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Registered Number: 09331568
England and Wales

 

 

 

CRISTO VELATO LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2024

End date: 31 October 2025
Directors Jawaid Aleem AKHTAR
Angelo Emmanuele AMBROSIO
Pasquale CHIONCHIO
Nabil Aiad Gerges MANKARIOUS
Registered Number 09331568
Registered Office 11 BOND STREET
LONDON ENGLAND
W5 5AP
Accountants Ten Forward Accounting Ltd
Suite 2A, 7th Floor
City Reach
5 Greenwich View Place
London
E14 9NN
Secretary Michael Linden
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 4 160,585    129,250 
160,585    129,250 
Current assets      
Debtors 5 34,024    - 
Cash at bank and in hand 16    16 
34,040    16 
Creditors: amount falling due within one year 6 (265,033)   (167,309)
Net current assets (230,993)   (167,293)
 
Total assets less current liabilities (70,408)   (38,043)
Net assets (70,408)   (38,043)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (70,508)   (38,143)
Shareholders' funds (70,408)   (38,043)
 


For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 October 2026 and were signed on its behalf by:


-------------------------------
Jawaid Aleem AKHTAR
Director
2
General Information
CRISTO VELATO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09331568, registration address 11 BOND STREET, LONDON ENGLAND, W5 5AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings - leasehold 10 to 15 years Straight Line
2.

Average number of employees

Average number of employees during the period was 0 (2024 : 0).
3.

Financial Commitments, Guarantees and Contingencies

The total of future minimum lease payments under non-cancellable operating leases are as following:

  2025
£
  2024
£
Not later than one year 297,500  147,500 
Later than one year and not later than five years 1,025,000  590,000 
Later than five years 602,500  223,750 
1,925,000  961,250 


4.

Tangible fixed assets

Cost or valuation Land and Buildings - leasehold   Total
  £   £
At 01 November 2024 246,338    246,338 
Additions 62,500    62,500 
Disposals -    - 
At 31 October 2025 308,838    308,838 
Depreciation
At 01 November 2024 117,088    117,088 
Charge for year 31,165    31,165 
On disposals -    - 
At 31 October 2025 148,253    148,253 
Net book values
Closing balance as at 31 October 2025 160,585    160,585 
Opening balance as at 01 November 2024 129,250    129,250 


5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Deposits paid 12,500    - 
Other Debtors 21,524    - 
34,024    - 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Scuderia Vesuvio Limited 263,833    166,109 
Accrued Expenses 1,200    1,200 
265,033    167,309 

7.

Related Party Transactions

Summary of transactions with entities with joint control or significant interest at the year end

Scuderia Vesuvio Limited
Scuderia Vesuvio Limited (SVL) is a connected party under common control and Cristo Velato Limited owed £263,833 (2024 - £166,109) to SVL, in respect an unsecured, interest free loan which is repayable on demand.
3