Company No: 00963793 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.10.2025		31.10.2024
		£		£
Fixed assets
Investment property	3	1,200,000		1,200,000
		1,200,000		1,200,000
Current assets
Stocks	4	968,487		990,304
Debtors	5	41,951		19,774
Cash at bank and in hand	6	695,574		623,784
		1,706,012		1,633,862
Creditors: amounts falling due within one year	7	( 52,290)		( 32,908)
Net current assets		1,653,722		1,600,954
Total assets less current liabilities		2,853,722		2,800,954
Creditors: amounts falling due after more than one year	8	( 720,811)		( 720,811)
Net assets		2,132,911		2,080,143
Capital and reserves
Called-up share capital	9	300,002		300,002
Revaluation reserve		703,145		703,145
Profit and loss account		1,129,764		1,076,996
Total shareholder's funds		2,132,911		2,080,143

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Mercatino Italiano Limited (registered number: 00963793) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J Goodman Director

22 June 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mercatino Italiano Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	31.10.2025		31.10.2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	3		2

3. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	1,200,000
As at 31 October 2025	1,200,000

Valuation

The fair value of the company's investment property at 31 October 2025 has been arrived at on the basis of valuations carried out on that date by the directors.

4. Stocks

	31.10.2025		31.10.2024
	£		£
Development land	968,487		990,304

5. Debtors

	31.10.2025		31.10.2024
	£		£
Other debtors	41,951		19,774

6. Cash and cash equivalents

	31.10.2025		31.10.2024
	£		£
Cash at bank and in hand	695,574		623,784

7. Creditors: amounts falling due within one year

	31.10.2025		31.10.2024
	£		£
Other taxation and social security	563		1,471
Other creditors	51,727		31,437
	52,290		32,908

8. Creditors: amounts falling due after more than one year

	31.10.2025		31.10.2024
	£		£
Bank loans (secured)	720,811		720,811

The bank loan is secured on freehold property of the Company with a carrying value of £1,200,000 (2024: £1,200,000 ).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.10.2025		31.10.2024
	£		£
Bank loans (secured)	720,811		720,811

9. Called-up share capital

	31.10.2025		31.10.2024
	£		£
Allotted, called-up and fully-paid
300,002 Ordinary shares of £ 1.00 each	300,002		300,002

10. Related party transactions

Transactions with the entity's directors

	31.10.2025		31.10.2024
	£		£
At the balance sheet date £21,010 was owed by the directors of the company. Interest is charged on the loan until the date of repayment.	21,010		1,000