorenzo Stocco. |
| The following loans made to the company had outstanding balances as follows: |
| Mr Fiorenzo Stocco £ 800. (2023 £ 1,800) |
| 6. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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