Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity 2024-01-01 false 0 0 false 09664102 2024-01-01 2024-12-31 09664102 2023-01-01 2023-12-31 09664102 2024-12-31 09664102 2023-12-31 09664102 c:Director1 2024-01-01 2024-12-31 09664102 d:CurrentFinancialInstruments 2024-12-31 09664102 d:CurrentFinancialInstruments 2023-12-31 09664102 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09664102 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09664102 d:ShareCapital 2024-12-31 09664102 d:ShareCapital 2023-12-31 09664102 d:RetainedEarningsAccumulatedLosses 2024-12-31 09664102 d:RetainedEarningsAccumulatedLosses 2023-12-31 09664102 c:FRS102 2024-01-01 2024-12-31 09664102 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09664102 c:FullAccounts 2024-01-01 2024-12-31 09664102 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09664102 2 2024-01-01 2024-12-31 09664102 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09664102 FIORUCCI WHOLESALE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FIORUCCI WHOLESALE LIMITED REGISTERED NUMBER: 09664102 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 55,803 |  | 462,239 |
Bank and cash balances |  | 333,443 |  | 147,770 |
|  | 389,246 |  | 610,009 |
Creditors: amounts falling due within one year | 5 | (4,808,880) |  | (4,843,283) |
Net current liabilities |  |  | (4,419,634) |  | (4,233,274)
Total assets less current liabilities |  |  | (4,419,634) |  | (4,233,274)
Net liabilities |  |  | (4,419,634) |  | (4,233,274)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 10 |  | 10
Profit and loss account |  |  | (4,419,644) |  | (4,233,284)
|  |  | (4,419,634) |  | (4,233,274)
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FIORUCCI WHOLESALE LIMITED REGISTERED NUMBER: 09664102 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2026.
................................................ F Khan
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
FIORUCCI WHOLESALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Fiorucci Wholesale Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 09664102 and registered office is Unit 1 Euro Park A5 Watling Street, Clifton Upon Dunsmore, Rugby, England, CV23 0AQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
FIORUCCI WHOLESALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
FIORUCCI WHOLESALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.9 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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FIORUCCI WHOLESALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 44,722 | 384,679
| Other debtors | 10,632 | 75,235
| Prepayments and accrued income | 449 | 2,325
|  | 55,803 | 462,239
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 142 | 105,045
| Amounts owed to group undertakings | 4,672,555 | 4,699,903
| Other taxation and social security | 9,915 | -
| Other creditors | 103,671 | 16,736
| Accruals and deferred income | 22,597 | 21,599
|  | 4,808,880 | 4,843,283
6. | Controlling party
The ultimate parent undertaking and controlling party is Fiorucci Holdings Limited.
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