Elesa Holdings (UK) Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01291489

ELESA HOLDINGS (UK) LTD.

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

ELESA HOLDINGS (UK) LTD.

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		5,721,398	5,290,324

Current assets

Debtors	6	1,063,100	258,573
Investments	7	–	978,000
Cash at bank and in hand		2,759,249	2,471,171
		-------------	-------------
		3,822,349	3,707,744

Creditors: amounts falling due within one year	8	( 125,349)		( 49,221)
		-------------		-------------
Net current assets			3,697,000	3,658,523
			-------------	-------------
Total assets less current liabilities			9,418,398	8,948,847

Provisions

Taxation including deferred tax	( 288,710)	( 174,607)
	-------------	-------------
Net assets	9,129,688	8,774,240
	-------------	-------------

Capital and reserves

Called up share capital	60,000	60,000
Share premium account	230,000	230,000
Revaluation reserve	866,129	564,025
Other reserves	15,000	15,000
Profit and loss account	7,958,559	7,905,215
	-------------	-------------
Shareholders funds	9,129,688	8,774,240
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

ELESA HOLDINGS (UK) LTD.

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 8 May 2026 , and are signed on behalf of the board by:

Andrea Bertani

Director

Company registration number: 01291489

ELESA HOLDINGS (UK) LTD.

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW. The principal activity of the company during the year was that of an investment holding company.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. - Critical judgements in applying the company's accounting policies (i) Deferred taxation Assessing whether or not a provision is required for a liability in respect of deferred taxation requires judgement. Deferred taxation liabilities are recognised only to the extent that it is probable that future will arise against which the temporary differences can be utilised. Recognition, therefore, involves judgement regarding the prudent forecasting of future chargeable gains. There are no key sources of estimation uncertainty.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for management services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of management services is recognised in line with the period to which the services relate.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Fixed asset investments are initially recorded at cost, and subsequently stated at fair value with changes in fair value being recognised in profit or loss. Where a fair value cannot be reliably measured, investments are stated at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost or valuation
At 1 January 2025	434,755	4,855,569	5,290,324
Additions	–	766,532	766,532
Disposals	–	( 794,507)	( 794,507)
Revaluations	–	459,049	459,049
	----------	-------------	-------------
At 31 December 2025	434,755	5,286,643	5,721,398
	----------	-------------	-------------
Impairment
At 1 January 2025 and 31 December 2025	–	–	–
	----------	-------------	-------------

Carrying amount
At 31 December 2025	434,755	5,286,643	5,721,398
	----------	-------------	-------------
At 31 December 2024	434,755	4,855,569	5,290,324
	----------	-------------	-------------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	978,000	188,573
Other debtors	85,100	70,000
	-------------	----------
	1,063,100	258,573
	-------------	----------

7. Investments

	2025	2024
	£	£
Investments in group undertakings	–	978,000
	----	----------

This amount represents the fair value of the company's interest in Elesa (UK) Ltd which was due to be transferred as part of a group rationalisation. On 23 June 2025 the shares were transferred to Elesa International S.R.L. for £978,000.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	17,488
Social security and other taxes	104,424	13,083
Other creditors	20,925	18,650
	----------	---------
	125,349	49,221
	----------	---------

9. Summary audit opinion

The auditor's report dated 11 May 2026 was unqualified .

The senior statutory auditor was Mark Bradshaw , for and on behalf of Streets Audit LLP .

10. Related party transactions

On 23 June 2025 the company disposed of its shareholding in Elesa (UK) Ltd to Elesa International S.R.L. for £978,000. The results of the company are included in the consolidated financial statements of Elesa International S.R.L. (a company incorporated in Italy) which is considered to be the ultimate parent company, and which owns 100% of the issued share capital. The company has taken advantage of the exemption in FRS 102 for disclosure of transactions between group companies. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 (section 1A).

11. Controlling party

The company is under the control of Elesa International S.R.L a company registered in Italy. The consolidated financial statements of Elesa International S.R.L are available from Elesa S.R.L Via Pompeii 29 Monza (MB) Italy 20900