Manufacturing Renaissance Italian Solutions Limited

Registered number

09710764

Filleted Accounts

31 December 2024

Manufacturing Renaissance Italian Solutions Limited
Registered number:		09710764
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investments	3		779,256			1,651,801

Current assets
Stocks		71,214			86,920
Debtors	4	3,350			31,122
Cash at bank and in hand		4,119			257
		78,683			118,299

Creditors: amounts falling due within one year	6	(316,503)			(404,198)

Net current liabilities			(237,820)			(285,899)

Total assets less current liabilities			541,436			1,365,902

Creditors: amounts falling due after more than one year	7		(1,430,197)			(1,353,898)



Net (liabilities)/assets			(888,761)			12,004

Capital and reserves
Called up share capital			50,010			50,010
Revaluation reserve	9		-			216,000
Profit and loss account			(938,771)			(254,006)

Shareholders' funds			(888,761)			12,004

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Daniele Bartoccioni Menconi
Director
Approved by the board on 30 September 2025

Manufacturing Renaissance Italian Solutions Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	-		-


3	Investments

Other
investments
£
	Fair value
	At 1 January 2024			1,651,801
	Revaluation			(872,545)

	At 31 December 2024			779,256

	Historical cost
	At 1 January 2024			1,435,801
	At 31 December 2024			1,435,801

	The Company holds 20% or more of the share capital of Saxa Gres s.p.a - Italy.



4	Debtors	2024		2023
£			£

	Trade debtors	230		22,000
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	-		8,747
	Other debtors	3,120		375
		3,350		31,122


5	Investments held as current assets	2024		2023
£			£
	Fair value

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments	(656,545)		-
	Unlisted investments	(15,705)		-
		(672,250)		-



6	Creditors: amounts falling due within one year	2024		2023
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	116,877		35,691
	Taxation and social security costs	1,038		882
	Other creditors	183,246		176,811
	Accruals and deferred income	15,342		190,814
		316,503		404,198


7	Creditors: amounts falling due after one year	2024		2023
£			£

	Loans	1,430,197		1,353,898


8	Loans	2024		2023
£			£
	Creditors include:
	Between two and five years	1,353,898		1,353,898


	Secured loans	1,353,898		1,353,898

	The loans are secured on the Saxa Gres s.p.a shares owned by the Company.

9	Revaluation reserve	2024		2023
£			£

	At 1 January 2024	216,000		216,000

	At 31 December 2024	-		216,000


10	Other information

	Manufacturing Renaissance Italian Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	85 Great Portland Street
	London
	W1W 7LT