IMMOBILIARE LAZIALE LIMITED - Period Ending 2016-12-31

Registration number: 03564440

IMMOBILIARE LAZIALE LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

IMMOBILIARE LAZIALE LIMITED

Contents

Company Information	1
Directors' Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Financial Statements	7 to 8

IMMOBILIARE LAZIALE LIMITED

Company Information

Directors

Woodford Directors Limited Mrs Rosa Conti

Company secretary

Woodford Services Limited

Registered office

5/6 The Shrubberies George Lane South Woodford London E18 1BG

Page 1

IMMOBILIARE LAZIALE LIMITED

Directors' Report for the Year Ended 31 December 2016

The directors present their report and the financial statements for the year ended 31 December 2016.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Mrs Rosa Conti

Principal activity

The principal activity of the company is that of an investment property holder.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 28 September 2017 and signed on its behalf by:

.........................................
Mrs Rosa Conti
Director

Page 2

IMMOBILIARE LAZIALE LIMITED

Profit and Loss Account for the Year Ended 31 December 2016

	Note	Total 31 December 2016 £	Total 31 December 2015 £
Turnover		-	-
Administrative expenses		(650)	(650)
Operating loss		(650)	(650)
Loss before tax		(650)	(650)
Loss for the financial year		(650)	(650)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 3

IMMOBILIARE LAZIALE LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2016

	Note	2016 £	2015 £
Loss for the year		(650)	(650)
Total comprehensive income for the year		(650)	(650)

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 4

IMMOBILIARE LAZIALE LIMITED

(Registration number: 03564440)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Investment property	3	461,667	461,667
Creditors: Amounts falling due within one year	4	(42,357)	(41,707)
Net assets		419,310	419,960
Capital and reserves
Called up share capital		462,001	462,001
Profit and loss account		(42,691)	(42,041)
Total equity		419,310	419,960

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 September 2017 and signed on its behalf by:
 

.........................................

Mrs Rosa Conti

Director

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 5

IMMOBILIARE LAZIALE LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2016

	Share capital £	Profit and loss account £	Total £
At 1 January 2016	462,001	(42,041)	419,960
Loss for the year	-	(650)	(650)
Total comprehensive income	-	(650)	(650)
At 31 December 2016	462,001	(42,691)	419,310

	Share capital £	Profit and loss account £	Total £
At 1 January 2015	462,001	(41,391)	420,610
Loss for the year	-	(650)	(650)
Total comprehensive income	-	(650)	(650)
At 31 December 2015	462,001	(42,041)	419,960

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 6

IMMOBILIARE LAZIALE LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
5/6 The Shrubberies
George Lane
South Woodford
London
E18 1BG

These financial statements were authorised for issue by the Board on 28 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 7

IMMOBILIARE LAZIALE LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2016

3	Investment properties

	2016 £
At 1 January	461,667

There has been no valuation of investment property by an independent valuer.

4

Creditors

	Note	2016 £	2015 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5	41,707	41,057
Other creditors		650	650
		42,357	41,707

5	Related party transactions

Loans from related parties

2016	Other related parties £
At start of period	41,057
Advanced	650
At end of period	41,707

2015	Other related parties £
At start of period	36,657
Advanced	4,400
At end of period	41,057

Terms of loans from related parties

Shareholder financing

Page 8

IMMOBILIARE LAZIALE LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2016

	2016 £	2015 £
Turnover (analysed below)	-	-
Administrative expenses
General administrative expenses (analysed below)	(650)	(650)
Operating loss	(650)	(650)
Loss before tax	(650)	(650)

This page does not form part of the statutory financial statements.

Page 9

IMMOBILIARE LAZIALE LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2016

2016 £

2015 £

General administrative expenses
Accountancy fees	(650)	(650)

This page does not form part of the statutory financial statements.

Page 10