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REGISTERED NUMBER: 09900430 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| MUCCIACCIA GALLERY LIMITED |

MUCCIACCIA GALLERY LIMITED (REGISTERED NUMBER: 09900430) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MUCCIACCIA GALLERY LIMITED |

COMPANY INFORMATION

for the Year Ended 31 DECEMBER 2024

| DIRECTOR: | Mr Massimiliano Mucciaccia

| REGISTERED OFFICE: | 71-75 Shelton Street

| London

| WC2H 9JQ

| REGISTERED NUMBER: | 09900430 (England and Wales)

| ACCOUNTANTS: | SRG Newmans Limited

| Five Ways

| 57-59 Hatfield Road

| Potters Bar

| Hertfordshire

| EN6 1HS

MUCCIACCIA GALLERY LIMITED (REGISTERED NUMBER: 09900430) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 9,428 |  |

CURRENT ASSETS

Stocks | 5 | 233,816 |  | 318,566 |  |

Debtors | 6 | 794,809 |  | 363,144 |  |

Cash at bank | 3,215 |  | 32,828 |  |

1,031,840 |  | 714,538 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,836,174 |  | 1,733,606 |  |

NET CURRENT LIABILITIES | (804,334 | ) | (1,019,068 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (804,334 | ) | (1,009,640 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 8,168 |  | 17,517 |  |

NET LIABILITIES | (812,502 | ) | (1,027,157 | ) |

CAPITAL AND RESERVES

Called up share capital | 999 |  | 999 |  |

Retained earnings | (813,501 | ) | (1,028,156 | ) |

SHAREHOLDERS' FUNDS | (812,502 | ) | (1,027,157 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MUCCIACCIA GALLERY LIMITED (REGISTERED NUMBER: 09900430) |

BALANCE SHEET - continued

31 DECEMBER 2024

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 director and authorised for issue on 15 September 2025 and were signed by:

Mr Massimiliano Mucciaccia - Director

MUCCIACCIA GALLERY LIMITED (REGISTERED NUMBER: 09900430) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Mucciaccia Gallery Limited 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

| Basis of preparing the financial statements

| 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.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | Based on the length of the lease

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 25% on cost

| Taxation

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The company has net assets of £812,502 (2023 - £1,027,157 Net liabilities). The director is of the opinion that the shareholder of the company will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of financial statements.

| Stock

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

MUCCIACCIA GALLERY LIMITED (REGISTERED NUMBER: 09900430) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | and |  | Computer |

| leasehold |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 50,181 |  | 14,229 |  | 2,264 |  | 66,674 |  |

| DEPRECIATION

| At 1 January 2024 | 40,753 |  | 14,229 |  | 2,264 |  | 57,246 |  |

| Charge for year | 9,428 |  | - |  | - |  | 9,428 |  |

| At 31 December 2024 | 50,181 |  | 14,229 |  | 2,264 |  | 66,674 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | - |  | - |  | - |  |

| At 31 December 2023 | 9,428 |  | - |  | - |  | 9,428 |  |

5. | STOCKS

2024 | 2023 |

£ | £ |

| Stocks | 233,816 |  | 318,566 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 727,739 |  | 303,250 |  |

| Other debtors | 37,500 |  | 37,500 |  |

| VAT | 8,316 |  | 2,008 |  |

| Prepayments and accrued income | 21,254 |  | 20,386 |  |

794,809 |  | 363,144 |  |

MUCCIACCIA GALLERY LIMITED (REGISTERED NUMBER: 09900430) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 8,333 |  | 8,333 |  |

| Trade creditors | 262,547 |  | 115,474 |  |

| Social security and other taxes | 2,435 |  | 2,583 |  |

| Pension fund | 224 |  | 324 |  |

| Rent provision | - |  | 8,841 |  |

| Directors' current accounts | 1,560,435 |  | 1,595,851 |  |

| Accrued expenses | 2,200 |  | 2,200 |  |

1,836,174 |  | 1,733,606 |  |

| The above Directors' current accounts represents the Shareholders loan that is interest free, unsecured and repayable on demand.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 8,168 |  | 16,667 |  |

| Bank loans - 2-5 years | - |  | 850 |  |

8,168 |  | 17,517 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | - |  | 35,322 |  |

10. | RELATED PARTY TRANSACTIONS

| No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 other than those disclosed in note 7 to financial statements