REGISTERED NUMBER: 06640307 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Settebello Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

26,504

41,261

26,504

41,261

Current assets

Debtors

6

78,073

210,161

Cash at bank and in hand

65,006

5,343

143,079

215,504

Creditors

Amounts falling due within one year

7

(64,964

)

(118,124

)

Net current assets

78,115

97,380

Total assets less current liabilities

104,619

138,641

Creditors

Amounts falling due after more than one year

8

(23,426

)

(57,138

)

Net assets

81,193

81,503

Capital and reserves

Called up share capital

100

100

Retained earnings

10

81,093

81,403

Shareholders' funds

81,193

81,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 her 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 director and authorised for issue on 19 September 2025 and were signed by:

Ms Tatyana Shapovalova - Director

1.	Statutory information

Settebello 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:

06640307

Registered office:

7 Ladbroke Road Flat A

Notting Hill

London

W11 3PA

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 24 (2023 - 23 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

191,602

Amortisation

At 1 January 2024

and 31 December 2024

191,602

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

149,541

143,587

217,289

83,229

593,646

Depreciation

At 1 January 2024

130,398

143,197

216,001

62,789

552,385

Charge for year

3,828

258

451

10,220

14,757

At 31 December 2024

134,226

143,455

216,452

73,009

567,142

Net book value

At 31 December 2024

15,315

132

837

10,220

26,504

At 31 December 2023

19,143

390

1,288

20,440

41,261

6.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Other debtors

-

16,250

Long term contracts

78,073

193,911

78,073

210,161

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

-

34,754

Trade creditors

12,402

9,313

Corporation tax

3,710

4,356

VAT

48,139

48,013

Accrued expenses

713

21,688

64,964

118,124

8.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans (see note 9)

23,426

57,138

9.

Loans

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans < 1 year

-

34,754

Amounts falling due between one and two years:

Bank loans > 1 year

23,426

57,138

10.

Reserves

Retained

earnings

£

At 1 January 2024

81,403

Deficit for the year

(310

)

At 31 December 2024

81,093