Pirandello Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

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Pirandello Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 06459463

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		68,064		76,328

			68,064		76,328
CURRENT ASSETS
Stocks	5	29,500		31,500
Debtors	6	82,965		54,247
Cash at bank and in hand		270,898		133,971

		383,363		219,718
Creditors: Amounts Falling Due Within One Year	7	(229,230 )		(257,647 )

NET CURRENT ASSETS (LIABILITIES)			154,133		(37,929 )

TOTAL ASSETS LESS CURRENT LIABILITIES			222,197		38,399

Creditors: Amounts Falling Due After More Than One Year	8		(62,102 )		(115,572 )

NET ASSETS/(LIABILITIES)			160,095		(77,173 )

CAPITAL AND RESERVES
Called up share capital	10		600,000		600,000
Profit and Loss Account			(439,905 )		(677,173 )

SHAREHOLDERS' FUNDS			160,095		(77,173)

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Pirandello Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 10 September 2025 and were signed on its behalf by:

Mr R G Scalzo Director	Mr V F Scalzo Director
10/09/2025

The notes on pages 4 to 8 form part of these financial statements.

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Pirandello Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Pirandello Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06459463 .

The address of its registered office is 2a Elizabeth Street, London, SW1W 9RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10 years straigh line
Plant & Machinery	20% on reducing balance
Fixtures & Fittings	20% on reducing balance

2.4. Stocks and Work in Progress

Stocks valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties,

loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting

period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss

is recognised in the Statement of Comprehensive Income.

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Pirandello Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with

banks, other short-term highly liquid investments that mature in no more than three months from the date of

acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value,

and bank overdrafts.

2.8.

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.

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.

...CONTINUED

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Pirandello Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. - continued

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing

borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of

transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss

account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable

and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer

settlement of the liability for at least twelve months after the reporting date.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2023: 24)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	515,000	107,691	494,179	1,116,870
Additions	-	4,376	3,103	7,479

As at 31 December 2024	515,000	112,067	497,282	1,124,349

Depreciation
As at 1 January 2024	515,000	67,150	458,392	1,040,542
Provided during the period	-	8,430	7,313	15,743

As at 31 December 2024	515,000	75,580	465,705	1,056,285

Net Book Value
As at 31 December 2024	-	36,487	31,577	68,064

As at 1 January 2024	-	40,541	35,787	76,328

5. Stocks

	2024	2023
	£	£
Stock	29,500	31,500

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Pirandello Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	3,725	478
Other debtors	19,995	8,521

	23,720	8,999
Due after more than one year
Other debtors	59,245	45,248

	82,965	54,247

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	51,145	66,027
Bank loans and overdrafts	35,759	62,731
Other loans	1,000	40,715
Other creditors	54,201	4,984
Taxation and social security	87,125	83,190

	229,230	257,647

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	-	32,081
Other loans	-	57,110
Other creditors	62,102	26,381

	62,102	115,572

9. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	35,525	62,084
Other loans	1,000	40,715

	36,525	102,799

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Pirandello Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	-	32,081
Other loans	-	57,110

	-	89,191

Bank borrowings

The National Westminster Bank loan is denominated in Pounds Sterling with a nominal interest rate of 4.49%. The carrying amount at year end is £35,525 (2023-£94,165).

10. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
600,000 Ordinary Shares of £ 1.00 each	600,000	600,000

11. Related Party Disclosures

Transactions with directors and shareholders

At the balance sheet date, the company owed £62,102 ( 2023: £22,402) to Mr V Scalzo.

At the balance sheet date, P Boguslavsky owed £48,718 ( 2023: £45,248) and Mr R Scalzo owed £10,527 (2023: -£3,979) to the company.

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Directors	Mr P Boguslavsky
	Mr R G Scalzo
	Mr V F Scalzo

Company Number	06459463

Registered Office	2a Elizabeth Street
	London
	SW1W 9RB

Accountants	Ripe LLP
	Chartered Accountants
	9A Burroughs Gardens
	London
	NW4 4AU