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REGISTERED NUMBER: 04639495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Alexander Di Carcaci Limited

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Alexander Di Carcaci Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | A Di Carcaci

| SECRETARY: | A Di Carcaci

| REGISTERED OFFICE: | 1st Floor

| 314 Regents Park Road

| Finchley

| London

| N3 2LT

| REGISTERED NUMBER: | 04639495 (England and Wales)

| ACCOUNTANTS: | Wolfson Associates Limited

| 1st Floor

| 314 Regents Park Road

| Finchley

| London

| N3 2LT

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 3,554 |  | 4,647 |  |

3,554 |  | 4,647 |  |

CURRENT ASSETS

Stocks | 912,266 |  | 1,702,679 |  |

Debtors | 6 | 81,659 |  | 29,303 |  |

Cash at bank and in hand | 133,893 |  | 24,982 |  |

1,127,818 |  | 1,756,964 |  |

CREDITORS

Amounts falling due within one year | 7 | 357,219 |  | 495,606 |  |

NET CURRENT ASSETS | 770,599 |  | 1,261,358 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 774,153 |  | 1,266,005 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,302,160 | ) | (1,465,648 | ) |

PROVISIONS FOR LIABILITIES | (786 | ) | (1,060 | ) |

NET LIABILITIES | (528,793 | ) | (200,703 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (528,893 | ) | (200,803 | ) |

(528,793 | ) | (200,703 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Balance Sheet - continued

31 March 2025

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 30 December 2025 and were signed by:

A Di Carcaci - Director

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Alexander Di Carcaci 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

| Goodwill

| Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 50% on reducing balance and 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position 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.

| Basic financial assets

| Basic financial assets, which include trade and other receivables 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 trade and other payables and bank loans 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.

| Trade payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

| 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.

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling 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

| At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 100,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 100,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 35,075 |  |

| Additions | 92 |  |

| At 31 March 2025 | 35,167 |  |

| DEPRECIATION

| At 1 April 2024 | 30,428 |  |

| Charge for year | 1,185 |  |

| At 31 March 2025 | 31,613 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,554 |  |

| At 31 March 2024 | 4,647 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 8,957 |  | 7,756 |  |

| Other debtors | 72,702 |  | 21,547 |  |

81,659 |  | 29,303 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 9,796 |  | (7,239 | ) |

| Taxation and social security | 16,103 |  | 73,529 |  |

| Other creditors | 331,320 |  | 429,316 |  |

357,219 |  | 495,606 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 1,302,160 |  | 1,465,648 |  |

| Alexander Di Carcaci Limited (Registered number: 04639495) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Other loans | 1,302,160 |  | 1,465,648 |  |

| Other loans are secured on stock.

| Lady C Di Carcaci

| (Spouse of the director Mr A Di Carcaci)

| At the end of the year there was a loan repayable to Lady C Di Carcaci of £1,302,160 (original loan value £1,025,000). This is included under creditors due more than one year - other creditors.

| The loan is repayable on twelve months notice being given and bears interest at 1% over base rate. The loan is guaranteed on the assets of Mr A Di Carcaci.

| In accordance with the revised terms of the loan, effective from 6 February 2008, the amount to be repaid will be increased by a capital sum which shall be equal to the total capital advanced multiplied by the average percentage change in the FTSE 100 index and the National FT House Price index movements published in the month before the date of repayment. At the year end, the movement on these two indices showed, on average, an upward movement of 27.04% from those as at 6 February 2008, being an additional sum payable of £277,160 (2024: £440,648). If the loan was to be repaid at the year end, the amount due to Lady C Di Carcaci would have been £1,302,160 (2024: £1,465,648). The accounts include this amount in accordance with FRS102 and the loan is shown at fair value.

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| At the start of the year, the company owed £287,379 to the director. During the year, the director withdrew £51,537 from the company. As a result, at the year end, the company owed £235,842 to the director. The loan is interest free and repayable on demand.