Prato Milano Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10833484

Prato Milano Limited

Filleted Unaudited Financial Statements

31 March 2026

Prato Milano Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Prato Milano Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		895	1,916

Current assets

Debtors	6	3,735	–
Cash at bank and in hand		4,941	13,636
		-------	--------
		8,676	13,636

Creditors: amounts falling due within one year	7	8,933		7,049
		-------		--------
Net current (liabilities)/assets			( 257)	6,587
			----	-------
Total assets less current liabilities			638	8,503
			----	-------
Net assets			638	8,503
			----	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	637	8,502
	----	-------
Shareholder funds	638	8,503
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Prato Milano Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 13 August 2026 , and are signed on behalf of the board by:

G Polidori
Director

Company registration number: 10833484

Prato Milano Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis due and as a result rely on the continued support of the director.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	5 Years Straight Line Policy

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2025 and 31 March 2026	5,104
	-------
Depreciation
At 1 April 2025	3,188
Charge for the year	1,021
	-------
At 31 March 2026	4,209
	-------
Carrying amount
At 31 March 2026	895
	-------
At 31 March 2025	1,916
	-------

6. Debtors

	2026	2025
	£	£
Other debtors	3,735	–
	-------	----

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	7,543	5,589
Other creditors	1,390	1,460
	-------	-------
	8,933	7,049
	-------	-------

8. Director's advances, credits and guarantees

At the year end the director owed the company £3,735 (2025: The company owed the director £135). Advances of £44,430 were made (2025: £36,615) with repayments of £40,560 (2025: £24,060). No interest was charged on the overdrawn balance.