Registration number: 14216917

CALLMEWINE UK LIMITED

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

CALLMEWINE UK LIMITED

Company Information

Directors

M Lanzarone R Pesenti Enrico Corazza

Registered office

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

Auditors

DTL Auditors Limited Chartered Certified Accountant 5th Floor, North Side 7-10 Chandos Street Cavendish Square London W1G 9DQ

CALLMEWINE UK LIMITED

(Registration number: 14216917)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Stocks		75,282	97,870
Debtors	4	66,846	60,717
Cash at bank and in hand		16,551	20,857
		158,679	179,444
Creditors: Amounts falling due within one year	5	(422,826)	(221,545)
Total assets less current liabilities		(264,147)	(42,101)
Creditors: Amounts falling due after more than one year	5	-	(99,673)
Net liabilities		(264,147)	(141,774)
Capital and reserves
Called up share capital	6	5,000	5,000
Retained earnings		(269,147)	(146,774)
Shareholders' deficit		(264,147)	(141,774)

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 9 September 2025 and signed on its behalf by:
 

......................................... Enrico Corazza Director

CALLMEWINE UK 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 and Wales.

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

These financial statements were authorised for issue by the Board on 9 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

Notwithstanding net liabilities of £264,147 reported on page 2 (2023: £141,774) as at 31 December 2024, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.

The company will continue its principal activity and in the opinion of the directors the company will have sufficient funds, through funding from its ultimate owner to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. The immediate parent company has confirmed that they will continue to make available such funds as are needed by the company to the extent they are required. However there can be no certainty over the total outflows that are required.

Therefore, even though the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements due to the shareholder support, they recognise there is no certainty over this support being sufficient. The directors are not aware of any other events or conditions beyond the period of their assessment that may cast significant doubt on the entity’s ability to continue as a going concern and therefore have prepared the financial statements on a going concern basis
The financial statements have been prepared on a going concern basis.

CALLMEWINE UK LIMITED

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

Audit report

The Independent Auditor's Report was qualified. As described in note 4 of the financial statements, the Directors have included as a current asset an amount of £48,174 which relates to deferred tax. As the Directors cannot be sure when this deferred tax asset will crystalise, the inclusion of this amount as a recoverable debtor is a departure from FRS 102.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our qualified opinion.
. We draw your attention to note 2 (going concern) which states the Director's review of the going concern status of the company.
Our opinion is not modified in respect of this matter.
.

The name of the Senior Statutory Auditor who signed the audit report on 10 September 2025 was John Tiltman FCCA, 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 entity has transferred to the buyer the significant risks and rewards of ownership of the goods;
The amount of revenue can be measured reliably;
It is probable that the economic benefits associated with the transaction will flow to the entity;
and costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

CALLMEWINE UK LIMITED

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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.

3	Staff numbers

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

CALLMEWINE UK LIMITED

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

4

Debtors

Current	2024 £	2023 £
Trade debtors	1,924	40
Prepayments	2,881	9,817
Other debtors	62,041	50,860
	66,846	60,717

Included within other debtors is an amount of £48,174 (2023:£48,174) relating to deferred tax asset.

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		222,722	211,785
Amounts owed to group undertakings	7	184,795	-
Accruals and deferred income		15,309	9,760
		422,826	221,545

Included within trade creditors is an amount of £216,525 owed to parent company Callmewine S.r.l.

Amounts owed to group undertakings include the loan from parent company Callmewine S.r.l of £184,795 (2023: Nil). The loan is interest free and payable on demand.This loan previously classified under" creditors due after more than one year" in 2023, has a maturity date of November 2025 and is therefore reclassified under "creditors due within one year " in 2024. Subsequent to the year end, the terms of the intercompany loan were formally amended, and the maturity date was extended to 31st December 2026.

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Amounts owed to group undertakings	-	99,673

Amounts owed to group undertakings 2024: Nil (2023:£99,673) is a loan from the parent company which bears no interest and is repayable on demand.

CALLMEWINE UK LIMITED

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

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Alloted called up shares of £1 each	5,000	5,000	5,000	5,000

7	Related party transactions

Summary of transactions with parent.
Callmewine S.r.l

During the year the company purchased goods for a value of £21,800 (2023:£128,408) . At the balance sheet date amount due to parent company was £216,525 (2023:£187,559).
 

8	Parent and ultimate parent undertaking

The immediate parent company is Callmewine S.r.l., a company registered in ltaly.

The ultimate controlling party is ltalmobiliare S.p.a, a company incorporated in Italy and listed on the Milan Stock Exchange. It has included the company in its group financial statements, copies of which are available from its registered office: Via Borgonuovo 20, 20121 Milano, Italy.