Company No: 08718233 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jenni Siew Lay Pignatelli
	Andrew Kenneth Coles
	Mark Guy Lewis Pignatelli

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

08718233 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Investments	3	2,868,059		2,926,801
		2,868,059		2,926,801
Current assets
Debtors	4	3		222
Cash at bank and in hand		15,327		93,914
		15,330		94,136
Creditors: amounts falling due within one year	5	( 2,428,828)		( 2,653,502)
Net current liabilities		(2,413,498)		(2,559,366)
Total assets less current liabilities		454,561		367,435
Net assets		454,561		367,435
Capital and reserves
Called-up share capital		100		100
Profit and loss account		454,461		367,335
Total shareholders' funds		454,561		367,435

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

Directors' responsibilities:

• The members have 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 Pignatelli Holdings Limited (registered number: 08718233) were approved and authorised for issue by the Board of Directors on 21 April 2026. They were signed on its behalf by:

Jenni Siew Lay Pignatelli Director

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

Pignatelli Holdings 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 22 Chancery Lane, London, WC2A 1LS, 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 £.

Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Fixed asset investments

Investments in subsidiaries are measured at cost less impairment. Impairment reviews are carried out annually by the directors.

Listed investments are recognised initially at cost which is the transaction price excluding transaction costs. Subsequently they are measured at fair value through profit or loss.

Dividends from investments are recognised income at the point when the company becomes entitled to the dividend.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which interim dividends are paid and final dividends are approved.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	1		1

3. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	2,861,455		2,861,455
Other investments and loans	6,604		65,346
	2,868,059		2,926,801

Investments in subsidiaries

	2025
	£
Cost
At 01 August 2024	3,145,481
Disposals	( 284,026)
At 31 July 2025	2,861,455
Provisions for impairment
At 01 August 2024	284,026
Disposals	( 284,026)
At 31 July 2025	0
Carrying value at 31 July 2025	2,861,455
Carrying value at 31 July 2024	2,861,455

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2024	65,346		65,346
Additions	33,874		33,874
Disposals	( 92,612)		( 92,612)
Movement in fair value	( 4)		( 4)
At 31 July 2025	6,604		6,604
Carrying value at 31 July 2025	6,604		6,604
Carrying value at 31 July 2024	65,346		65,346

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.07.2025	Ownership 31.07.2024
Barna and Company Limited	First Floor, 26 Hanover Buildings, Southampton, SO14 1JU	Recruitment	Ordinary	100.00%	100.00%
Wizard Recruitment Limited	Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ	Recruitment	Ordinary	100.00%	100.00%
Oak Tree Recruitment Limited	Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ	Recruitment	Ordinary	0.00%	100.00%

4. Debtors

	2025		2024
	£		£
Other debtors	3		222

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	7,616		0
Amounts owed to group undertakings	8,257		150,547
Other creditors	2,412,955		2,502,955
	2,428,828		2,653,502