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REGISTERED NUMBER: 06414102 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2024

for

Ronchi UK Limited

Ronchi UK Limited (Registered number: 06414102)






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


Ronchi UK Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: G Ronchi





REGISTERED OFFICE: St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 06414102 (England and Wales)





AUDITORS: Bennett Brooks & Co Limited
Chartered Accountants
& Statutory Auditors
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Ronchi UK Limited (Registered number: 06414102)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 453 -

CURRENT ASSETS
Stocks 26,083 26,852
Debtors 5 333,349 311,629
Cash at bank and in hand 1,085,144 854,282
1,444,576 1,192,763
CREDITORS
Amounts falling due within one year 6 (484,101 ) (383,011 )
NET CURRENT ASSETS 960,475 809,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,928

809,752

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 960,828 809,652
SHAREHOLDERS' FUNDS 960,928 809,752

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 21 May 2025 and were signed by:





G Ronchi - Director


Ronchi UK Limited (Registered number: 06414102)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Ronchi 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company meets its day to day financing arrangements through its cash resources and management of its intercompany creditor positions with related entities. A letter of support from the ultimate controlling party has been received confirming the commitment to provide financial support for at least 12 months from the date of signing. The directors have prepared forecasts and cashflows that show that the company is able to operate within its cash resources for a period of at least 12 months, and given the written support provided by the ultimate controlling party, consider the going concern basis of preparation to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the risks and rewards of ownership have passed to the customer, generally on despatch.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for it's intended use.

Depreciation on all assets is calculated to allocate the depreciable amount to their residual value of a systematic basis over their estimated useful life as follows:

Fixtures and fittings - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
i. Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of future cash receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. Any impairment loss would be recognised in the profit and loss.

Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled, or substantially the risks and rewards of the ownership of the asset are transferred to another party.

ii. Financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Ronchi UK Limited (Registered number: 06414102)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

Ronchi UK Limited (Registered number: 06414102)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2024 5,611
Additions 680
At 31 December 2024 6,291
DEPRECIATION
At 1 January 2024 5,611
Charge for year 227
At 31 December 2024 5,838
NET BOOK VALUE
At 31 December 2024 453
At 31 December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 322,878 298,371
Prepayments 10,471 13,258
333,349 311,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 10,037
Tax 49,271 25,599
Social security & other taxes - 3,389
VAT 51,788 47,212
Other creditors 513 792
Due to group undertakings 305,623 246,160
Accruals and deferred income 76,906 49,822
484,101 383,011

Amounts due to group undertakings are unsecured, interest free and repayable on demand.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 13,060 14,247
Between one and five years - 13,060
13,060 27,307

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

The Report of the Auditors was unqualified.

Jason Leach FCA (Senior Statutory Auditor)
for and on behalf of Bennett Brooks & Co Limited

Ronchi UK Limited (Registered number: 06414102)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

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. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Ronchi Mario S.p.A., incorporated in Italy.

The ultimate parent is Ronchi Holding S.p.A., incorporated in Italy.

These financial statements are available upon request from 43 - 20060 Gessate - MI - Italy.

C Ronchi and G Ronchi jointly control Ronchi Holdings S.p.A.