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REGISTERED NUMBER: 13305154 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Visionnaire Home Philosophy Uk Ltd

Visionnaire Home Philosophy Uk Ltd (Registered number: 13305154)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Visionnaire Home Philosophy Uk Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L Cavalli
N Pozzi
P Mina'





REGISTERED OFFICE: 5th Floor
10 Brook Street
Mayfair
London
W1S 1BG





REGISTERED NUMBER: 13305154 (England and Wales)





AUDITORS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Kent
TN11 9BH

Visionnaire Home Philosophy Uk Ltd (Registered number: 13305154)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 392,444 46,166

CURRENT ASSETS
Stocks 927,341 543,644
Debtors 5 1,245,050 47,415
Cash at bank 38,293 250,823
2,210,684 841,882
CREDITORS
Amounts falling due within one year 6 2,511,347 176,029
NET CURRENT (LIABILITIES)/ASSETS (300,663 ) 665,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,781

712,019

CREDITORS
Amounts falling due after more than one
year

7

1,077,934

1,461,485
NET LIABILITIES (986,153 ) (749,466 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (987,153 ) (750,466 )
(986,153 ) (749,466 )

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 15 April 2025 and were signed on its behalf by:





L Cavalli - Director


Visionnaire Home Philosophy Uk Ltd (Registered number: 13305154)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Visionnaire Home Philosophy Uk 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.

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

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Visionnaire Home Philosophy Uk Ltd (Registered number: 13305154)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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
At the time of approving the financial statement, the directors have a reasonable expectation that the company has adequate resources to continued in operational existence for the foreseeable future being at least twelve months. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Depreciation
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that
asset as follows:

Long leasehold property - On straight line basis over the lease term
Office Equipment - 20% straight line

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 161,478
Additions 380,543
At 31 December 2024 542,021
DEPRECIATION
At 1 January 2024 115,312
Charge for year 34,265
At 31 December 2024 149,577
NET BOOK VALUE
At 31 December 2024 392,444
At 31 December 2023 46,166

Visionnaire Home Philosophy Uk Ltd (Registered number: 13305154)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 131,718
Additions 368,146
At 31 December 2024 499,864
DEPRECIATION
At 1 January 2024 102,940
Charge for year 28,778
At 31 December 2024 131,718
NET BOOK VALUE
At 31 December 2024 368,146
At 31 December 2023 28,778

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 319,146 6,774
Prepayments 163,400 40,641
482,546 47,415

Amounts falling due after more than one year:
Other debtors 762,504 -

Aggregate amounts 1,245,050 47,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,727,303 65,485
Clients deposit 114,177 37,104
Social security and other taxes 3,880 6,221
VAT 54,449 13,748
Other creditors 599,027 281
Accruals and deferred income 12,511 53,190
2,511,347 176,029

Visionnaire Home Philosophy Uk Ltd (Registered number: 13305154)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,077,934 1,461,485

8. LEASING AGREEMENTS
The Company entered a 10 year operating lease for showroom space at an annual cost of a £1,000,000 at August 2024

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

The Report of the Auditors was unqualified.

Paul Matthews (Senior Statutory Auditor)
for and on behalf of Hilden Park Accountants Limited

10. RELATED PARTY DISCLOSURES

At 31st December 2024, an intercompany loan balance of £1,077,934 is owed by the company to IPE S.r.l.

11. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is IPE S.r.l, a company incorporated in Italy.