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 2020

FOR

GIUDICA LIMITED
GIUDICA LIMITED (REGISTERED NUMBER: 08730689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIUDICA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2020







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 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 877,193 877,193
Investment property 6 400,000 400,000
1,277,193 1,277,193

CURRENT ASSETS
Debtors 7 431,197 794,854
Cash at bank 7,215 57,446
438,412 852,300
CREDITORS
Amounts falling due within one year 8 1,182,705 1,598,381
NET CURRENT LIABILITIES (744,293 ) (746,081 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
532,900
531,112

PROVISIONS FOR LIABILITIES 10,998 10,998
NET ASSETS 521,902 520,114

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 46,887 46,887
Retained earnings 475,014 473,226
SHAREHOLDERS' FUNDS 521,902 520,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 2020


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 30 July 2021 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 2020

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 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2019
and 31 October 2020 648
DEPRECIATION
At 1 November 2019
and 31 October 2020 648
NET BOOK VALUE
At 31 October 2020 -
At 31 October 2019 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2019
and 31 October 2020 877,193
NET BOOK VALUE
At 31 October 2020 877,193
At 31 October 2019 877,193

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2019
and 31 October 2020 400,000
NET BOOK VALUE
At 31 October 2020 400,000
At 31 October 2019 400,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed by group undertaking 411,197 761,197
Other debtors 20,000 33,657
431,197 794,854

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Director's current account 1,178,961 1,595,781
Accrued expenses 3,744 2,600
1,182,705 1,598,381

9. RESERVES
Fair
value
reserve
£   
At 1 November 2019
and 31 October 2020 46,887

10. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £411,197 (2019: £761,197) to Giudica Limited. The companies are related party by virtue of common directors.There are no term is to interest or repayment of this loan.

At the balance sheet date the company owed £1,178,961 (2019 - £1,595,781) 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