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Financial Statements For The Year Ended 31 August 2017 |
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Tongiulio Limited |
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REGISTERED NUMBER:
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Financial Statements For The Year Ended 31 August 2017 |
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for |
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Tongiulio Limited |
Tongiulio Limited (Registered number: SC282181) |
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Contents of the Financial Statements |
For The Year Ended 31 August 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Tongiulio Limited |
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Company Information |
For The Year Ended 31 August 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Tongiulio Limited (Registered number: SC282181) |
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Statement of Financial Position |
31 August 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Tongiulio Limited (Registered number: SC282181) |
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Notes to the Financial Statements |
For The Year Ended 31 August 2017 |
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1. | STATUTORY INFORMATION |
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Tongiulio Limited is a
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number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with |
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 1 September 2015. |
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Tangible fixed assets |
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Property | - |
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Investments in subsidiaries |
Investment in subsidiary undertakings are recognised at cost less impairment as fair value can not be established |
without undue cost or effort. |
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Going concern |
The financial statements have been prepared on the going concern basis. The directors considers that the going |
concern basis is appropriate as although the company has net liabilities, these are principally represented by sums |
due to the directors which they will not seek repayment for until the company is able to do so. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Property |
£ |
COST |
At 1 September 2016 |
and 31 August 2017 |
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DEPRECIATION |
At 1 September 2016 |
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Charge for year |
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At 31 August 2017 |
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NET BOOK VALUE |
At 31 August 2017 |
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At 31 August 2016 |
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Tongiulio Limited (Registered number: SC282181) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 August 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 September 2016 |
and 31 August 2017 |
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PROVISIONS |
Provision for year | 108,001 |
At 31 August 2017 | 108,001 |
NET BOOK VALUE |
At 31 August 2017 |
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At 31 August 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
VAT |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
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Other creditors |
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Directors' current accounts | 226,807 | 221,253 |
Accrued expenses |
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8. | SECURED DEBTS |
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The company's bankers, Clydesdale Bank PLC, hold a floating charge over all assets of the company for amounts |
outstanding. |
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9. | RELATED PARTY DISCLOSURES |
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Piccolo Mondo Limited |
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A company with common directors. |
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Tongiulio Limited receives a management fee of £6,000 (2016 - £6,000) from Piccolo Mondo Limited. |
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2017 | 2016 |
£ | £ |
Amount due to related party at the balance sheet date | 36,927 | 48,332 |
Tongiulio Limited (Registered number: SC282181) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 August 2017 |
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9. | RELATED PARTY DISCLOSURES - continued |
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Directors |
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Directors of the company |
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No interest is charged on amounts advanced to the company. |
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2017 | 2016 |
£ | £ |
Amount due to related party at the balance sheet date | 226,807 | 221,253 |