Company registration number 07697495 (England and Wales)
DEENOVA UK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DEENOVA UK LIMITED
COMPANY INFORMATION
Directors
S Solari
Mr S Palmieri
(Appointed 14 May 2025)
Company number
07697495
Registered office
2 Upperton Gardens
Eastbourne
East Sussex
United Kingdom
BN21 2AH
Auditor
Xeinadin Audit Limited
8th Floor
Becket House
London
Middlesex
EC2R 8DD
DEENOVA UK LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 7
DEENOVA UK LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The director presents his report with the financial statements of the company for the period 1 January 2025 to 31 December 2025.

The principal activity of the company in the period under review was that of the provision of pharmaceutical dispensary products.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

S Solari
Mr S Palmieri
(Appointed 14 May 2025)
Auditor

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
S Solari
Mr S Palmieri
Director
Director
19 May 2026
DEENOVA UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
100,234
113,818
Tangible assets
5
1,440,843
186,598
1,541,077
300,416
Current assets
Stocks
376,396
-
Debtors
6
80,088
1,324,811
Cash at bank and in hand
1,659,637
6,174
2,116,121
1,330,985
Creditors: amounts falling due within one year
7
(2,671,165)
(1,105,438)
Net current (liabilities)/assets
(555,044)
225,547
Total assets less current liabilities
986,033
525,963
Provisions for liabilities
(62,293)
(46,650)
Net assets
923,740
479,313
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
923,640
479,213
Total equity
923,740
479,313

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 May 2026 and are signed on its behalf by:
S Solari
Mr S Palmieri
Director
Director
Company registration number 07697495 (England and Wales)
DEENOVA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Deenova UK 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.

1.1
Basis of preparation

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 a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets other than goodwill

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
being amortised evenly over their estimated useful life of twenty years.
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over 15 years
Plant and machinery
Straight line over 4 years
Computer equipment
Straight line over 3 years

Computer Equipment for project Straight line over 12 years

Plant and Machinery for project Straight line over 12 years

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.

DEENOVA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Cash and cash equivalents

Cash and equivalents comprise cash in hand and current balances with banks and similar institutions, which are readily convertible to known amounts of cash.

Due to their nature and short-term maturity, the fair values for cash and equivalents are estimated using their carrying values.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
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.

The company runs a workplace pension scheme.

1.9

Trade debtors and creditors

Debtors are carried at their original invoice amount less an estimate made for any doubtful receivables based on a review of all outstanding amounts at the year end, taking into account the nature, value and age of debts.

Creditors are carried at their original invoice value.

2
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
7,455
7,100
DEENOVA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
15
13
4
Intangible fixed assets
Development costs
£
Cost
At 1 January 2025 and 31 December 2025
271,678
Amortisation and impairment
At 1 January 2025
157,860
Amortisation charged for the year
13,584
At 31 December 2025
171,444
Carrying amount
At 31 December 2025
100,234
At 31 December 2024
113,818
5
Tangible fixed assets
Leasehold improvements
Plant and machinery
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2025
-
0
310,932
7,161
318,093
Additions
1,276,794
154,081
2,198
1,433,073
Disposals
-
0
(26,140)
-
0
(26,140)
At 31 December 2025
1,276,794
438,873
9,359
1,725,026
Depreciation and impairment
At 1 January 2025
-
0
129,102
2,393
131,495
Depreciation charged in the year
85,120
68,324
1,422
154,866
Eliminated in respect of disposals
-
0
(2,178)
-
0
(2,178)
At 31 December 2025
85,120
195,248
3,815
284,183
Carrying amount
At 31 December 2025
1,191,674
243,625
5,544
1,440,843
At 31 December 2024
-
0
181,830
4,768
186,598
DEENOVA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,645
557,400
Corporation tax recoverable
-
0
31,167
Other debtors
43,362
43,682
Prepayments and accrued income
31,081
692,562
80,088
1,324,811
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
211,054
8,305
Amounts owed to group undertakings
1,757,681
869,646
Corporation tax
165,841
3,628
Other taxation and social security
213,624
87,471
Other creditors
6,325
4,759
Accruals and deferred income
316,640
131,629
2,671,165
1,105,438
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Andrew Hill FCA
Statutory Auditor:
Xeinadin Audit Limited
Date of audit report:
29 June 2026
9
Related party transactions
Balances with related parties

During the year the company traded with Deenova S PA (formerly Deenova Srl) a company holding shares in Deenova UK Limited.

DEENOVA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Related party transactions
(Continued)
- 7 -
Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
Deenova SPA
-
0
-
0
1,757,681
869,646
10
Directors' transactions

The following advances and credits to a director subsisted during the year ended 31 December 202 5 and the year ended 31 December 202 4:

% Rate
Opening balance
Closing balance
£
£
Mr S Palmieri - S Solari
-
168
168
168
168
11
Parent company

The direct parent company is Deenova S PA based in Italy. The ultimate controlling party is Mr Sergio Giglio.

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