Caravaggio Hi Tech Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09619119 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

CARAVAGGIO HI TECH LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Mario Bianco

REGISTERED OFFICE:

Unit 2C

9-15 Elthorne Road

London

N19 4AJ

REGISTERED NUMBER:

09619119 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

350,000

350,000

CREDITORS

Amounts falling due within one year

15,815

11,320

NET CURRENT LIABILITIES

(15,815

)

(11,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

334,185

338,680

CAPITAL AND RESERVES

Called up share capital

6

351,000

351,000

Retained earnings

(16,815

)

(12,320

)

SHAREHOLDERS' FUNDS

334,185

338,680

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 19 December 2020 and were signed by:

Mr Mario Bianco - Director

1.	STATUTORY INFORMATION

Caravaggio Hi Tech 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 Euro (€).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The director has expressed his intention to provide sufficient funds to the company as and when needed to enable it to continue operating and also to meet its liabilities as they fall due.

At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Tangible fixed assets

Depreciation is not provided in respect of land and building. The policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

€

COST

At 1 January 2019

and 31 December 2019

350,000

NET BOOK VALUE

At 31 December 2019

350,000

At 31 December 2018

350,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

€

€

351,000

Ordinary

€1

351,000

351,000

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Astrakan TRX Trust, a United Kingdom based trust, as it holds 100% of the issued ordinary share capital.