Colco Coleman Brothers Finance Co. Limited
Colco Coleman Brothers Finance Co. Limited
Registered number: 05061965
Unaudited Financial Statements
For The Year Ended
31 March 2023
Adbell Advisory Limited
Colco Coleman Brothers Finance Co. Limited
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Colco Coleman Brothers Finance Co. Limited
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
05061965
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (25,009) | (25,009) | |||
Page 1
Page 2
Colco Coleman Brothers Finance Co. Limited
Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Colco Coleman Brothers Finance Co. Limited
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Colco Coleman Brothers Finance Co. Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
05061965
. The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The financial statements are prepared on the basis of the going concern, which assumes that the company will be in
operational existence for the foreseeable future. This depends upon continued support of the shareholders. The
financial statements do not include any adjustments that would result if such support is withdrawn.
2.3.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
2.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5.
Preparation of consolidated financial statements
The financial statements present information about the company as an individual undertaking and not about its
group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken
advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts
2.6.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
4.
Investments
| Subsidiaries | |
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| £ | |
| Cost | |
| As at
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| As at
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| Provision | |
| As at
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| As at
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| Net Book Value | |
| As at
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| As at
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Page 3
Page 4
Colco Coleman Brothers Finance Co. Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Coleman Brothers Fin. Italia S.r.l.
Registered office:
Nature of business: Management Consulting
%
Class of shares: holding
Ordinary shares 99.99
30.11.22 30.11.21
£ £
Aggregate capital and reserves 17,635 18,949
(Loss)/profit for the year 1,268 (866)
5.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due after more than one year | |||
| Amounts owed by subsidiaries |
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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7.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| Allotted, called up and fully paid | £ | £ | |
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2 | 2 | |
8.
Ultimate Controlling Party
The company's ultimate controlling party are Mr David Lisi, Mr Iacopo Lisi, Mr Nicolo Lisi.
Page 4