FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RAVELLO COFFEE CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Mazza

S Mazza

SECRETARY:

S Mazza

REGISTERED OFFICE:

Chancellors House

Brampton Lane

Hendon

London

NW4 4AB

REGISTERED NUMBER:

04390457 (England and Wales)

ACCOUNTANTS:

Zenith Advisory

Chartered Accountants

Chancellors House

3 Brampton Lane

Hendon

London

NW4 4AB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

250,482

260,026

250,482

260,026

CURRENT ASSETS

Stocks

1,000

6,600

Debtors

6

410,544

536,762

Cash at bank

405,541

246,963

817,085

790,325

CREDITORS

Amounts falling due within one year

7

288,051

264,327

NET CURRENT ASSETS

529,034

525,998

TOTAL ASSETS LESS CURRENT LIABILITIES

779,516

786,024

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(27,828

)

(26,215

)

NET ASSETS

746,688

744,809

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

746,684

744,805

746,688

744,809

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 29 September 2025 and were signed on its behalf by:

L Mazza - Director

S Mazza - Director

1.	STATUTORY INFORMATION

Ravello Coffee Co. 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.

Goodwill

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight lines basis over its estimated useful life.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

975,000

AMORTISATION

At 1 January 2024

and 31 December 2024

975,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

304,354

309,855

741,739

1,355,948

Additions

3,162

4,065

30,340

37,567

At 31 December 2024

307,516

313,920

772,079

1,393,515

DEPRECIATION

At 1 January 2024

165,917

268,789

661,216

1,095,922

Charge for year

16,145

10,232

20,734

47,111

At 31 December 2024

182,062

279,021

681,950

1,143,033

NET BOOK VALUE

At 31 December 2024

125,454

34,899

90,129

250,482

At 31 December 2023

138,437

41,066

80,523

260,026

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,997

6,589

Credit card control

10,612

8,622

Amounts owed by associates

175,500

150,000

Other debtors

178,577

181,207

Directors' current accounts

-

149,767

Prepayments

43,858

40,577

410,544

536,762

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

21,309

33,146

Tax

37,098

22,351

Social security and other taxes

17,459

22,614

VAT

41,333

40,301

BBL Loan

10,000

10,000

Wages control account

19,227

22,472

Directors' current accounts

29,031

25,378

Accrued expenses

112,594

88,065

288,051

264,327

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

5,000

15,000

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

71,670

71,670

Between one and five years

203,230

216,150

In more than five years

158,333

208,333

433,233

496,153

10.	ULTIMATE CONTROLLING PARTY

At the reporting date, the company was controlled by Mr Stefano Mazza and Mr Luigi Mazza.