Ciao Bella Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09671227 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2017 TO 31 AUGUST 2018

FOR

CIAO BELLA PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Pollano

Mrs P Pollano

REGISTERED OFFICE:

7 St John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

09671227 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Investment property

3

929,602

461,741

CURRENT ASSETS

Prepayments and accrued income

71

-

Cash at bank

27,045

20,562

27,116

20,562

CREDITORS

Amounts falling due within one year

4

934,233

488,035

NET CURRENT LIABILITIES

(907,117

)

(467,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,485

(5,732

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,385

(5,832

)

SHAREHOLDERS' FUNDS

22,485

(5,732

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 May 2019 and were signed on its behalf by:

F Pollano - Director

1.	STATUTORY INFORMATION

Ciao Bella Property Limited 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

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.

These financial statements for the year ended 31 July 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 06 July 2015.

The transition to FRS 102 Section 1A small entities have resulted in no changes in accounting policies to those

used previously, therefore no separate statements for any adjustments are disclosed.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Taxation

Taxation for the period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

Where current liabilities exceed current assets the directors consider the ability of the group to continue to meet

its liabilities from liquid assets as and when the liabilities fall due. The directors also consider the support given

to the group by its creditors. If the directors are satisfied that the can meet its liabilities as and when the fall due,

and that the group has sufficient support from its creditors, the financial statements are prepared on a going

concern basis.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2017

461,741

Additions

467,861

At 31 August 2018

929,602

NET BOOK VALUE

At 31 August 2018

929,602

At 31 July 2017

461,741

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Amounts owed to participating interests

912,939

472,249

Corporation Tax payable

5,302

1

Other creditors

10,000

10,000

Director's current account

1,673

1,673

Accrued expenses

4,319

4,112

934,233

488,035