Flying Urna Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15763552

		30 April 2026		30 April 2025
	Notes	€	€	€	€
FIXED ASSETS
Investments	4		52,000		24,500

			52,000		24,500
CURRENT ASSETS
Debtors	5	350,000		-
Investments	6	252,350		252,350
Cash at bank and in hand		115,729		74,224

		718,079		326,574
Creditors: Amounts Falling Due Within One Year	7	(34,845 )		(11,287 )

NET CURRENT ASSETS (LIABILITIES)			683,234		315,287

TOTAL ASSETS LESS CURRENT LIABILITIES			735,234		339,787

Creditors: Amounts Falling Due After More Than One Year	8		(201,681 )		(300,132 )

NET ASSETS			533,553		39,655

CAPITAL AND RESERVES
Called up share capital	9		58,712		58,712
Profit and Loss Account			474,841		(19,057 )

SHAREHOLDERS' FUNDS			533,553		39,655

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Flying Urna Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Valentina Perdoni

Director

09/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Flying Urna Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15763552 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.4.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group

companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

...CONTINUED

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Flying Urna Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.4. - continued

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Investments

Investment are recognised at cost.

2.5. Preparation of consolidated financial statements

The financial statements contain information about Flying Urna Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The company and its subsidiary comprise of a small sized group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Investments

	Subsidiaries	Associates	Total
	€	€	€
Cost or Valuation
As at 1 May 2025	-	24,500	24,500
Additions	50,000	2,000	52,000
Revaluations	-	(24,500 )	(24,500 )

As at 30 April 2026	50,000	2,000	52,000

Provision
As at 1 May 2025	-	-	-

As at 30 April 2026	-	-	-

Net Book Value
As at 30 April 2026	50,000	2,000	52,000

As at 1 May 2025	-	24,500	24,500

Associates

B-Onze Mix 4 Lda

Percentage 100%

31/12/2025 31/12/2024

Aggregate Capital €725,859 €197,031

Profit €528,828 €230,932

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Flying Urna Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Debtors

	30 April 2026	30 April 2025
	€	€
Due within one year
Amounts owed by participating interests	100,000	-
Other debtors	250,000	-

	350,000	-

6. Current Asset Investments

	30 April 2026	30 April 2025
	€	€
Unlisted investments	252,350	252,350

7. Creditors: Amounts Falling Due Within One Year

	30 April 2026	30 April 2025
	€	€
Trade creditors	2,779	-
Other creditors	32,066	11,287

	34,845	11,287

8. Creditors: Amounts Falling Due After More Than One Year

	30 April 2026	30 April 2025
	€	€
Other loans	201,681	300,132

The loan expires on 31.03.2030 - interest bearing.

9. Share Capital

	30 April 2026	30 April 2025
	€	€
Allotted, Called up and fully paid	58,712	58,712

50,000 Ordinary shares of £1 each.

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Alessandro Beltrami by virtue of his ownership of 80 % of the issued share capital in the company.

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