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REGISTERED NUMBER: 09424035 (England and Wales)














ABRIDGED AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

TECNOCAP UK LTD

TECNOCAP UK LTD (REGISTERED NUMBER: 09424035)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


TECNOCAP UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: Mr Michelangelo Morlicchio



REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS



REGISTERED NUMBER: 09424035 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Simon Hawkins FCA



AUDITORS: Dains Audit Limited
Statutory Auditor and Chartered Accountants
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ

TECNOCAP UK LTD (REGISTERED NUMBER: 09424035)

ABRIDGED BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 5 1,790 1,791

CURRENT ASSETS
Debtors 519,805 38,619
Cash at bank and in hand 28,912 10,596
548,717 49,215
CREDITORS
Amounts falling due within one year 582,403 18,503
NET CURRENT (LIABILITIES)/ASSETS (33,686 ) 30,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,896

)

32,503

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (32,896 ) 31,503
SHAREHOLDERS' FUNDS (31,896 ) 32,503

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 5 July 2024 and were signed by:





Mr Michelangelo Morlicchio - Director


TECNOCAP UK LTD (REGISTERED NUMBER: 09424035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023


1. STATUTORY INFORMATION

Tecnocap UK 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. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company has net current liabilities of £33,686 at 30 December 2023. The company has obtained a support letter from the parent company stating that the company will be supported in the foreseeable future. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TECNOCAP UK LTD (REGISTERED NUMBER: 09424035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% straight line

Financial instruments
The company only enters basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks, and other third parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

TECNOCAP UK LTD (REGISTERED NUMBER: 09424035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Totals
€   
COST
At 31 December 2022 1,895
Additions 932
At 30 December 2023 2,827
DEPRECIATION
At 31 December 2022 104
Charge for year 933
At 30 December 2023 1,037
NET BOOK VALUE
At 30 December 2023 1,790
At 30 December 2022 1,791

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
€    €   
Within one year - 7,570
Between one and five years - 13,880
- 21,450

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: €    €   
1,000 Ordinary €1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors on the financial statements for the year ended 30 December 2023 was unqualified.

The audit report was signed on 5 July 2024 by Mr Simon Hawkins FCA (Senior Statutory Auditor) for and on behalf of Dains Audit Limited.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Tecnocap S.P.A.

TECNOCAP UK LTD (REGISTERED NUMBER: 09424035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


10. ULTIMATE PARENT COMPANY

The parent company is TGP Tecnocap Group Partecipazioni S.R.L., a company incorporated in Italy, which owns 100% of the issued share capital of Tecnocap UK Ltd.

The ultimate parent company is Tecnocap S.P.A. which owns 100% of the issued share capital of TGP Tecnocap Group Partecipazioni S.R.L.. Tecnocap S.P.A. is a company incorporated in Italy under registration number SA-246560 with the registered office at Via Starza 4/Bis, Cava De' Tirreni, Salerno (SA) 84013 Italy.