Stocchetti Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09640190 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

STOCCHETTI HOLDINGS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C T Stocchetti

REGISTERED OFFICE:

77 High Street

Aldershot

Hampshire

GU11 1BY

REGISTERED NUMBER:

09640190 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Chartered Accountants & Tax Advisers

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Investment property

3

247,650

243,302

CURRENT ASSETS

Debtors

4

398

2,340

Cash at bank

2,591

6,154

2,989

8,494

CREDITORS

Amounts falling due within one year

5

73,609

76,202

NET CURRENT LIABILITIES

(70,620

)

(67,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

177,030

175,594

CREDITORS

Amounts falling due after more than one year

6

163,064

167,840

NET ASSETS

13,966

7,754

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

13,866

7,654

SHAREHOLDERS' FUNDS

13,966

7,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 March 2019 and were signed by:

Mr C T Stocchetti - Director

1.	STATUTORY INFORMATION

Stocchetti Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical

accounting estimates. lt also requires management to exercise judgement in applying the company's accounting

policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In preparing the financial statements, the members are required to make estimates and judgements about the carrying

amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on

historical experience and other factors that are considered by the members to be relevant. Revision to accounting

estimates are recognised in the period in which the estimate is revised.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortized cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are

not amortized.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognized at

transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at

the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as

payable within one year are not amortized.

Debt instruments are subsequently carried at amortized cost, using the effective interest rate method.

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 statement of financial position date.

3.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 July 2017

243,302

Additions

4,348

At 30 June 2018

247,650

Net book value

At 30 June 2018

247,650

At 30 June 2017

243,302

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

398

2,340

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts (see note 7)

7,308

7,308

Tax

1,457

1,234

Other creditors

-

750

Directors' current accounts

64,114

64,190

Accrued expenses

730

2,720

73,609

76,202

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans (see note 7)

163,064

167,840

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

133,832

138,608

7.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Bank loans

7,308

7,308

Amounts falling due between one and two years:

Bank loans - 1-2 years

7,308

7,308

Amounts falling due between two and five years:

Bank loans - 2-5 years

21,924

21,924

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

133,832

138,608

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100