Found Italian Property Limited 11419037 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is that of holding several industrial properties in Italy which are rented. Digita Accounts Production Advanced 6.30.9574.0 true 11419037 2025-01-01 2025-12-31 11419037 2025-12-31 11419037 core:RetainedEarningsAccumulatedLosses 2025-12-31 11419037 core:ShareCapital 2025-12-31 11419037 core:CurrentFinancialInstruments 2025-12-31 11419037 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 11419037 bus:SmallEntities 2025-01-01 2025-12-31 11419037 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 11419037 bus:AbridgedAccounts 2025-01-01 2025-12-31 11419037 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11419037 bus:RegisteredOffice 2025-01-01 2025-12-31 11419037 bus:CompanySecretary1 2025-01-01 2025-12-31 11419037 bus:Director1 2025-01-01 2025-12-31 11419037 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11419037 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 11419037 core:ShareCapital 2025-01-01 2025-12-31 11419037 countries:EnglandWales 2025-01-01 2025-12-31 11419037 2024-12-31 11419037 core:RetainedEarningsAccumulatedLosses 2024-12-31 11419037 core:ShareCapital 2024-12-31 11419037 2024-01-01 2024-12-31 11419037 2024-12-31 11419037 core:CurrentFinancialInstruments 2024-12-31 11419037 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11419037 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11419037 core:ShareCapital 2024-01-01 2024-12-31 11419037 2023-12-31 11419037 core:RetainedEarningsAccumulatedLosses 2023-12-31 11419037 core:ShareCapital 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 11419037

Found Italian Property Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 December 2025

Found Italian Property Limited

Contents

Company Information | 1
Director's Report | 2
Abridged Profit and Loss Account | 3
Statement of Comprehensive Income | 4
Abridged Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Unaudited Abridged Financial Statements | 7 to 8

Found Italian Property Limited

Company Information

Director | Gerald Brian Taylor

Company secretary | Lincoln Secretaries Limited Limited

Registered office | 12 Bridewell Place 3rd Floor East London EC4V 6AP

Found Italian Property Limited

Director's Report for the Year Ended 31 December 2025

The director presents his report and the abridged financial statements for the year ended 31 December 2025.

Director of the company

The director who held office during the year was as follows:

Gerald Brian Taylor

Principal activity

The principal activity of the company is that of holding several industrial properties in Italy which are rented.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 April 2026

......................................... Lincoln Secretaries Limited Limited Company secretary

Found Italian Property Limited

Abridged Profit and Loss Account for the Year Ended 31 December 2025

| Note | 2025 € | 2024 €
Gross profit |  | 220,900 | 280,800
Administrative expenses |  | (401,112) | (321,629)
Loss before tax |  | (180,212) | (40,829)
Tax on loss |  | (64,022) | -
Loss for the financial year |  | (244,234) | (40,829)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Found Italian Property Limited

Statement of Comprehensive Income for the Year Ended 31 December 2025

| 2025 € | 2024 €
Loss for the year | (244,234) | (40,829)
Total comprehensive income for the year | (244,234) | (40,829)

Found Italian Property Limited

(Registration number: 11419037)
Abridged Balance Sheet as at 31 December 2025

| Note | 2025 € | 2024 €
Fixed assets |  |  |
Tangible assets |  | 4,026,575 | -
Current assets |  |  |
Debtors |  | 380,242 | 4,212,201
Cash at bank and in hand |  | 6,900 | 78,551
|  | 387,142 | 4,290,752
Creditors: Amounts falling due within one year |  | (886,561) | (525,117)
Net current (liabilities)/assets |  | (499,419) | 3,765,635
Total assets less current liabilities |  | 3,527,156 | 3,765,635
Accruals and deferred income |  | (21,910) | (16,155)
Net assets |  | 3,505,246 | 3,749,480
Capital and reserves |  |  |
Called up share capital |  | 4,026,575 | 4,026,575
Retained earnings |  | (521,329) | (277,095)
Shareholders' funds |  | 3,505,246 | 3,749,480

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 April 2026

......................................... Gerald Brian Taylor Director

Found Italian Property Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital € | Retained earnings € | Total €
At 1 January 2025 | 4,026,575 | (277,095) | 3,749,480
Loss for the year | - | (244,234) | (244,234)
At 31 December 2025 | 4,026,575 | (521,329) | 3,505,246

| Share capital € | Retained earnings € | Total €
At 1 January 2024 | 4,026,575 | (236,266) | 3,790,309
Loss for the year | - | (40,829) | (40,829)
At 31 December 2024 | 4,026,575 | (277,095) | 3,749,480

Found Italian Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Bridewell Place
3rd Floor East
London
EC4V 6AP

These financial statements were authorised for issue by the director on 16 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Found Italian Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).