Locadeli_Limited_31_Dec_2019_companies_house_set_of_accounts.html

LOCADELI LIMITED - Company Information

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Company registration number:

07218380

Locadeli Limited

Unaudited Filleted Financial Statements for the year ended

31 December 2019

Locadeli Limited

Statement of Financial Position

31 December 2019

		2019		2018
	Note	£		£
Fixed assets
Investments	5	6		6
Current assets
Debtors	6	250,312		252,832
Cash at bank and in hand		30		20
		250,342		252,852
Creditors: amounts falling due within one year	7	(2,956	)	(2,206	)
Net current assets		247,386		250,646
Total assets less current liabilities		247,392		250,652
Capital and reserves
Called up share capital		100		100
Share premium		249,900		249,900
Profit and loss account		(2,608	)	652
Shareholders funds		247,392		250,652

For the year ending

31 December 2019

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

21 December 2020

, and are signed on behalf of the board by:

Giorgio Locatelli

Director

Company registration number:

07218380

Locadeli Limited

Notes to the Financial Statements

Year ended

31 December 2019

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

C/O, Oasys Ampney House Falcon Close

Quedgeley

Gloucester

Gloucestershire

GL2 4LS

, .

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated

financial statements

contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2018: Nil).

5 Investments

	Shares in group undertakings and participating interests
	£
Cost
At 1 January 2019	6
At 31 December 2019	6
Impairment
At 1 January 2019 and 31 December 2019	-
Carrying amount
At 31 December 2019	6
At 31 December 2018	6

Details of undertakings:

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings:

Giorgio Locatelli Consultancy Limited (Registered office: Ampney House, Falcon Close, Quedgeley, Gloucestershire. GL2 4LS, England)

100% of Ordinary shares held (2019 and 2018)

Principal activity: consultants in the restaurant industry

Giorgio Locatelli Limited (Registered office: Ampney House, Falcon Close, Quedgeley, Gloucestershire. GL2 4LS, England)

100% of Ordinary shares held (2019 and 2018)

Principal activity: management of a restaurant

6 Debtors

	2019		2018
	£		£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	250,312		252,832

7 Creditors: amounts falling due within one year

	2019		2018
	£		£
Other creditors	2,956		2,206

8 Related party transactions

The company has taken advantage of the exemptions in FRS 102 1A from disclosing transactions with other members of the group.

Companies related through common control:

Findcharm Limited: At the balance sheet date, the amount due to Findcharm Limited was £450 (2018 - £450)

9 Controlling party

The ultimate controlling party is G Locatelli, director.