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REGISTERED NUMBER: 08268780 (England and Wales)












Financial Statements

for the Year Ended 31 December 2024

for

Pierre Marcolini UK Ltd

Pierre Marcolini UK Ltd (Registered number: 08268780)






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


Pierre Marcolini UK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P Marcolini
J Chouchan
Y Shimizu





SECRETARY: MY UK OFFICE LIMITED





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
Brough
East Yorkshire
HU15 2HG





REGISTERED NUMBER: 08268780 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Pierre Marcolini UK Ltd (Registered number: 08268780)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 937 12,187
Tangible assets 5 60,305 22,696
61,242 34,883

CURRENT ASSETS
Stocks 116,381 93,076
Debtors 6 548,857 562,670
Cash at bank and in hand 202,913 109,463
868,151 765,209
CREDITORS
Amounts falling due within one year 7 187,433 223,432
NET CURRENT ASSETS 680,718 541,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,960

576,660

CREDITORS
Amounts falling due after more than one
year

8

4,845,805

4,792,575
NET LIABILITIES (4,103,845 ) (4,215,915 )

CAPITAL AND RESERVES
Called up share capital 9 15,000 15,000
Retained earnings 10 (4,118,845 ) (4,230,915 )
SHAREHOLDERS' FUNDS (4,103,845 ) (4,215,915 )

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 4 July 2025 and were signed on its behalf by:





P Marcolini - Director


Pierre Marcolini UK Ltd (Registered number: 08268780)

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

1. STATUTORY INFORMATION

Pierre Marcolini 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

Going concern
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.

The company is dependent on the continued financial support of Pierre Marcolini Group SA. The directors of Pierre Marcolini Group SA have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future. On this basis the financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when goods are delivered and the legal title has passed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Lease premium - in accordance with the lease terms
Fixtures and fittings - 20% on costs or over 3 years
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

Pierre Marcolini UK Ltd (Registered number: 08268780)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 45,000
AMORTISATION
At 1 January 2024 32,813
Charge for year 11,250
At 31 December 2024 44,063
NET BOOK VALUE
At 31 December 2024 937
At 31 December 2023 12,187

5. TANGIBLE FIXED ASSETS
Improvements
Lease to Plant and
premium property machinery
£    £    £   
COST
At 1 January 2024 200,000 - 652,743
Additions - 51,071 7,566
At 31 December 2024 200,000 51,071 660,309
DEPRECIATION
At 1 January 2024 200,000 - 649,497
Charge for year - - 1,578
At 31 December 2024 200,000 - 651,075
NET BOOK VALUE
At 31 December 2024 - 51,071 9,234
At 31 December 2023 - - 3,246

Pierre Marcolini UK Ltd (Registered number: 08268780)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 431,698 14,451 1,298,892
Additions - - 58,637
At 31 December 2024 431,698 14,451 1,357,529
DEPRECIATION
At 1 January 2024 412,248 14,451 1,276,196
Charge for year 19,450 - 21,028
At 31 December 2024 431,698 14,451 1,297,224
NET BOOK VALUE
At 31 December 2024 - - 60,305
At 31 December 2023 19,450 - 22,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,155 157,761
Other debtors 405,702 404,909
548,857 562,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,405 27,483
Taxation and social security 84,579 98,707
Other creditors 85,449 97,242
187,433 223,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to participating interests 4,845,805 4,792,575

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary 1 15,000 15,000

Pierre Marcolini UK Ltd (Registered number: 08268780)

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

10. RESERVES
Retained
earnings
£   

At 1 January 2024 (4,230,915 )
Profit for the year 112,070
At 31 December 2024 (4,118,845 )

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

The Report of the Auditors was unqualified.

Andrew Ewart FCA FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

12. 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.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Pierre Marcolini Group SA, a company registered in Belgium.

The company's ultimate controlling party is VM2 Holdings Co Limited ( a company registered in Japan). VM2 Holdings Co Limited is under the control of Mr H Yu.