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REGISTERED NUMBER: 09453987 (England and Wales)















ROSSANO FERRETTI LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2024






ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ROSSANO FERRETTI LIMITED

Company Information
for the year ended 30 September 2024







Directors: R Ferretti
G A Markwick
V Sehdeva





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 09453987 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,323 1,977

Current assets
Stocks 5 518,150 511,296
Debtors 6 592,923 484,493
Cash at bank 470,212 478,787
1,581,285 1,474,576
Creditors
Amounts falling due within one year 7 254,057 276,283
Net current assets 1,327,228 1,198,293
Total assets less current liabilities 1,330,551 1,200,270

Provisions for liabilities 8 831 -
Net assets 1,329,720 1,200,270

Capital and reserves
Called up share capital 9 667 667
Retained earnings 1,329,053 1,199,603
Shareholders' funds 1,329,720 1,200,270

ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





G A Markwick - Director


ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)

Notes to the Financial Statements
for the year ended 30 September 2024

1. Statutory information

Rossano Ferretti Limited (‘the company’) 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 financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 September 2024 (2023: year ended 30 September 2023).

2. Accounting policies

Going concern
At the balance sheet date, the company had a positive cash balance and strong net asset position. The directors have reviewed the position and are comfortable the company will be able to continue operate within 12 months from the date of signing these financial statements.

On that basis, the directors have prepared these financial statements on a going concern basis.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

The company receives royalty income which is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Income Statement during the period in which they are incurred.

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 the Income Statement.

ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost is based on the cost of purchase on a weighted average basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised in the Income Statement.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pensions
The company operates 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 the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 3 ) .

ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 October 2023 - 14,665 14,665
Additions 2,416 - 2,416
Reclassification/transfer 1,062 (1,062 ) -
At 30 September 2024 3,478 13,603 17,081
Depreciation
At 1 October 2023 - 12,688 12,688
Charge for year 332 738 1,070
Reclassification/transfer 796 (796 ) -
At 30 September 2024 1,128 12,630 13,758
Net book value
At 30 September 2024 2,350 973 3,323
At 30 September 2023 - 1,977 1,977

5. Stocks
2024 2023
£    £   
Finished goods 518,150 511,296

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 380,974 62,160
Amounts owed by group undertakings 175,822 400,056
Other debtors 3,650 3,650
VAT 23,392 1,618
Prepayments and accrued income 9,085 17,009
592,923 484,493

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 60,000
Trade creditors 106,473 174,832
Tax 41,385 25,641
Social security and other taxes 1,496 -
Other creditors 528 1,495
Directors' current accounts 375 375
Accruals and deferred income 103,800 13,940
254,057 276,283

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 831 -

ROSSANO FERRETTI LIMITED (REGISTERED NUMBER: 09453987)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. Provisions for liabilities - continued

Deferred
tax
£   
Provided during year 831
Balance at 30 September 2024 831

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,666,667 Ordinary A £0.0001 467 467
2,000,000 Ordinary B £0.0001 200 200
667 667

10. Pension commitments

The company contributes to defined contribution pension schemes. The assets of the schemes are held separately from those of the company in an independently administered fund. The pension cost charge separately represents contributions payable by the company to the schemes and amount to £2,690 (2023: £1,394).

£528 (2023: £nil) contributions were payable to the schemes at the balance sheet date.