Company No: 03552234 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	28.04.2022		30.04.2021
		€		€
				Restated
Fixed assets
Investment property	3, 7	144,608		144,608
		144,608		144,608
Creditors
Amounts falling due within one year	4	( 3,808)		( 3,808)
Net current liabilities		(3,808)		(3,808)
Total assets less current liabilities		140,800		140,800
Creditors
Amounts falling due after more than one year	5	( 155,848)		( 155,848)
Net liabilities		( 15,048)		( 15,048)
Capital and reserves
Called-up share capital	6	1,546		1,546
Profit and loss account		( 16,594 )		( 16,594 )
Total shareholders' deficit		( 15,048)		( 15,048)

For the financial period ending 28 April 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of International Investments Limited (registered number: 03552234) were approved and authorised for issue by the Director on 05 December 2023. They were signed on its behalf by:

Mrs A D'Errico Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

International Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, One George Yard, London, EC3 9DF, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in EUR which is the functional currency of the Company and rounded to the nearest €.

Reporting period length

The current accounting period covers a period from 1 May 2021 to 28 April 2022. The previous period covered the year to 30 April 2021.

Prior period error

The prior period was amended to reclassify Є144,608 from land and buildings to investment property.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

	Period from 01.05.2021 to 28.04.2022		Year ended 30.04.2021
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	0		0

3. Investment property

	Investment property
	€
Valuation
As at 01 May 2021	144,608
As at 28 April 2022	144,608

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 28 April 2022 by the director. The director has considered similar transactions in the market to arrive at the fair value.

4. Creditors: amounts falling due within one year

	28.04.2022		30.04.2021
	€		€
Other creditors	3,808		3,808

5. Creditors: amounts falling due after more than one year

	28.04.2022		30.04.2021
	€		€
Amounts owed to related parties	155,848		155,848

6. Called-up share capital

	28.04.2022		30.04.2021
	€		€
Allotted, called-up and fully-paid
1,000 Ordinary Shares shares of £ 1.00 each	1,546		1,546

7. Prior period adjustment

Investment Property

The prior period was amended to reclassify Є144,608 from land and buildings to investment property.