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Registered number: 12711363














NAPOLI GANG UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2024

 
NAPOLI GANG UK LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 6


 
NAPOLI GANG UK LIMITED
REGISTERED NUMBER:12711363

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
502
1,016

Current assets
  

Debtors
 5 
67,204
206,715

Bank and cash balances
  
131,550
193

Current liabilities
  
198,754
206,908

Creditors: amounts falling due within one year
 6 
(3,950,535)
(3,870,510)

Net current liabilities
  
 
 
(3,751,781)
 
 
(3,663,602)

  

Net liabilities
  
(3,751,279)
(3,662,586)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(3,751,280)
(3,662,587)

  
(3,751,279)
(3,662,586)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2025.




T Seydoux
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
NAPOLI GANG UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Napoli Gang UK Limited is a private limited liability company registered in England and Wales. Its registered office is at First Floor, 85 Great Portland Street, London, W1W 7LT and business office is at Huckletree Soho, Basement - Second floor, Ingestre Court, Ingestre Place, London W1F 0JL.
The principle activity of the company was running take away food restaurants.
The company stopped trading on 30 September 2022. The directors are considering options to reopen the trade post year end.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements of the company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the group it is a member of. The group's ultimate parent undertaking, Big Mamma S.A.S., has confirmed that funds will continue to be made available by the group to the company as required so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.

 
2.3

Foreign currency translation

The Company's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.4

Turnover

Revenue is recognised by the company in respect of take-away food supplied during the period, net of trade discounts and exclusive of value added tax. The company recognises revenue when the food is delivered to the customer.

Page 2

 
NAPOLI GANG UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

 
2.8

Pensions

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

The company's exceptional items are property rental and other pre-opening costs incurred up until the date of opening a new restaurant.

Page 3

 
NAPOLI GANG UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 years straight line
Fixtures and fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Basic financial instruments

The company enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised intially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised intially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less impairment losses in that case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
NAPOLI GANG UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 January 2024
2,572



At 31 December 2024

2,572



Depreciation


At 1 January 2024
1,556


Charge for the Year on owned assets
514



At 31 December 2024

2,070



Net book value



At 31 December 2024
502



At 31 December 2023
1,016


5.


Debtors

2024
2023
£
£



Other debtors
67,204
197,859

Prepayments and accrued income
-
8,856

67,204
206,715


Page 5

 
NAPOLI GANG UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
85,953
72,232

Amounts owed to group undertakings
3,762,777
3,758,113

Other taxation and social security
4,791
-

Accruals and deferred income
97,014
40,165

3,950,535
3,870,510


Amounts owed to group undertakings due within one year are unsecured. Interest was charged at 8.95% per annum.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



8.


Pension commitments

The company contributed to a defined contribution 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 NIL (2023- (£307)). At the Statement of Financial Position date the company owed £nil (2023- £nil) to the pension fund.


9.


Controlling party

The company's immediate and ultimate parent undertaking is Big Mamma S.A.S, a company registered in France with registered office address 35 Rue du Sentier, 75002, Paris, France.
The company's ultimate parent undertaking is Metropolitan Properties International s.r.o., a company registered in Czechia with registered office address Ke Kaplance 60, zip code160, Prague, Czech Republic.


10.


Auditors' information

The auditors' report on the financial statements for the Year ended 31 December 2024 was unqualified.

The audit report was signed on 10 April 2025 by Martyn Atkinson (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 6