Rossano Ferretti Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10408442 (England and Wales)

ROSSANO FERRETTI HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 29 September 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

R Ferretti

G A Markwick

D M Kaye

REGISTERED OFFICE:

Suite 1A

Shire Business Park

Wainwright Road

Worcester

Worcestershire

WR4 9FA

REGISTERED NUMBER:

10408442 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Rossano Ferretti Holdings Limited for the year ended 29 September 2019 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rossano Ferretti Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rossano Ferretti Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Rossano Ferretti Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rossano Ferretti Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rossano Ferretti Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rossano Ferretti Holdings Limited. You consider that Rossano Ferretti Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rossano Ferretti Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

18 June 2020

FIXED ASSETS

Investments

4

3,030,475

3,030,475

CURRENT ASSETS

Cash at bank

4,851

44,919

CREDITORS

Amounts falling due within one year

5

2,056,131

2,046,203

NET CURRENT LIABILITIES

(2,051,280

)

(2,001,284

)

TOTAL ASSETS LESS CURRENT LIABILITIES

979,195

1,029,191

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

978,195

1,028,191

SHAREHOLDERS' FUNDS

979,195

1,029,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2019 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 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 Board of Directors and authorised for issue on 18 June 2020 and were signed on its behalf by:

G A Markwick - Director

1.	STATUTORY INFORMATION

Rossano Ferretti Holdings 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Preparation of consolidated financial statements

The financial statements contain information about Rossano Ferretti Holdings Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company is

exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated

financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 September 2018

and 29 September 2019

3,030,475

NET BOOK VALUE

At 29 September 2019

3,030,475

At 29 September 2018

3,030,475

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.19

29.9.18

£

£

Amounts owed to group undertakings

22,835

20,455

Other creditors

-

160,000

Directors' loan accounts

2,032,795

1,864,747

Accruals and deferred income

501

1,001

2,056,131

2,046,203