Machiavelli Investments Limited - Accounts to registrar (filleted) - small 23.1.2
Machiavelli Investments Limited - Accounts to registrar (filleted) - small 23.1.2
REGISTERED NUMBER: |
Financial Statements for the Period 1 July 2022 to 5 April 2023 |
for |
Machiavelli Investments Limited |
Machiavelli Investments Limited (Registered number: 05966601) |
Contents of the Financial Statements |
for the Period 1 July 2022 to 5 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Machiavelli Investments Limited |
Company Information |
for the Period 1 July 2022 to 5 April 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
19 Victoria Terrace |
Hove |
East Sussex |
BN3 2WB |
Machiavelli Investments Limited (Registered number: 05966601) |
Balance Sheet |
5 April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non-distributable reserves | 8 |
Retained earnings | 1,333,718 | 1,474,347 |
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. |
Machiavelli Investments Limited (Registered number: 05966601) |
Balance Sheet - continued |
5 April 2023 |
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 |
Machiavelli Investments Limited (Registered number: 05966601) |
Notes to the Financial Statements |
for the Period 1 July 2022 to 5 April 2023 |
1. | STATUTORY INFORMATION |
Machiavelli Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 period 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 period 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 period was |
Machiavelli Investments Limited (Registered number: 05966601) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 5 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2022 |
and 5 April 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for period |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 30 June 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2022 |
Additions |
Impairments | (175,621 | ) |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 30 June 2022 |
Fair value at 5 April 2023 is represented by: |
£ |
Valuation in 2014 | 191,555 |
Valuation in 2021 | 700,000 |
Valuation in 2022 | 108,621 |
Valuation in 2023 | (173,621 | ) |
Cost | 1,463,445 |
2,290,000 |
If Investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 1,463,445 | 1,463,445 |
Investment property was valued on an open market basis on 17 June 2022 by the directors . |
Machiavelli Investments Limited (Registered number: 05966601) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 5 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accrued rents |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
Social security and other taxes |
Directors' current accounts | - | 34,000 |
Accrued expenses |
8. | RESERVES |
Non-distributable |
reserves |
£ |
At 1 July 2022 |
and 5 April 2023 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 5 April 2023 and the year ended 30 June 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of period | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
Balance outstanding at start of period | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |