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REGISTERED NUMBER: 00582564 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

RUBELLI LIMITED

RUBELLI LIMITED (REGISTERED NUMBER: 00582564)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RUBELLI LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A G Castagnetti
N Favaretto Rubelli





REGISTERED OFFICE: Units G9A & G9B
Design Centre East
Chelsea Harbour
London
SW10 0XF





REGISTERED NUMBER: 00582564 (England and Wales)





AUDITORS: N7 Accountants Limited
Statutory Auditors
Central House
1 Ballards Lane
London
N31LQ

RUBELLI LIMITED (REGISTERED NUMBER: 00582564)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 44,234 60,564

CURRENT ASSETS
Inventories 157,430 159,759
Debtors 5 212,736 171,971
Cash at bank and in hand 75,905 38,355
446,071 370,085
CREDITORS
Amounts falling due within one year 6 (333,614 ) (128,410 )
NET CURRENT ASSETS 112,457 241,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,691

302,239

PROVISIONS FOR LIABILITIES (2,852 ) (2,852 )
NET ASSETS 153,839 299,387

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 1,000 1,000
Retained earnings 151,839 297,387
153,839 299,387

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





N Favaretto Rubelli - Director


RUBELLI LIMITED (REGISTERED NUMBER: 00582564)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Rubelli Limited 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 Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to wrote off each asset over its estimated useful life.

Land and buildings - 11.4 % straight line
Fixtures and fittings - 15 % straight line
Computer equipment - 30 % straight line

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RUBELLI LIMITED (REGISTERED NUMBER: 00582564)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 25,680 138,989 164,669
DEPRECIATION
At 1 January 2023 19,626 84,479 104,105
Charge for year 1,044 15,286 16,330
At 31 December 2023 20,670 99,765 120,435
NET BOOK VALUE
At 31 December 2023 5,010 39,224 44,234
At 31 December 2022 6,054 54,510 60,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,278 -
Amounts owed by group undertakings 47,342 34,801
Other debtors 161,116 137,170
212,736 171,971

RUBELLI LIMITED (REGISTERED NUMBER: 00582564)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 130,066 24,138
Amounts owed to group undertakings 174,227 69,940
Taxation and social security 7,916 7,380
Other creditors 21,405 26,952
333,614 128,410

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 221,900 221,900
Between one and five years 850,617 887,600
In more than five years - 200,000
1,072,517 1,309,500

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

The Report of the Auditors was unqualified.

Evangelos Charalambous (Senior Statutory Auditor)
for and on behalf of N7 Accountants Limited

9. RELATED PARTY DISCLOSURES

The company is related to Rubelli S.p.A by virtue of Rubelli S.p.A being its immediate parent company.

The company has taken advantage of the exemption under Financial Reporting Standard 102 section 33 related parties not to disclose transactions with other wholly owned group companies on the basis that group accounts are prepared.

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking and controlling party is Rubelli S.p.A., a company incorporated in Italy. The ultimate parent undertaking is Ciprofin srl, a company also incorporated in Italy.

Ciprofin srl is the group which includes Rubelli Limited in its consolidated financial statements. Copies of the consolidated financial statements in which the company is included are available from its registered office at: San Marco 2757, 30124 Venezia, Italy.