REGISTERED NUMBER: 14952362 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FADINI UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Fadini

REGISTERED OFFICE:

Unit E

Sandown Court

Station Rd

Glenfield

Leicestershire

LE3 8BT

REGISTERED NUMBER:

14952362 (England and Wales)

AUDITORS:

Belluzzo Audit Limited

Chartered Accountants and Statutory Auditors

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

4

8,759

7,977

CURRENT ASSETS

Stocks

119,555

79,196

Debtors

5

83,984

108,754

Cash at bank

209,061

115,126

412,600

303,076

CREDITORS

Amounts falling due within one year

6

(895,977

)

(460,881

)

NET CURRENT LIABILITIES

(483,377

)

(157,805

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(474,618

)

(149,828

)

CREDITORS

Amounts falling due after more than one year

7

-

(141,667

)

NET LIABILITIES

(474,618

)

(291,495

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

9

(484,618

)

(301,495

)

(474,618

)

(291,495

)

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 25 February 2026 and were signed by:

N Fadini - Director

1.	STATUTORY INFORMATION

FADINI UK Ltd is a private company, limited by shares, registered in England and Wales. The registration number of the company is 14952362. Registered office is Unit E Sandown Court, Station Rd, Glenfield, Leicestershire, England, LE3 8BT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 ''The Financial Reporting

Standard applicable in the UK and Republic of Ireland'' (''FRS 102'') and the requirements of the Companies

Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

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

The company has therefore taken advantage of exemptions from the following disclosure requirements:

· Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and

disclosures;

· Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest

income/expense and net gains/losses for financial instruments not measured at fair value; basis of

determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair

value changes recognised in profit or loss and in other comprehensive income;

· Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss,

reconciliation of opening and closing number and weighted average exercise price of share options,

how the fair value of options granted was measured, measurement and carrying amount of liabilities

for cash-settled share-based payments, explanation of modifications to arrangements;

· Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Meccanica Fadini Srl and copies are available at its registered office in Via Mantova 177/a, 37053 - Cerea (VR),

Italy.

Turnover

Turnover represents the amounts derived from the provision of goods falling within the company's ordinary activities. Revenue from the sale of goods is measured at the fair value of the consideration received or receivable and is recognised when all of the following conditions are satisfied:

- The company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- The amount of revenue can be measured reliably;

- It is probable that the economic benefits associated with the transaction will flow to the company;

Tangible fixed assets

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

Computer Equioment: 25% SL

Office Equipment: 25% SL

Plant & Machinery: 25% SL

Leasehold Improvements: 5 years effective life SL

Stocks

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

Financial instruments

Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables.

These are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Going concern

The Company is dependent upon the continuing financial support of its parent company, Meccanica Fadini Srl, without which there would be significant doubt about its ability to continue as a going concern as well as its ability discharge its liabilities in the ordinary course of business. The parent company has indicated its intention to continue providing such financial assistance to the Company to enable it to continue as a going concern and to meet its obligations as they fall due for at least 12 months from the date of approval of these financial statements. Therefore the directors consider it appropriate that the financial statements are prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

10,634

Additions

3,527

At 31 December 2025

14,161

DEPRECIATION

At 1 January 2025

2,657

Charge for year

2,745

At 31 December 2025

5,402

NET BOOK VALUE

At 31 December 2025

8,759

At 31 December 2024

7,977

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

55,351

78,802

Other debtors

28,633

29,952

83,984

108,754

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

54,167

Trade creditors

4,249

8,340

Amounts owed to group undertakings

853,263

363,035

Taxation and social security

33,000

28,253

Other creditors

5,465

7,086

895,977

460,881

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

141,667

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

47,326

49,174

Between one and five years

47,250

94,500

94,576

143,674

9.

RESERVES

Retained

earnings

£

At 1 January 2025

(301,495

)

Deficit for the year

(183,123

)

At 31 December 2025

(484,618

)

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

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)

for and on behalf of Belluzzo Audit Limited

11.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate controlling party is Meccanica Fadini Srl, a company incorporated in Italy.

The smallest and largest group of undertakings for which group accounts have been drawn up is that headed by Meccanica Fadini Srl and copies are available at its registered office in Via Mantova 177/a, 37053 - Cerea (VR), Italy.