Vitale London Limited 09439612 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is trading of jewellery, precious stones, watches and luxury products. Digita Accounts Production Advanced 6.30.9574.0 true 09439612 2023-03-01 2024-02-29 09439612 2024-02-29 09439612 core:RetainedEarningsAccumulatedLosses 2024-02-29 09439612 core:ShareCapital 2024-02-29 09439612 core:CurrentFinancialInstruments 2024-02-29 09439612 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09439612 core:OtherResidualIntangibleAssets 2024-02-29 09439612 bus:SmallEntities 2023-03-01 2024-02-29 09439612 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09439612 bus:FilletedAccounts 2023-03-01 2024-02-29 09439612 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09439612 bus:RegisteredOffice 2023-03-01 2024-02-29 09439612 bus:Director1 2023-03-01 2024-02-29 09439612 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09439612 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 09439612 core:ShareCapital 2023-03-01 2024-02-29 09439612 core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-01 2024-02-29 09439612 core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 09439612 countries:EnglandWales 2023-03-01 2024-02-29 09439612 2023-02-28 09439612 core:RetainedEarningsAccumulatedLosses 2023-02-28 09439612 core:ShareCapital 2023-02-28 09439612 core:OtherResidualIntangibleAssets 2023-02-28 09439612 2022-03-01 2023-02-28 09439612 2023-02-28 09439612 core:RetainedEarningsAccumulatedLosses 2023-02-28 09439612 core:ShareCapital 2023-02-28 09439612 core:CurrentFinancialInstruments 2023-02-28 09439612 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09439612 core:OtherResidualIntangibleAssets 2023-02-28 09439612 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 09439612 core:ShareCapital 2022-03-01 2023-02-28 09439612 2022-02-28 09439612 core:RetainedEarningsAccumulatedLosses 2022-02-28 09439612 core:ShareCapital 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 09439612

Vitale London Limited
Unaudited Filleted Financial Statements
for the Year Ended 29 February 2024

Vitale London Limited

Contents

Director's Report | 1
Profit and Loss Account | 2
Balance Sheet | 3
Statement of Changes in Equity | 4
Notes to the Financial Statements | 5 to 6

Vitale London Limited

Director's Report for the Year Ended 29 February 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

Mr A Vitale

Principal activity

The principal activity of the company is trading of jewellery, precious stones, watches and luxury products.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 30 September 2025

......................................... Mr A Vitale Director

Vitale London Limited

Profit and Loss Account for the Year Ended 29 February 2024

| Note | 2024 € | 2023 €
Turnover |  | - | -
Gross profit/(loss) |  | - | -
Administrative expenses |  | (3,340) | (6,227)
Operating loss |  | (3,340) | (6,227)
Loss before tax |  | (3,340) | (6,227)
Loss for the financial year |  | (3,340) | (6,227)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Vitale London Limited

(Registration number: 09439612)
Balance Sheet as at 29 February 2024

| Note | 2024 € | 2023 €
Fixed assets |  |  |
Intangible assets | 4 | 205 | 259
Current assets |  |  |
Debtors | 5 | 1,604 | 891
Cash at bank and in hand |  | 840 | 861
|  | 2,444 | 1,752
Creditors: Amounts falling due within one year | 6 | (18,455) | (14,477)
Net current liabilities |  | (16,011) | (12,725)
Net liabilities |  | (15,806) | (12,466)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | (16,806) | (13,466)
Shareholders' deficit |  | (15,806) | (12,466)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 30 September 2025

......................................... Mr A Vitale Director

Vitale London Limited

Statement of Changes in Equity for the Year Ended 29 February 2024

| Share capital € | Retained earnings € | Total €
At 1 March 2023 | 1,000 | (13,466) | (12,466)
Loss for the year | - | (3,340) | (3,340)
At 29 February 2024 | 1,000 | (16,806) | (15,806)

| Share capital € | Retained earnings € | Total €
At 1 March 2022 | 1,000 | (7,239) | (6,239)
Loss for the year | - | (6,227) | (6,227)
At 28 February 2023 | 1,000 | (13,466) | (12,466)

Vitale London Limited

Notes to the Financial Statements for the Year Ended 29 February 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:
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Intangible assets and Amortisation policy

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Intellectual property and Trademarks | 10 years

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Vitale London Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

4 | Intangible assets

| Other intangible assets € | Total €
Cost or valuation
At 1 March 2023 | 546 | 546
At 29 February 2024 | 546 | 546
Amortisation
At 1 March 2023 | 287 | 287
Amortisation charge | 54 | 54
At 29 February 2024 | 341 | 341
Carrying amount
At 29 February 2024 | 205 | 205
At 28 February 2023 | 259 | 259

5 | debtors

Current | 2024 € | 2023 €
Other debtors | 1,604 | 891
| 1,604 | 891

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 € | 2023 €
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 16,441 | 11,834
Accruals and deferred income |  | 2,014 | 2,643
|  | 18,455 | 14,477