Renzo Molinari Limited - Accounts to registrar (filleted) - small 23.1.2

Renzo Molinari Limited - Accounts to registrar (filleted) - small 23.1.2

RENZO MOLINARI LIMITED - Company Information

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REGISTERED NUMBER: 05055981 (England and Wales)











Unaudited Financial Statements for the Year Ended 28 February 2023

for

Renzo Molinari Limited
Renzo Molinari Limited (Registered number: 05055981)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Renzo Molinari Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr Renzo Molinari





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 05055981 (England and Wales)
Page 1
Renzo Molinari Limited (Registered number: 05055981)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 443 591

CURRENT ASSETS
Debtors 5 10,500 10,500
Cash at bank 148,454 100,316
158,954 110,816
CREDITORS
Amounts falling due within one year 6 58,712 59,580
NET CURRENT ASSETS 100,242 51,236
TOTAL ASSETS LESS CURRENT
LIABILITIES
100,685
51,827

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 7 100,675 51,817
SHAREHOLDERS' FUNDS 100,685 51,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 23 October 2023 and were signed by:



Mr Renzo Molinari - Director


The notes form part of these financial statements

Page 2
Renzo Molinari Limited (Registered number: 05055981)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Renzo Molinari 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.

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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Page 3 continued...
Renzo Molinari Limited (Registered number: 05055981)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 1,923
DEPRECIATION
At 1 March 2022 1,332
Charge for year 148
At 28 February 2023 1,480
NET BOOK VALUE
At 28 February 2023 443
At 28 February 2022 591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 10,500 10,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 23,228 30,330
Other creditors 35,484 29,250
58,712 59,580

7. RESERVES
Retained
earnings
£   

At 1 March 2022 51,817
Profit for the year 98,858
Dividends (50,000 )
At 28 February 2023 100,675

8. RELATED PARTY DISCLOSURES

On 28 February 2022 the company owed £19,793 to Molinari Academy of Osteopathic Medicine Ltd a company also under the control of Mr Renzo Molinari.

Page 4