Registration number:
Societa Agricola Le Prunee Srl Ltd
for the Year Ended 31 December 2018
Societa Agricola Le Prunee Srl Ltd
Contents
Company Information |
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Director's Report |
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Abridged Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Societa Agricola Le Prunee Srl Ltd
Company Information
Director |
Pierangelo Tommasi |
Registered office |
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Page 1 |
Societa Agricola Le Prunee Srl Ltd
Director's Report for the Year Ended 31 December 2018
The director presents his report and the abridged financial statements for the year ended 31 December 2018.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of an investment company. The sole investment is placed in Italy.
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
.........................................
Director
Page 2 |
Societa Agricola Le Prunee Srl Ltd
(Registration number: 03684302)
Abridged Statement of Financial Position as at 31 December 2018
Note |
2018 |
2017 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Legal reserve |
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Other reserves |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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.
All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.
Page 3 |
Societa Agricola Le Prunee Srl Ltd
(Registration number: 03684302)
Abridged Statement of Financial Position as at 31 December 2018
Approved and authorised by the
.........................................
Director
Page 4 |
Societa Agricola Le Prunee Srl Ltd
Statement of Changes in Equity for the Year Ended 31 December 2018
Share capital |
Capital redemption reserve |
Revaluation reserve |
Other reserves |
Profit and loss account |
Total |
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At 1 January 2018 |
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Profit for the year |
- |
- |
- |
- |
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Total comprehensive income |
- |
- |
- |
- |
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At 31 December 2018 |
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Share capital |
Capital redemption reserve |
Revaluation reserve |
Other reserves |
Profit and loss account |
Total |
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At 1 January 2017 |
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Profit for the year |
- |
- |
- |
- |
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Total comprehensive income |
- |
- |
- |
- |
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At 31 December 2017 |
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Page 5 |
Societa Agricola Le Prunee Srl Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 December 2018
General information |
The company is a private company limited by share capital, incorporated in England and wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 abridged 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 abridged 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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Page 6 |
Societa Agricola Le Prunee Srl Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 December 2018
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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 |
Societa Agricola Le Prunee Srl Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 December 2018
Related party transactions |
Summary of transactions with other related parties
Page 8 |