Registration number: 10793167

Fatica Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Fatica Ltd

Company Information

Directors

MT Fatica D Fatica

Registered office

104 Estcourt Road Gloucester Gloucestershire GL1 3LH

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Fatica Ltd

(Registration number: 10793167)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	1,028,299	1,028,299
Current assets
Debtors	5	1,498	1,694
Cash at bank and in hand		18,525	15,598
		20,023	17,292
Creditors: Amounts falling due within one year	6	(268,449)	(281,740)
Net current liabilities		(248,426)	(264,448)
Total assets less current liabilities		779,873	763,851
Creditors: Amounts falling due after more than one year	6	(800,763)	(803,317)
Provisions for liabilities		(12,487)	(12,487)
Net liabilities		(33,377)	(51,953)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(33,477)	(52,053)
Shareholders' deficit		(33,377)	(51,953)

Fatica Ltd

(Registration number: 10793167)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:
 

......................................... MT Fatica Director

Fatica Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
104 Estcourt Road
Gloucester
Gloucestershire
GL1 3LH
 

These financial statements were authorised for issue by the Board on 12 September 2025.

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.

Going concern

Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient support from its creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.

Tax

The tax expense for the period comprises 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.
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.

Investment property

Investment property is shown at the most recent valuation, which the directors deem to be its fair value. Any agregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Fatica Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Investment properties

	2024 £
At 1 January	1,028,299
At 31 December	1,028,299

5

Debtors

Current	2024 £	2023 £
Prepayments	1,198	1,394
Other debtors	300	300
	1,498	1,694

Fatica Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	5,438	5,478
Accruals and deferred income		1,800	1,680
Other creditors		261,211	274,582
		268,449	281,740

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	800,763	803,317

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	760,763	763,317
Other borrowings	40,000	40,000
	800,763	803,317

Fatica Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,438	5,438
Bank overdrafts	-	40
	5,438	5,478

9	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
RP Fatica
Director's loan account	(57,929)	16,334	(41,595)
MT Fatica
Director's loan account	(92,450)	1,000	(91,450)

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
RP Fatica
Director's loan account	(67,240)	9,311	-	(57,929)
MT Fatica
Director's loan account	(87,450)	-	(5,000)	(92,450)