REGISTERED NUMBER: 00582564 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

RUBELLI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A G Castagnetti

N Favaretto Rubelli

REGISTERED OFFICE:

Units G9A & G9B

Design Centre East

Chelsea Harbour

London

SW10 0XF

REGISTERED NUMBER:

00582564 (England and Wales)

AUDITORS:

N7 Accountants Limited

Statutory Auditors

Central House

1 Ballards Lane

London

N31LQ

FIXED ASSETS

Property, plant and equipment

4

97,491

28,113

CURRENT ASSETS

Inventories

46,805

98,467

Debtors

5

209,088

193,326

Cash at bank and in hand

62,616

50,210

318,509

342,003

CREDITORS

Amounts falling due within one year

6

(548,766

)

(380,213

)

NET CURRENT LIABILITIES

(230,257

)

(38,210

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(132,766

)

(10,097

)

PROVISIONS FOR LIABILITIES

(2,852

)

(2,852

)

NET LIABILITIES

(135,618

)

(12,949

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserves

1,000

1,000

Retained earnings

(137,618

)

(14,949

)

(135,618

)

(12,949

)

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 Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by:

N Favaretto Rubelli - Director

1.	STATUTORY INFORMATION

Rubelli Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The

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

Going Concern

The Company incurred a loss of £122,669 for the year ended 31 December 2025, and, as that date the Company's current liabilities exceeded its current assets by £230,257.The Company is dependent upon the continuing financial support of its shareholder without which these would be significant doubt about its ability to continue as a going concern as well as its ability to realise its assets and discharge its liabilities in the ordinary course of business. The shareholder has indicated his 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings - 11.4 % straight line

Fixtures and fittings - 15 % straight line

Computer equipment - 30 % straight line

Stocks

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

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.

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.

Creditors

Short term trade 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

25,680

139,106

164,786

Additions

18,400

75,405

93,805

At 31 December 2025

44,080

214,511

258,591

DEPRECIATION

At 1 January 2025

21,713

114,960

136,673

Charge for year

2,768

21,659

24,427

At 31 December 2025

24,481

136,619

161,100

NET BOOK VALUE

At 31 December 2025

19,599

77,892

97,491

At 31 December 2024

3,967

24,146

28,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,712

4,278

Amounts owed by group undertakings

52,546

45,355

Other debtors

148,830

143,693

209,088

193,326

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,626

5,467

Amounts owed to group undertakings

511,087

346,050

Taxation and social security

7,273

7,508

Other creditors

19,780

21,188

548,766

380,213

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

313,728

222,180

Between one and five years

561,453

885,943

875,181

1,108,123

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

The Report of the Auditors was unqualified.

Evangelos Charalambous (Senior Statutory Auditor)

for and on behalf of N7 Accountants Limited

9.	RELATED PARTY DISCLOSURES

The company is related to Rubelli S.p.A by virtue of Rubelli S.p.A being its immediate parent company.

The company has taken advantage of the exemption under Financial Reporting Standard 102 section 33 related parties not to disclose transactions with other wholly owned group companies on the basis that group accounts are prepared.

10.	POST BALANCE SHEET EVENTS

No events have occurred after the reporting period that would require adjustment to or disclosure in the financial statements. Management has assessed subsequent events through the date of authorization for issue and confirmed that there were no material non-adjusting or adjusting events to report.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking and controlling party is Rubelli S.p.A., a company incorporated in Italy. The ultimate parent undertaking is Ciprofin srl, a company also incorporated in Italy.

Ciprofin srl is the group which includes Rubelli Limited in its consolidated financial statements. Copies of the consolidated financial statements in which the company is included are available from its registered office at: San Marco 2757, 30124 Venezia, Italy.