1 1 Rossini U.K. Limited 02524197 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a sales agent. Digita Accounts Production Advanced 6.30.9574.0 true false 02524197 2024-01-01 2024-12-31 02524197 2024-12-31 02524197 bus:OrdinaryShareClass1 2024-12-31 02524197 core:CurrentFinancialInstruments 2024-12-31 02524197 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02524197 core:OfficeEquipment 2024-12-31 02524197 core:PlantMachinery 2024-12-31 02524197 bus:SmallEntities 2024-01-01 2024-12-31 02524197 bus:Audited 2024-01-01 2024-12-31 02524197 bus:FilletedAccounts 2024-01-01 2024-12-31 02524197 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02524197 bus:RegisteredOffice 2024-01-01 2024-12-31 02524197 bus:Director1 2024-01-01 2024-12-31 02524197 bus:Director2 2024-01-01 2024-12-31 02524197 bus:Director3 2024-01-01 2024-12-31 02524197 bus:Director4 2024-01-01 2024-12-31 02524197 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02524197 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02524197 bus:Agent1 2024-01-01 2024-12-31 02524197 core:OfficeEquipment 2024-01-01 2024-12-31 02524197 core:PlantMachinery 2024-01-01 2024-12-31 02524197 1 2024-01-01 2024-12-31 02524197 countries:AllCountries 2024-01-01 2024-12-31 02524197 2023-12-31 02524197 core:OfficeEquipment 2023-12-31 02524197 core:PlantMachinery 2023-12-31 02524197 2023-01-01 2023-12-31 02524197 2023-12-31 02524197 bus:OrdinaryShareClass1 2023-12-31 02524197 core:CurrentFinancialInstruments 2023-12-31 02524197 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02524197 core:OfficeEquipment 2023-12-31 02524197 core:PlantMachinery 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 02524197

Rossini U.K. Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Rossini U.K. Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Rossini U.K. Limited

Company Information

Directors

GM Rossini

F Rossini

FP Rossini

E Brimble

Registered office

Breach House
Breach
Clutton
Bristol
BS39 5QR

Auditors

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

 

Rossini U.K. Limited

(Registration number: 02524197)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,354

137

Current assets

 

Debtors

6

38,672

41,621

Cash at bank and in hand

 

180,887

131,488

 

219,559

173,109

Creditors: Amounts falling due within one year

7

(14,706)

(10,248)

Net current assets

 

204,853

162,861

Net assets

 

206,207

162,998

Capital and reserves

 

Called up share capital

8

25,000

25,000

Retained earnings

181,207

137,998

Shareholders' funds

 

206,207

162,998

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................
E Brimble
Director

 

Rossini U.K. Limited

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

1

General information

Rossini U.K. Limited is a private company, limited by shares, domiciled in England and Wales. The company’s registration number is 02524197. The registered office is Breach House, Breach, Clutton, Bristol, BS35 5QR. The principal place of business is the registered office.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Audit report

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 13 May 2025 was Simon Roper, who signed for and on behalf of Fuller & Roper Limited

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Rossini U.K. Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Rossini U.K. Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

641

37

 

Rossini U.K. Limited

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

5

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

10,097

7,522

17,619

Additions

-

1,857

1,857

At 31 December 2024

10,097

9,379

19,476

Depreciation

At 1 January 2024

9,960

7,522

17,482

Charge for the year

27

613

640

At 31 December 2024

9,987

8,135

18,122

Carrying amount

At 31 December 2024

110

1,244

1,354

At 31 December 2023

137

-

137

6

Debtors

Current

2024
£

2023
£

Trade debtors

20,358

6,787

Other debtors

18,314

34,834

 

38,672

41,621

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

8,931

4,320

Accruals and deferred income

5,775

5,520

Other creditors

-

408

14,706

10,248

 

Rossini U.K. Limited

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

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

25,000

25,000

25,000

25,000

       

9

Financial commitments, guarantees and contingencies

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £20,949 (2023 - £5,552).

10

Related party transactions

During the year the company recognised income from group companies of £330,013 (2023 - £260,975). At the balance sheet date £20,358 (2023 - £6,787) was outstanding and is included within trade debtors.

During the year the company received management charge invoices from Ellen Brimble & Associates Limited, a company in which Mrs E Brimble is a director and shareholder, of £135,782 (2023 - £123,200). At the balance sheet date an amount of £8,931 (2023 - £4,320) was owed to Ellen Brimble & Associates Limited and included within trade creditors.

11

Parent and ultimate parent undertaking

The immediate and ultimate parent company is Rossini S.p.A. a company incorporated in Italy. Copies of the consolidated group financial statements can be obtained from Viale A. De Gasperi 5, 20027, Rescaldina, Italy.