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REGISTERED NUMBER: 09956226 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

3V SIGMA UK LIMITED

3V SIGMA UK LIMITED (REGISTERED NUMBER: 09956226)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


3V SIGMA UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







Director: Ms V M L Seminara





Secretary: Vistra Company Secretaries Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 09956226 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

3V SIGMA UK LIMITED (REGISTERED NUMBER: 09956226)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 4 59,801 18,873
Cash at bank 2,355 11,847
62,156 30,720
CREDITORS
Amounts falling due within one year 5 (78,015 ) (79,530 )
NET CURRENT LIABILITIES (15,859 ) (48,810 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,859 ) (48,810 )

CAPITAL AND RESERVES
Called up share capital 6 30,259 1
Retained earnings (46,118 ) (48,811 )
SHAREHOLDERS' FUNDS (15,859 ) (48,810 )

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 26 March 2025 and were signed by:





Ms V M L Seminara - Director


3V SIGMA UK LIMITED (REGISTERED NUMBER: 09956226)

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

1. STATUTORY INFORMATION

3V Sigma UK 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 company’s functional and presentation currency is the Pounds Sterling (£) and the financial statements have been rounded to the nearest pound (£).

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 relates to management fees charged to the parent company.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,200 (2023 - £1,894).

Contributions totalling £10,066 (2023: £867) were payable to the fund at the balance sheet date and are included in creditors.

3V SIGMA UK LIMITED (REGISTERED NUMBER: 09956226)

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

2. ACCOUNTING POLICIES - continued

Going concern
The company has net liabilities of £15,859 (2023: £48,810) and has made a profit of £2,693 (2023: a loss of £1,120). The company is dependent on its parent, 3V Sigma S.p.A, to provide the necessary funding in order for the company to meet its obligations as they fall due. The director has received assurances from 3V Sigma S.p.A that sufficient funding will be made available for the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 3,180
Amounts owed by group undertakings 14,306 -
Other debtors 45,495 15,693
59,801 18,873

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 6,631 8,516
Amounts owed to group undertakings - 40,722
Taxation and social security - 3,364
Other creditors 71,384 26,928
78,015 79,530

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
30,259 Ordinary £1 30,259 1

30,258 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

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

The Report of the auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of 3V Sigma S.p.A, a company incorporated in Italy.

The ultimate controlling party is 3V Partecipazioni Industriali S.p.A, a company incorporated in Italy.