Company No: 10399894 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets		1		1
Tangible assets	3	299,579		471,102
		299,580		471,103
Current assets
Stocks		27,828		12,455
Debtors	4	820,506		793,293
Cash at bank and in hand		98,591		108,766
		946,925		914,514
Creditors: amounts falling due within one year	5	( 2,127,791)		( 1,921,181)
Net current liabilities		(1,180,866)		(1,006,667)
Total assets less current liabilities		(881,286)		(535,564)
Creditors: amounts falling due after more than one year	6	( 563)		( 563)
Provision for liabilities	7	21,351		( 34,260)
Net liabilities		( 860,498)		( 570,387)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 860,598 )		( 570,487 )
Total shareholder's deficit		( 860,498)		( 570,387)

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

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mallucci London Limited (registered number: 10399894) were approved and authorised for issue by the Director. They were signed on its behalf by:

Patrick Lawrence Mallucci Director

20 October 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

Mallucci London Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, 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 £.

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 Statement of Financial Position 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 director, having considered the above and made due enquires, continues to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The major part of the company's working capital requirement is provided by a loan from Patrick Mallucci Limited , a related company, which is repayable in more than one year.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	9		12

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	1,160,217		411,092		1,571,309
Additions	14,892		0		14,892
	0		0		0
At 31 March 2025	1,175,109		411,092		1,586,201
Accumulated depreciation
At 01 April 2024	826,154		274,053		1,100,207
Charge for the financial year	117,511		68,904		186,415
	0		0		0
At 31 March 2025	943,665		342,957		1,286,622
Net book value
At 31 March 2025	231,444		68,135		299,579
At 31 March 2024	334,063		137,039		471,102

4. Debtors

	2025		2024
	£		£
Trade debtors	27,455		28,472
Amounts owed by group undertakings	659,456		686,947
Other debtors	133,595		77,874
	820,506		793,293

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	211,079		116,346
Amounts owed to group undertakings	1,696,650		1,510,899
Other taxation and social security	33,749		38,209
Obligations under finance leases and hire purchase contracts	115,871		174,556
Other creditors	70,442		81,171
	2,127,791		1,921,181

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Taxation and social security	563		563

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	( 21,351)		34,260

8. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	115,871		174,556

9. Related party transactions

Include in creditors is an amount of £1,696,650 (2024: £1,510,898) due to a company registered in England and Wales, where is a common director


Included in debtors is an amount of £659,456 (2024: £686,947) due from a company registered in England and Wales, where this is a common director