REGISTERED NUMBER: 06662098 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TUCANO URBANO LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Biollo

REGISTERED OFFICE:

39 Hendon Lane

Finchley

London

N3 1RY

REGISTERED NUMBER:

06662098 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Guner Mustafa FCA

AUDITORS:

Guner Associates

Chartered Accountants

and Statutory Auditor

39 Hendon Lane

Finchley

London

N3 1RY

CURRENT ASSETS

Stocks

336,456

251,697

Debtors

78,889

55,419

Cash at bank

48,371

42,637

463,716

349,753

CREDITORS

Amounts falling due within one year

117,082

202,862

NET CURRENT ASSETS

346,634

146,891

TOTAL ASSETS LESS CURRENT LIABILITIES

346,634

146,891

CREDITORS

Amounts falling due after more than one year

531,896

298,169

NET LIABILITIES

(185,262

)

(151,278

)

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

7

(186,262

)

(152,278

)

SHAREHOLDERS' FUNDS

(185,262

)

(151,278

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 March 2026 and were signed by:

Mr M Biollo - Director

1.	STATUTORY INFORMATION

Tucano Urbano 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration following delivery of goods. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales taxes or duty.

Turnover is derived from the supply of goods and services exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 33% on cost

Motor vehicles - 33% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued financial support of Mandelli SRL, the immediate parent undertaking. Mandelli SRL have indicated their willingness to continue to provide such financial support as may be required to enable it to meet it's liabilities for at least 12 months following the date of approval of the financial statements and on this basis the director have prepared the financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

16,254

DEPRECIATION

At 1 September 2024

and 31 August 2025

16,254

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

RESERVES

Retained

earnings

£

At 1 September 2024

(152,278

)

Deficit for the year

(33,984

)

At 31 August 2025

(186,262

)

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Guner Mustafa FCA (Senior Statutory Auditor)

for and on behalf of Guner Associates

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is Mandelli SRL, incorporated in Italy.