Caravaggio Hi Tech Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09619119 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

CARAVAGGIO HI TECH LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Ms P A Petrou AICB CB.Cert PM

REGISTERED OFFICE:

c/o Michael Filiou Plc

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

09619119 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

3

350,000

350,000

CREDITORS

Amounts falling due within one year

4

7,075

3,000

NET CURRENT LIABILITIES

(7,075

)

(3,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

342,925

347,000

CAPITAL AND RESERVES

Called up share capital

5

351,000

351,000

Retained earnings

6

(8,075

)

(4,000

)

SHAREHOLDERS' FUNDS

342,925

347,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 September 2018 and were signed by:

Ms P A Petrou AICB CB.Cert PM - Director

1.	STATUTORY INFORMATION

Caravaggio Hi Tech Ltd 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.

The presentation currency of the financial statements is the Euro (€).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have expressed their intention to provide sufficient funds to the company as and when needed to

enable it to continue operating and to meet its liabilities as they fall due. On this basis, the directors consider it

appropriate to prepare accounts on the going concern basis. The accounts do not include any adjustments that

would result should continuing finance cease to be made available.

These financial statements for the year ended 31 December 2016 are the first financial statements of Caravaggio

Hi Tech Ltd that comply with the provisions of Section 1A of FRS 102. The date of transition to FRS 102 is 2

June 2015.

The transition to FRS 102 has not resulted in any changes in accounting policies compared to those used

previously.

Tangible fixed assets

Depreciation is not provided in respect of land and building. The policy represents a departure from statutory

accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that

this policy is necessary in order that the accounts may give a true and fair view because current values and

changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which

might otherwise have been shown cannot be separately identified or quantified.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the statement

of financial position date. Transactions in foreign currencies are translated into Euro at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	TANGIBLE FIXED ASSETS

Land and

Buildings

€

COST

At 1 January 2017

and 31 December 2017

350,000

NET BOOK VALUE

At 31 December 2017

350,000

At 31 December 2016

350,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

€

€

Other creditors

7,075

3,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

€

€

351,000

Ordinary

€1

351,000

351,000

6.

RESERVES

Retained

earnings

€

At 1 January 2017

(4,000

)

Deficit for the year

(4,075

)

At 31 December 2017

(8,075

)

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Astrakan TRX Trust,a United Kingdom based Trust as it hold 100% of the

ordinary shares.