REGISTERED NUMBER: 14759638 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KEBHOUZE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Francesco Scipioni

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

14759638 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

4

1,860,980

1,531,412

CURRENT ASSETS

Stocks

5

50,951

98,459

Debtors

6

839,139

984,298

Cash at bank

142,931

99,244

1,033,021

1,182,001

CREDITORS

Amounts falling due within one year

7

3,730,083

2,973,745

NET CURRENT LIABILITIES

(2,697,062

)

(1,791,744

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(836,082

)

(260,332

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(846,082

)

(270,332

)

SHAREHOLDERS' FUNDS

(836,082

)

(260,332

)

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.

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 29 September 2025 and were signed by:

Francesco Scipioni - Director

1.	STATUTORY INFORMATION

Kebhouze Ltd 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 Euro (€).

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.

Improvements to property

-

Straight line over 20 years

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The Company balance sheet shows net current liabilities of Eur 1,781,919 and a net loss of Eur 260,507. The Director continue to adopt a going concern basis in preparing the annual financial statements on the basis that they have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the date of signing these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

€

€

€

€

COST

At 1 January 2024

1,371,552

146,308

37,122

1,554,982

Additions

402,837

55,673

4,344

462,854

At 31 December 2024

1,774,389

201,981

41,466

2,017,836

DEPRECIATION

At 1 January 2024

18,715

3,992

863

23,570

Charge for year

85,079

37,887

10,320

133,286

At 31 December 2024

103,794

41,879

11,183

156,856

NET BOOK VALUE

At 31 December 2024

1,670,595

160,102

30,283

1,860,980

At 31 December 2023

1,352,837

142,316

36,259

1,531,412

5.

STOCKS

2024

2023

€

€

Stocks

50,951

98,459

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Other debtors

10,000

10,000

VAT

-

269,856

Deferred tax asset

246,780

99,834

Prepayments

51,875

12,055

Deposit paid

13,668

97,530

Rent deposit

516,816

495,023

839,139

984,298

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Trade creditors

127,214

310,148

Kebhouze S.r.l.

26,701

159,283

Kebhouze Holding S.r.l.

3,169,697

2,361,317

Social security and other taxes

915

-

Pension fund

309

-

Wages Control

16,278

-

VAT

49,561

-

Rent provision

336,914

120,257

Accrued expenses

2,494

22,740

3,730,083

2,973,745

8.	LEASING AGREEMENTS

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

2024

2023

€

€

Within one year

339,075

438,939

Between one and five years

1,934,726

2,194,695

In more than five years

5,088,219

5,706,207

7,362,020

8,339,841

Kebhouze Limited has signed a twenty year lease for the premises it operates.

9.	RELATED PARTY DISCLOSURES

Amount owed to group undertakings represents €26,701 (2023 - €159,283) due to Kebhouze SRL. The amount bears no interest and it is repayable on demand. €3,169.697 (2023 - €2,361,317) is a loan due to Kebhouze Holding S.r.l., it bears interest at 6%, which is calculated daily.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Kebhouze Holding S.r.l.

The ultimate controlling party is Cofiva Holding S.p.A.

Both companies are incorporated in Italy.