Machiavelli Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05966601 (England and Wales)

Financial Statements for the Year Ended 30 June 2022

for

Machiavelli Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms V J Brennan

A P Birnie

REGISTERED OFFICE:

Dane John Works

Gordon Road

Canterbury

Kent

CT1 3PP

REGISTERED NUMBER:

05966601 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

4

746

950

Investment property

5

2,463,621

2,355,000

2,464,367

2,355,950

CURRENT ASSETS

Debtors

6

1,320

1,434

Cash at bank

47,514

16,674

48,834

18,108

CREDITORS

Amounts falling due within one year

7

47,569

15,417

NET CURRENT ASSETS

1,265

2,691

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,465,632

2,358,641

PROVISIONS FOR LIABILITIES

150,974

133,000

NET ASSETS

2,314,658

2,225,641

CAPITAL AND RESERVES

Called up share capital

100

Non-distributable reserves

8

840,211

763,585

Retained earnings

1,474,347

1,461,956

2,314,658

2,225,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2022 and were signed on its behalf by:

Ms V J Brennan - Director

1.	STATUTORY INFORMATION

Machiavelli Investments 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

and 30 June 2022

1,358

DEPRECIATION

At 1 July 2021

408

Charge for year

204

At 30 June 2022

612

NET BOOK VALUE

At 30 June 2022

746

At 30 June 2021

950

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2021

2,355,000

Additions

14,021

Revaluations

94,600

At 30 June 2022

2,463,621

NET BOOK VALUE

At 30 June 2022

2,463,621

At 30 June 2021

2,355,000

Fair value at 30 June 2022 is represented by:

£

Valuation in 2014

191,555

Valuation in 2021

700,000

Valuation in 2022

108,621

Cost

1,463,445

2,463,621

If Investment property had not been revalued it would have been included at the following historical cost:

2022

2021

£

Cost

1,463,445

Investment property was valued on an open market basis on 17 June 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Accrued rents

1,320

1,434

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Tax

10,927

13,070

Social security and other taxes

1,262

1,205

Directors' current accounts

34,000

-

Deferred income

-

2

Accrued expenses

1,380

1,140

47,569

15,417

8.

RESERVES

Non-distributable

reserves

£

At 1 July 2021

763,585

Fair value transfer

76,626

At 30 June 2022

840,211

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2022 and 30 June 2021:

2022

2021

£

Ms V J Brennan

Balance outstanding at start of year

-

Amounts repaid

(17,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(17,000

)

-

A P Birnie

Balance outstanding at start of year

-

Amounts repaid

(17,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(17,000

)

-

Machiavelli Investments Limited - Accounts to registrar (filleted) - small 18.2

Machiavelli Investments Limited - Accounts to registrar (filleted) - small 18.2