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REGISTERED NUMBER: 06662098 (England and Wales)























AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TUCANO URBANO LTD

TUCANO URBANO LTD (REGISTERED NUMBER: 06662098)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


TUCANO URBANO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr M Biollo



REGISTERED OFFICE: 39 Hendon Lane
Finchley
London
N3 1RY



REGISTERED NUMBER: 06662098 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Guner Mustafa FCA



AUDITORS: Guner Associates
Chartered Accountants
and Statutory Auditor
39 Hendon Lane
Finchley
London
N3 1RY

TUCANO URBANO LTD (REGISTERED NUMBER: 06662098)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 216

CURRENT ASSETS
Stocks 251,697 276,968
Debtors 55,419 61,881
Cash at bank 42,637 153,867
349,753 492,716
CREDITORS
Amounts falling due within one year 202,862 168,534
NET CURRENT ASSETS 146,891 324,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,891

324,398

CREDITORS
Amounts falling due after more than one year 298,169 504,525
NET LIABILITIES (151,278 ) (180,127 )

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 7 (152,278 ) (181,127 )
SHAREHOLDERS' FUNDS (151,278 ) (180,127 )

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 Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2024 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 17 February 2025 and were signed by:





Mr M Biollo - Director


TUCANO URBANO LTD (REGISTERED NUMBER: 06662098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Tucano Urbano 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 Pound Sterling (£).


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.

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration following delivery of goods. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales taxes or duty.

Turnover is derived from the supply of goods and services exclusive of value added tax.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 33% on cost
Motor vehicles - 33% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

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 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 statement of financial position date.


TUCANO URBANO LTD (REGISTERED NUMBER: 06662098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued financial support of Mandelli SRL, the immediate parent undertaking. Mandelli SRL have indicated their willingness to continue to provide such financial support as may be required to enable it to meet it's liabilities for at least 12 months following the date of approval of the financial statements and on this basis the director have prepared the financial statements on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 16,254
DEPRECIATION
At 1 September 2023 16,038
Charge for year 216
At 31 August 2024 16,254
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 216

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

TUCANO URBANO LTD (REGISTERED NUMBER: 06662098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. RESERVES
Retained
earnings
£   

At 1 September 2023 (181,127 )
Profit for the year 28,849
At 31 August 2024 (152,278 )

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

The Report of the Auditors was unqualified.

Mr Guner Mustafa FCA (Senior Statutory Auditor)
for and on behalf of Guner Associates

9. RELATED PARTY DISCLOSURES

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.

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is Mandelli SRL, incorporated in Italy.