Giudica Limited - Accounts to registrar (filleted) - small 18.2

Giudica Limited - Accounts to registrar (filleted) - small 18.2

GIUDICA LIMITED - Company Information

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REGISTERED NUMBER: 08730689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

GIUDICA LIMITED
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIUDICA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







DIRECTOR: Mr L Naldini





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 08730689 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY
Page 1
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)

BALANCE SHEET
31 OCTOBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 130
Investments 5 877,193 -
Investment property 6 400,000 400,000
1,277,193 400,130

CURRENT ASSETS
Debtors 7 794,854 1,096,232
Cash at bank 57,446 729,736
852,300 1,825,968
CREDITORS
Amounts falling due within one year 8 1,598,381 1,696,407
NET CURRENT (LIABILITIES)/ASSETS (746,081 ) 129,561
TOTAL ASSETS LESS CURRENT
LIABILITIES
531,112
529,691

PROVISIONS FOR LIABILITIES 10,998 11,577
NET ASSETS 520,114 518,114

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 46,887 46,308
Retained earnings 473,226 471,805
SHAREHOLDERS' FUNDS 520,114 518,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 notes form part of these financial statements

Page 2 continued...
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)

BALANCE SHEET - continued
31 OCTOBER 2019


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2020 and were signed by:





Mr L Naldini - Director


The notes form part of these financial statements

Page 3
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019

1. STATUTORY INFORMATION

Giudica 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.

Going Concern

The financial statements have been prepared on a going concern basis, notwithstanding net liabilities at the
balance sheet totalling £746,081. he directors consider this basis to be appropriate for the following reasons:

The directors will continue to support the company financially for the foreseeable future and that they will not
seek repayment of the amount currently owing to them in the twelve months from the date of signing the financial
statements.

Turnover
Turnover represents gross rent receivable in the normal course of the company's business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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 year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Page 4 continued...
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2018
and 31 October 2019 648
DEPRECIATION
At 1 November 2018 518
Charge for year 130
At 31 October 2019 648
NET BOOK VALUE
At 31 October 2019 -
At 31 October 2018 130

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 877,193
At 31 October 2019 877,193
NET BOOK VALUE
At 31 October 2019 877,193

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2018
and 31 October 2019 400,000
NET BOOK VALUE
At 31 October 2019 400,000
At 31 October 2018 400,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Amounts owed by group undertaking 761,197 1,039,590
Other debtors 33,657 56,642
794,854 1,096,232

Page 5 continued...
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Director's current account 1,595,781 1,694,157
Accrued expenses 2,600 2,250
1,598,381 1,696,407

9. RESERVES
Fair
value
reserve
£   
At 1 November 2018 46,308
Trfd to Fair value reserve 579

At 31 October 2019 46,887

10. RELATED PARTY DISCLOSURES

During the year the company granted interest free loan to Giudica Spain s.l, a company registered in Spain,
amounting to £698,800. As at 31 October 2019 Giudica Spain s.l owed £761,197 (2018: £1,039,590) to Giudica
Limited. The companies are related party by virtue of common directors.There is no fixed term of repayment of
this loan.

At the balance sheet date the company owed £1,595,781 (2018 - £1,694,157) to Mr L Naldini, the director of
the company.

11. ULTIMATE CONTROLLING PARTY

Mr L Naldini is the ultimate controlling party by virtue of his shareholding in the company.

Page 6