REGISTERED NUMBER: 07488376 (England and Wales)

CASA PADRE VICO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

940,000

940,000

CURRENT ASSETS

Debtors

5

27,807

4,119

Cash at bank

13,039

10,707

40,846

14,826

CREDITORS

Amounts falling due within one year

6

18,494

17,657

NET CURRENT ASSETS/(LIABILITIES)

22,352

(2,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

962,352

937,169

PROVISIONS FOR LIABILITIES

149,688

149,688

NET ASSETS

812,664

787,481

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

527,168

527,168

Retained earnings

285,396

260,213

SHAREHOLDERS' FUNDS

812,664

787,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr A Martorana - Director

1.	STATUTORY INFORMATION

Casa Padre Vico Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07488376

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the directors' opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover represents rent receivable, excluding value added tax.

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.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

940,000

NET BOOK VALUE

At 31 January 2025

940,000

At 31 January 2024

940,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2013

131,857

Valuation in 2015

130,000

Valuation in 2017

325,000

Valuation in 2018

88,324

Valuation in 2021

175,000

Valuation in 2022

(86,349

)

Valuation in 2023

(101,975

)

Valuation in 2024

15,000

Cost

263,143

940,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

263,143

263,143

The investment properties were valued on an open market basis on 31 January 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

27,807

4,119

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

718

718

Taxation and social security

6,845

7,439

Other creditors

10,931

9,500

18,494

17,657

7.

RESERVES

Revaluation

reserve

£

At 1 February 2024

and 31 January 2025

527,168

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mr C L Ciccarello

Balance outstanding at start of year

806

(3,795

)

Amounts advanced

9,000

7,500

Amounts repaid

(3,020

)

(2,899

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,786

806

Mrs C V Del Basso

Balance outstanding at start of year

806

(3,795

)

Amounts advanced

9,000

7,500

Amounts repaid

(3,020

)

(2,899

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,786

806

Mr A Martorana

Balance outstanding at start of year

806

(3,795

)

Amounts advanced

9,000

7,500

Amounts repaid

(3,020

)

(2,899

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,786

806

Mrs A F Molle

Balance outstanding at start of year

806

(3,795

)

Amounts advanced

9,000

7,500

Amounts repaid

(3,020

)

(2,899

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,786

806

9.	RELATED PARTY DISCLOSURES