Company registration number:
09651767
GHIBLI LIMITED
Unaudited filleted financial statements
31 January 2019
GHIBLI LIMITED
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
GHIBLI LIMITED
Statement of financial position
31 January 2019
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31/01/19
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31/12/17
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Note
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€
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€
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€
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€
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Current assets
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Debtors
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4
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834,940
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840,647
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Cash in hand
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1
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1
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________
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________
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834,941
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840,648
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Creditors: amounts falling due
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within one year
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5
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(
2,019)
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(
7,100)
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________
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________
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Net current assets
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832,922
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833,548
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________
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________
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Total assets less current liabilities
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832,922
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833,548
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________
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________
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Net assets
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832,922
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833,548
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________
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________
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Capital and reserves
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Called up share capital
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6
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1
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1
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Profit and loss account
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832,921
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833,547
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________
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________
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Shareholders funds
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832,922
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833,548
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________
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________
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For the period ending 31 January 2019 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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2019
, and are signed on behalf of the board by:
Pietro Marini
Director
Company registration number:
09651767
GHIBLI LIMITED
Statement of changes in equity
Period ended 31 January 2019
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Called up share capital
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Profit and loss account
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Total
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€
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€
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€
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At 1 January 2017
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1
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107,173
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107,174
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(Loss)/profit for the period, being
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total comprehensive income for the period
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-
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778,794
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778,794
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Dividends paid, being
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total distributions to owners
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-
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(
52,420)
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(
52,420)
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_______
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________
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________
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At 31 December 2017 and 1 January 2018
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1
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833,547
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833,548
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(Loss)/profit for the period, being
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total comprehensive income for the period
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-
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(
626)
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(
626)
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_______
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________
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________
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At 31 January 2019
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1
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832,921
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832,922
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_______
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________
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________
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GHIBLI LIMITED
Notes to the financial statements
Period ended 31 January 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, Unicorn House, Station Close, Potters Bar, Hertfordshire, EN6 1TL.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are presented in euros which is the functional currency of the company and rounded to the nearest €.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
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31/01/19
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31/12/17
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€
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€
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Amounts owed by parent undertaking
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35,645
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-
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Other debtors
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799,295
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840,647
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________
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_______
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834,940
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840,647
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________
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_______
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5.
Creditors: amounts falling due within one year
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31/01/19
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31/12/17
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€
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€
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Other creditors
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2,019
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7,100
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_______
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_______
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6.
Called up share capital
Issued, called up and fully paid
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31/01/19
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31/12/17
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No
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€
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No
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€
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Ordinary
shares of €
1.40 each
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1
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1
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1
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1
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_______
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_______
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_______
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_______
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The share capital of the company is issued in sterling - 1 Ordinary share of £1. The called up share capital is stated on the statement of financial position in euros at the exchange rate prevailing on the date of issue.
7.
Related party transactions
During the period the company's parent undertaking, Sestante Holding Srl, paid expenses amounting to €4,355 on its behalf. The amount owed by the parent undertaking at the reporting date was €35,645.
8.
Controlling party
During the period the company's issued Ordinary share was held by Mr Agron Shehaj until 8 January 2019 when it was transferred to
Sestante Holding Srl
, a company registered in Italy.