REGISTERED NUMBER: 06124749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BARKOS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr M Poggi

Ms S Lappi

Secretary:

Vistra Cosec Limited

Registered office:

Suite 1, 7th Floor

50 Broadway

London

SW1H 0BL

Registered number:

06124749 (England and Wales)

Accountants:

Vistra Trust Company Limited

First Floor, Templeback

10 Temple back

Bristol

BS1 6FL

FIXED ASSETS

Investment property

4

800,000

800,000

CURRENT ASSETS

Debtors

5

2,315

582

Cash at bank

800

993

3,115

1,575

CREDITORS

Amounts falling due within one year

6

(1,843,305

)

(1,786,404

)

NET CURRENT LIABILITIES

(1,840,190

)

(1,784,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,040,190

)

(984,829

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,040,191

)

(984,830

)

(1,040,190

)

(984,829

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 19 September 2025 and were signed on its behalf by:

Mr M Poggi - Director

1.	STATUTORY INFORMATION

Barkos 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.

The Company’s functional and presentational currency is Euros and the financial statements have been rounded to the nearest Euros (€).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investment property

Investment properties, which are properties held to earn rentals and / or for capital appreciation, are initially measured at cost and subsequently at fair value. Gains or losses on revaluation are recognised in profit or loss.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies

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

Going concern

The going concern basis has been considered appropriate by the directors as the parent undertaking Ditta Fratelli Poggi SRL, has indicated that it will continue to support the company financially for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

€

Fair value

At 1 March 2024

and 28 February 2025

800,000

Net book value

At 28 February 2025

800,000

At 29 February 2024

800,000

The investment property was valued at 28 February 2025 by the directors on the Sales Comparison Method, using the trend and market value of the Italian real estate market in Western areas of Italy as assessed by official statistical institution. In directors' opinion, the value of the property at 28 February 2025 is approximately the same as the value at 29 February 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

€

€

Other debtors

2,315

582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

€

€

Trade creditors

2,638

-

Amounts owed to group undertakings

1,829,275

1,775,362

Other creditors

11,392

11,042

1,843,305

1,786,404

7.	ULTIMATE CONTROLLING PARTY

Ditta Fratelli Poggi SRL, a company incorporated in Italy, is the company's immediate parent company.

The directors consider the company's ultimate parent and controlling party to be Ditta Fratelli Poggi SRL a company also incorporated in Italy.