Registration number: 06030564

RENE' CAOVILLA LIMITED

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Financial Statements	4 to 9

RENE' CAOVILLA LIMITED

Company Information

Directors

René Caovilla Antonio Ferraioli

Registered office

5th Floor, North Side 7/10 Chandos Street Cavendish Square London W1G 9DQ

Auditors

DTL Auditors Limited Registered auditors5th Floor, North Side 7-10 Chandos Street Cavendish Square London W1G 9DQ

RENE' CAOVILLA LIMITED

(Registration number: 06030564)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	46,759	93,198
Debtors	6	149,850	149,850
		196,609	243,048
Current assets
Stocks	5	1,568,717	994,819
Debtors	6	123,192	97,611
Cash at bank and in hand		801,999	495,330
		2,493,908	1,587,760
Creditors: Amounts falling due within one year	7	(2,541,164)	(1,772,879)
Net current liabilities		(47,256)	(185,119)
Net assets		149,353	57,929
Capital and reserves
Called up share capital	8	1	1
Retained earnings		149,352	57,928
Shareholders' funds		149,353	57,929

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 2 September 2025 and signed on its behalf by:
 

......................................... Antonio Ferraioli Director

RENE' CAOVILLA LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	1	57,928	57,929
Profit for the year	-	91,424	91,424
At 31 December 2024	1	149,352	149,353

	Share capital £	Retained earnings £	Total £
At 1 January 2023	1	669,476	669,477
Prior period adjustment	-	(135,657)	(135,657)
At 1 January 2023 (As restated)	1	533,819	533,820
Loss for the year	-	(475,891)	(475,891)
At 31 December 2023	1	57,928	57,929

RENE' CAOVILLA LIMITED

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

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
England

These financial statements were authorised for issue by the Board on 2 September 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

RENE' CAOVILLA LIMITED

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

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 3 September 2025 was John Tiltman ACA, who signed for and on behalf of DTL Auditors Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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
Short-term leasehold property	straight line over the life of the lease
Fixtures and fittings	20% 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.

RENE' CAOVILLA LIMITED

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

RENE' CAOVILLA LIMITED

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

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	421,278	288,358	709,636
At 31 December 2024	421,278	288,358	709,636
Depreciation
At 1 January 2024	329,093	287,345	616,438
Charge for the year	46,092	347	46,439
At 31 December 2024	375,185	287,692	662,877
Carrying amount
At 31 December 2024	46,093	666	46,759
At 31 December 2023	92,185	1,013	93,198

Included within the net book value of land and buildings above is £46,093 (2023 - £92,185) in respect of short leasehold land and buildings.
 

5

Stocks

	2024 £	2023 £
Other inventories	1,568,717	994,819

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		16,313	289
Amounts owed by related parties		57,892	52,878
Prepayments		48,288	43,745
Other debtors		699	699
		123,192	97,611

Non-current	2024 £	2023 £
Other debtors	149,850	149,850
	149,850	149,850

RENE' CAOVILLA LIMITED

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		4,529	61,904
Amounts owed to group undertakings and undertakings in which the company has a participating interest		2,487,736	1,638,490
Taxation and social security		23,942	34,406
Accruals and deferred income		18,366	31,766
Other creditors		6,591	6,313
		2,541,164	1,772,879

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	166,500	166,500
Later than one year and not later than five years	-	166,500
	166,500	333,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £166,500 (2023 - £166,500).

RENE' CAOVILLA LIMITED

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

10	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £1,999 (2023: £2,000).

Contributions totalling £590 (2023: £312) were payable to the scheme at the end of the year and are included in creditors.



 

11	Parent and ultimate parent undertaking

The company's immediate parent is René Caovilla spa, incorporated in italy.

 The most senior parent entity producing publicly available financial statements is René Caovilla spa. These financial statements are available upon request from Via Nazionale 24, 30032 Fiesso D'artico, Venezia, Italy.