Silverfin false false 31/01/2025 01/02/2024 31/01/2025 S A M Di Ciacca Tana 02/03/2020 C M Di Ciacca 14/01/2013 L Tana 05/06/2020 27 October 2025 The principal activity of the Company during the financial year was that of an importer and seller of wine. SC440268 2025-01-31 SC440268 bus:Director1 2025-01-31 SC440268 bus:Director2 2025-01-31 SC440268 bus:Director3 2025-01-31 SC440268 2024-01-31 SC440268 core:CurrentFinancialInstruments 2025-01-31 SC440268 core:CurrentFinancialInstruments 2024-01-31 SC440268 core:ShareCapital 2025-01-31 SC440268 core:ShareCapital 2024-01-31 SC440268 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC440268 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC440268 bus:OrdinaryShareClass1 2025-01-31 SC440268 2024-02-01 2025-01-31 SC440268 bus:FilletedAccounts 2024-02-01 2025-01-31 SC440268 bus:SmallEntities 2024-02-01 2025-01-31 SC440268 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC440268 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC440268 bus:Director1 2024-02-01 2025-01-31 SC440268 bus:Director2 2024-02-01 2025-01-31 SC440268 bus:Director3 2024-02-01 2025-01-31 SC440268 2023-02-01 2024-01-31 SC440268 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 SC440268 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC440268 (Scotland)

# I CIACCA LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

I CIACCA LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

Contents

I CIACCA LTD

## BALANCE SHEET

AS AT 31 JANUARY 2025
I CIACCA LTD

## BALANCE SHEET (continued)

AS AT 31 JANUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Stocks |  | 998 |  | 5,600
Debtors | 3 | 280 |  | 3,437
Cash at bank and in hand |  | 713 |  | 1,687
|  | 1,991 |  | 10,724
Creditors: amounts falling due within one year | 4 | ( 25,112) |  | ( 32,248)
Net current liabilities |  | (23,121) |  | (21,524)
Total assets less current liabilities |  | (23,121) |  | (21,524)
Net liabilities |  | ( 23,121) |  | ( 21,524)
Capital and reserves |  |  |  |
Called-up share capital | 5 | 1 |  | 1
Profit and loss account |  | ( 23,122 ) |  | ( 21,525 )
Total shareholder's deficit |  | ( 23,121) |  | ( 21,524)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of I Ciacca Ltd (registered number: SC440268) were approved and authorised for issue by the Board of Directors on 27 October 2025. They were signed on its behalf by:

S A M Di Ciacca Tana Director |

I CIACCA LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
I CIACCA LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

I Ciacca Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £23,121. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 3,437
Other debtors | 280 |  | 0
| 280 |  | 3,437

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,243 |  | 163
Other taxation and social security | 0 |  | 38
Other creditors | 23,869 |  | 32,047
| 25,112 |  | 32,248

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 6. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Amounts due to key management personnel | 12,804 |  | 20,804