REGISTERED NUMBER: 14995283 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

OM Log (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Whyte

G Benfenati

C Fagioli

REGISTERED OFFICE:

Unit 1, London Brentwood Commercial Park

Tilbury Road

East Horndon

Brentwood

CM13 3LR

REGISTERED NUMBER:

14995283 (England and Wales)

AUDITORS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

4,173,952

2,155,880

CURRENT ASSETS

Debtors

5

122,866

444,843

Cash at bank

500,709

204,710

623,575

649,553

CREDITORS

Amounts falling due within one year

6

1,445,912

926,361

NET CURRENT LIABILITIES

(822,337

)

(276,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,351,615

1,879,072

CREDITORS

Amounts falling due after more than one year

7

5,500,000

1,907,434

NET LIABILITIES

(2,148,385

)

(28,362

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

8

(2,158,385

)

(38,362

)

(2,148,385

)

(28,362

)

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 30 September 2025 and were signed on its behalf by:

A Whyte - Director

1.	STATUTORY INFORMATION

OM Log (UK) 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.

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.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate.

The company made a loss during the year and, at the balance sheet date, its net liabilities exceeded its net assets. The company is dependent on the continued financial support of its parent companies, Om Log S.p.A and Snatt Logistica S.p.A, which have provided loans to the company.

The directors have received confirmation from the parent companies that they intend to continue to provide financial support to the company for a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors consider that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

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:

Office furniture - 14.29%

Warehouse Furniture & Fixtures - 14.29%

IT Furniture - 14.29%

Machinery & Equipment - 14.29%

Leasehold/Warehouse Improvements - 6.67%

Simulated environmental footprint and timeline to reach Net Zero - 6.67%

Stamp duty on assignment of the lease - 10%

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

2,115,611

40,269

2,155,880

Additions

2,093,615

87,914

2,181,529

At 31 December 2024

4,209,226

128,183

4,337,409

DEPRECIATION

Charge for year

154,301

9,156

163,457

At 31 December 2024

154,301

9,156

163,457

NET BOOK VALUE

At 31 December 2024

4,054,925

119,027

4,173,952

At 31 December 2023

2,115,611

40,269

2,155,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

50,094

-

Other debtors

4,119

-

VAT

6,729

435,910

Prepayments and accrued income

61,924

8,933

122,866

444,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

34,883

904,386

Social security and other taxes

8,627

-

Other creditors

16,406

-

Accruals and deferred income

1,385,996

21,975

1,445,912

926,361

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans more 5yrs non-inst

5,500,000

1,907,434

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

5,500,000

1,907,434

8.

RESERVES

Retained

earnings

£

At 1 January 2024

(38,362

)

Deficit for the year

(2,120,023

)

At 31 December 2024

(2,158,385

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Matthews (Senior Statutory Auditor)

for and on behalf of Hilden Park Accountants Limited

10.	ULTIMATE CONTROLLING PARTY

Om Log Spa has a 60% shareholding

Snatt Logistica Spa has a 40% shareholding