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Registered number: 08127494
REPETTO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2025
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REPETTO LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REPETTO LIMITED
FOR THE YEAR ENDED 31 JULY 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Repetto Limited for the year ended 31 July 2025 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.
This report is made solely to the director of Repetto Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Repetto Limited and state those matters that we have agreed to state to the director of Repetto Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Repetto Limited and its director for our work or for this report.
It is your duty to ensure that Repetto Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Repetto Limited. You consider that Repetto Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Repetto Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Xeinadin London Limited
Accountants
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD
20 May 2026
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REPETTO LIMITED
REGISTERED NUMBER: 08127494
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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REPETTO LIMITED
REGISTERED NUMBER: 08127494
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2025
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 profit and loss account 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 by:
The notes on pages 4 to 7 form part of these financial statements.
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REPETTO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Repetto Limited is a private company limited by shares incorporated in England. The address of the registered company is Becket House, 36 Old Jewry, London, EC2R 8DD.
The principal activity of the company was that of buying and selling fine art work.
2.Accounting policies
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Basis of preparation of financial statements
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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.
Turnover comprises revenue recognised by the company in respect of sales of art work and the supply of associated services during the year, exclusive of Value Added Tax and trade discounts.
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Foreign currency translation
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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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
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REPETTO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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REPETTO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Short-term leasehold property
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Charge for the year on owned assets
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REPETTO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Transactions with directors
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During the year, S Repetto, the director, invoiced the company £28,598 (2024: £25,338) for consultancy services. The company made artwork purchases of £6,561 (2024: £12,025) with S Repetto. At 31 July 2025, the company owed S Repetto £- (2024: £-).
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Related party transactions
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Purchases of £92,152 (2024: £139,872) and sales of £43,738 (2024: £83,314) were made with Cornelia Fine Art Limited, a related company by virtue of common directorship. Cornelia Fine Art Limited invoiced the company £- (2024: £0) for consultancy services. At the year end Cornelia Fine Art Limited owed the company £- (2024: £-).
Purchases of £409,453 (2024: £786,750) and sales of £61,401 (2024: £45,952) were made with De Primi Fine Art SA, a related company by virtue of common directorship. At the year end the company was owed £- (2024: £-) by De Primi Fine Art SA.
The company made payments of £14,299 (2024: £7,577) for consultancy services to A Repetto, S Repetto's father. At the year end the company owed £- (2024: £-) to A Repetto.
Sara Repetto, Mr S Repetto's daughter invoiced the company £- (2024: £6,871) for artwork and £6,729 (2024: £2,577) for consultancy services. At 31 July 2024, the company owed Sara Repetto £- (2024: £-).
During the year, G Repetto, Mr S Repetto's daughter invoiced the company £- (2024: £7,558) for artwork. At 31 July 2024, the company owed G Repetto £- (2024: £-).
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The immediate and ultimate parent company is Barberis International, a company incorporated in Switzerland. The ultimate controlling party is Carlo Repetto.
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