REGISTERED NUMBER: OC333720 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NARDELLO & CO LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms H Montane

Nardello Holdings (UK) LLC

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

OC333720 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

240,149

117,423

CURRENT ASSETS

Debtors

5

5,102,330

1,884,578

Cash at bank and in hand

216,108

635,260

5,318,438

2,519,838

CREDITORS

Amounts falling due within one year

6

(1,373,765

)

(936,247

)

NET CURRENT ASSETS

3,944,673

1,583,591

TOTAL ASSETS LESS CURRENT LIABILITIES

4,184,822

1,701,014

CREDITORS

Amounts falling due after more than one year

7

(548,642

)

(228,517

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,636,180

1,472,497

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

3,635,180

1,471,497

MEMBERS' OTHER INTERESTS

Capital accounts

1,000

1,000

3,636,180

1,472,497

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

3,635,180

1,471,497

Members' other interests

1,000

1,000

3,636,180

1,472,497

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 May 2025 and were signed by:

Nardello Holdings (UK) LLC - Designated member

1.	STATUTORY INFORMATION

Nardello & Co LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Short leasehold

-

evenly over the period of the lease

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 17 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

349,809

161,560

103,673

615,042

Additions

181,490

7,358

49,056

237,904

Disposals

(349,810

)

(160,422

)

-

(510,232

)

At 31 December 2024

181,489

8,496

152,729

342,714

DEPRECIATION

At 1 January 2024

279,678

160,193

57,748

497,619

Charge for year

67,596

2,933

26,988

97,517

Eliminated on disposal

(332,149

)

(160,422

)

-

(492,571

)

At 31 December 2024

15,125

2,704

84,736

102,565

NET BOOK VALUE

At 31 December 2024

166,364

5,792

67,993

240,149

At 31 December 2023

70,131

1,367

45,925

117,423

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,194,668

1,492,026

Other debtors

907,662

392,552

5,102,330

1,884,578

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

228,317

144,000

Trade creditors

516,100

405,968

Other creditors

629,348

386,279

1,373,765

936,247

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

228,517

Other creditors

548,642

-

548,642

228,517

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

175,000

175,000

Between one and five years

960,000

1,135,000

1,135,000

1,310,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

228,317

372,517

The bank loan is secured by way of a debenture against the assets of the company.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank alongside other unsecured creditors.

11.	PENSION COMMITMENTS

Nardello & Co LLP makes payments to a defined contribution scheme on behalf of its employees. Amounts charged to the profit and loss account were £119,172 for the year (2023: £82,248). There were no outstanding or prepaid contributions at the balance sheet date.

12.	ULTIMATE CONTROLLING PARTY