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REGISTERED NUMBER: 14759638 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

27 MARCH 2023 TO 31 DECEMBER 2023

FOR

KEBHOUZE LTD

KEBHOUZE LTD (REGISTERED NUMBER: 14759638)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 MARCH 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEBHOUZE LTD

COMPANY INFORMATION
FOR THE PERIOD 27 MARCH 2023 TO 31 DECEMBER 2023







DIRECTOR: Francesco Scipioni





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 14759638 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

KEBHOUZE LTD (REGISTERED NUMBER: 14759638)

BALANCE SHEET
31 DECEMBER 2023

Notes €    €   
FIXED ASSETS
Tangible assets 4 1,531,412

CURRENT ASSETS
Stocks 5 98,459
Debtors 6 984,298
Cash at bank 99,244
1,182,001
CREDITORS
Amounts falling due within one year 7 2,973,745
NET CURRENT LIABILITIES (1,791,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(260,332

)

CAPITAL AND RESERVES
Called up share capital 10,000
Retained earnings (270,332 )
(260,332 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KEBHOUZE LTD (REGISTERED NUMBER: 14759638)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 25 September 2024 and were signed by:





Francesco Scipioni - Director


KEBHOUZE LTD (REGISTERED NUMBER: 14759638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 MARCH 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Kebhouze 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. 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
Turnover 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 write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks 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 period 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.


KEBHOUZE LTD (REGISTERED NUMBER: 14759638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 MARCH 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Going concern
The Company balance sheet shows net current liabilities of Eur 1,781,919 and a net loss of Eur 260,507. The Director continue to adopt a going concern basis in preparing the annual financial statements on the basis that they have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the date of signing these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
€    €    €    €   
COST
Additions 1,371,552 146,308 37,122 1,554,982
At 31 December 2023 1,371,552 146,308 37,122 1,554,982
DEPRECIATION
Charge for period 18,715 3,992 863 23,570
At 31 December 2023 18,715 3,992 863 23,570
NET BOOK VALUE
At 31 December 2023 1,352,837 142,316 36,259 1,531,412

KEBHOUZE LTD (REGISTERED NUMBER: 14759638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 MARCH 2023 TO 31 DECEMBER 2023

5. STOCKS
€   
Stocks 98,459

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
€   
Other debtors 10,000
VAT 269,856
Deferred tax asset 99,834
Prepayments 12,055
Deposit paid 97,530
Rent deposit 495,023
984,298

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
€   
Trade creditors 310,148
Kebhouze S.r.l. 159,283
Kebhouze Holding S.r.l. 2,361,317
Rent provision 120,257
Accrued expenses 22,740
2,973,745

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
€   
Within one year 438,939
Between one and five years 2,194,695
In more than five years 5,706,207
8,339,841

Kebhouze Limited has signed a twenty year lease for the premises it operates.

9. RELATED PARTY DISCLOSURES

Amount owed to group undertakings represents €159,283 due to Kebhouze SRL. The amount bears no interest and it is repayable on demand. €2,361,317 is a loan due to Kebhouze Holding S.r.l., it bears interest at 6%, which is calculated daily.

KEBHOUZE LTD (REGISTERED NUMBER: 14759638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 MARCH 2023 TO 31 DECEMBER 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party is Kebhouze Holding S.r.l.

The ultimate controlling party is Cofiva Holding S.p.A.

Both companies are incorporated in Italy.