REGISTERED NUMBER: 07218380 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LOCADELI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Locatelli

Mrs P C Locatelli

SECRETARY:

Mrs P C Locatelli

REGISTERED OFFICE:

Simons Muirhead Burton

87-91 Newman Street

London

W1T 3EY

REGISTERED NUMBER:

07218380 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Investments

4

6

6

CURRENT ASSETS

Debtors

5

255,728

254,937

Cash at bank

30

30

255,758

254,967

CREDITORS

Amounts falling due within one year

6

5,441

4,791

NET CURRENT ASSETS

250,317

250,176

TOTAL ASSETS LESS CURRENT LIABILITIES

250,323

250,182

CAPITAL AND RESERVES

Called up share capital

7

100

100

Share premium

249,900

249,900

Retained earnings

323

182

SHAREHOLDERS' FUNDS

250,323

250,182

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 directors acknowledge their 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.

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 26 September 2025 and were signed on its behalf by:

G Locatelli - Director

1.	STATUTORY INFORMATION

Locadeli 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The directors have reviewed the working capital requirements of the company for a period of not less than 12 months from the date of signing these financial statements . The directors have confirmed the company can rely on the support of group companies and as such the financial statements continue to be prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Locadeli Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the companies Act 2006 from the requirements to prepare consolidated financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

6

NET BOOK VALUE

At 31 December 2024

6

At 31 December 2023

6

Details of undertakings:

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings:

Giorgio Locatelli Consultancy Limited (Registered office: 87-91 Newman Street, London, W1T 3EY)

100% of ordinary shares held (2024 & 2023)

Principal activity: Consultants in the restaurant industry

Vecchioscemo Ltd (Previously Giorgio Locatelli Ltd) (Registered office: 87-91 Newman Street, London, W1T 3EY)

100% of ordinary shares held (2024 & 2023)

Principal activity: Management of a restaurant

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

255,728

254,937

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to related undertaking

476

476

Directors' current accounts

6

6

Accrued expenses

4,959

4,309

5,441

4,791

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions in FRS102 1a from disclosing transactions with other members of the group.

Companies related through common control:

Findcharm Limited: At the balance sheet date, the amount due to Findcharm Limited was £476 (2023 - £476)

9.	ULTIMATE CONTROLLING PARTY

The directors of the company are the ultimate controlling parties.