Fiamma Inghilterra Limited

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

1. General Information

Fiamma Inghilterra Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13411757 . The registered office is 24 Fitzroy Square, London, W1T 6EP.

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.

These financial statements have been presented in Sterling (£) and rounded to the nearest pound.

Summary of Significant Accounting Policies and Key Accounting Estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These

policies have been consistently applied to all the years presented, unless otherwise stated.

Disclosure exemptions

The company is exempt from preparing a Statement of Cashflows as it is small.

Debtors

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.

Cash at bank and in hand

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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair

value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other

resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The Company has assessed the risks and took into account the higher costs for travel and accommodation of commercial personnel, and the potential decrease in revenues from countries affected by the war in Ukraine. In assessing whether the going concern basis is appropriate, the directors have considered current and future plans along with all mitigating measures that might be put in place.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and the financial statements do not include any adjustments that would be necessary if the going concern basis was not appropriate.

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Fiamma Inghilterra Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33.33% straight line

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the period was as follows: 1 (2024: 1)

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Fiamma Inghilterra Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	749

As at 31 December 2025	749

Depreciation
As at 1 January 2025	250
Provided during the period	249

As at 31 December 2025	499

Net Book Value
As at 31 December 2025	250

As at 1 January 2025	499

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	226	254
Other debtors	-	125
Amounts owed by group undertakings	77,853	14,457

	78,079	14,836

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	109	76
Corporation tax	96,985	78,472
Other taxes and social security	2,015	3,516
Accruals and deferred income	7,825	6,933
Amounts owed to related parties	242	-

	107,176	88,997

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Ultimate Controlling Party

The company's immediate parent is Fiamma S.P.A , incorporated in Italy, by virtue of its ownership of 100% of the issued share capital in the company. Copies of the group accounts may be obtained from the company directors. There is no controlling party.

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Fiamma Inghilterra Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Audit Information

The auditor's report on the accounts of Fiamma Inghilterra Limited for the year ended 31 December 2025 was unqualified.

The report was signed on 09/06/2026 .

The auditor's report was signed by Grace Pay (Senior Statutory Auditor) for and on behalf of UHY Ross Brooke , Statutory Auditor.

UHY Ross Brooke

Suite I Windrush Court

Abingdon Business Park

Abingdon

Oxfordshire

OX14 1SY

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		250		499

			250		499
CURRENT ASSETS
Debtors	5	78,079		14,836
Cash at bank and in hand		1,194,863		952,610

		1,272,942		967,446
Creditors: Amounts Falling Due Within One Year	6	(107,176 )		(88,997 )

NET CURRENT ASSETS (LIABILITIES)			1,165,766		878,449

TOTAL ASSETS LESS CURRENT LIABILITIES			1,166,016		878,948

NET ASSETS			1,166,016		878,948

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,165,916		878,848

SHAREHOLDERS' FUNDS			1,166,016		878,948