REGISTERED NUMBER: 09641334 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SARTORIA ROSSI UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Falcai

REGISTERED OFFICE:

107 Jermyn Street

London

SW1Y 6EE

REGISTERED NUMBER:

09641334 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

4

106,660

117,304

CURRENT ASSETS

Stocks

558,324

529,107

Debtors

5

528,091

473,364

Cash at bank and in hand

10,781

38,557

1,097,196

1,041,028

CREDITORS

Amounts falling due within one year

6

(1,342,652

)

(1,379,463

)

NET CURRENT LIABILITIES

(245,456

)

(338,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(138,796

)

(221,131

)

CREDITORS

Amounts falling due after more than one year

7

(4,986

)

(15,098

)

NET LIABILITIES

(143,782

)

(236,229

)

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

(144,032

)

(236,479

)

(143,782

)

(236,229

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 15 April 2026 and were signed by:

R Falcai - Director

1.	STATUTORY INFORMATION

Sartoria Rossi Uk Ltd 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.

Going concern

The shareholder has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore, the director considers it appropriate that the financial statements are prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company, and the company has transferred to the buyer the significant risks and rewards of ownership of the goods.

Tangible fixed assets

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 50 years (over the lease term)

Plant and machinery 20% straight line

Fixtures and fittings 5% straight line

Computer Equipment 20% straight line

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.

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

45,660

116,306

161,966

DEPRECIATION

At 1 January 2024

6,908

37,754

44,662

Charge for year

914

9,730

10,644

At 31 December 2024

7,822

47,484

55,306

NET BOOK VALUE

At 31 December 2024

37,838

68,822

106,660

At 31 December 2023

38,752

78,552

117,304

5.

DEBTORS

2024

2023

(Restated)

£

£

Amounts falling due within one year:

Trade debtors

369,032

300,085

Other debtors

59,939

68,959

428,971

369,044

Amounts falling due after more than one year:

Other debtors

99,120

104,320

Aggregate amounts

528,091

473,364

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Restated)

£

£

Trade creditors

846,362

913,790

Amounts owed to group undertakings

315,717

315,717

Taxation and social security

94,167

64,193

Other creditors

86,406

85,763

1,342,652

1,379,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

(Restated)

£

£

Other creditors

4,986

15,098

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

(Restated)

£

£

Within one year

243,750

238,750

Between one and five years

796,250

927,500

In more than five years

-

112,500

1,040,000

1,278,750

9.	RELATED PARTY DISCLOSURES

At 31 December 2024, the company had outstanding balances with related parties arising in the ordinary course of business.

Amounts due from related parties included £89,900 (2023: £89,493) from Sartoria Rossi Burlington Limited and £185,093 (2023: £204,792) from Sartoria Rossi USA Inc. These balances, which arose from the sale of goods and services, are included within trade debtors and were outstanding at the year end. The balance due from Sartoria Rossi Burlington Limited was subsequently settled in 2025.

Amounts payable to related parties at 31 December 2024 included £462,887 (2023: £369,584) due to Sartoria Rossi Retail Srl and £271,064 (2023: £372,416) due to Sartoria Rossi Srl, arising from the purchase of goods and services, and are included within trade creditors.

In addition, at the year end, the company owed £315,717 (2023: £315,717) to Sartoria Rossi USA Inc in respect of loan provided to the company. The loan is unsecured and interest-free.

At the year end, balance of £70,657 (2023: £70,657) was payable to the director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Falcai.