REGISTERED NUMBER: SC152165 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ROSSINI SCOTLAND LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W S Lindsay

Mrs L Lindsay

SECRETARY:

W S Lindsay

REGISTERED OFFICE:

"Coire Buidhe"

Main Street

Strathyre

PERTHSHIRE

FK18 8NA

REGISTERED NUMBER:

SC152165 (Scotland)

ACCOUNTANTS:

D S Anderson

Chartered Accountant

DS Anderson & Co

62 Townhead

Kirkintilloch

Glasgow

G66 1NZ

FIXED ASSETS

Tangible assets

4

147,524

152,508

CURRENT ASSETS

Stocks

900

1,125

Debtors

1,025

10,378

Investments

128,252

116,538

Cash at bank

75,985

67,377

206,162

195,418

CREDITORS

Amounts falling due within one year

(69,713

)

(71,092

)

NET CURRENT ASSETS

136,449

124,326

TOTAL ASSETS LESS CURRENT LIABILITIES

283,973

276,834

PROVISIONS FOR LIABILITIES

5

(3,406

)

(2,968

)

NET ASSETS

280,567

273,866

CAPITAL AND RESERVES

Called up share capital

6

101

101

Capital redemption reserve

99

99

Retained earnings

280,367

273,666

SHAREHOLDERS' FUNDS

280,567

273,866

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2025 and were signed on its behalf by:

W S Lindsay - Director

Mrs L Lindsay - Director

1.	STATUTORY INFORMATION

Rossini Scotland Ltd is a private company, limited by shares , registered in Scotland. 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 has been provided at the following annual rates in order to write off each asset over its useful life:-

Furniture & Equipment

25% on cost

Kitchen Equipment

25% on cost

Computer Equipment & Software

25% on cost

Motor Vehicles

25% RB

Freehold Property

2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Current asset investments

This is stated at current market value less unrealised gains.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss Account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

203,322

Additions

8,834

Disposals

(3,213

)

At 31 December 2024

208,943

DEPRECIATION

At 1 January 2024

50,825

Charge for year

13,034

Eliminated on disposal

(2,440

)

At 31 December 2024

61,419

NET BOOK VALUE

At 31 December 2024

147,524

At 31 December 2023

152,497

5.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

3,406

2,968

Deferred

tax

£

Balance at 1 January 2024

2,968

Charge to Income Statement during year

438

Balance at 31 December 2024

3,406

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

101

Ordinary

£1

101

101

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by W S Lindsay.