Registration number: 12396805

Lavoropiu UK Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Lavoropiu UK Limited

Company Information

Director

Giovanni Freddi

Company secretary

Lea Secretaries Limited

Registered office

5th Floor North Side 7/10 Chandos Street London England W1G 9DQ

Auditors

Nordens Audit Limited The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY

Lavoropiu UK Limited

(Registration number: 12396805)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	176	173
Current assets
Debtors	5	14,042	23,611
Cash at bank and in hand		184,667	189,109
		198,709	212,720
Creditors: Amounts falling due within one year	6	(180,456)	(178,874)
Net current assets		18,253	33,846
Net assets		18,429	34,019
Capital and reserves
Called up share capital	7	5,000	5,000
Retained earnings		13,429	29,019
Shareholders' funds		18,429	34,019

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 July 2026
 

......................................... Giovanni Freddi Director

Lavoropiu UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5th Floor
North Side
7/10 Chandos Street
London
England
W1G 9DQ

These financial statements were authorised for issue by the director on 2 July 2026.

2	Accounting policies

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.

Key Judgements and estimates

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities.
The key areas of judgement and estimation uncertainty are as follows:

Recoverability of trade debtors - The company reviews the recoverability of trade debtors and makes provision for impairment where there is objective evidence of non-recovery.

Going concern - The preparation of the financial statements on a going concern basis requires the director to assess the company’s ability to continue trading, including consideration of support from the parent undertaking.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Lavoropiu UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Going concern

The financial statements have been prepared on a going concern basis.

The company made a loss of £15,590 during the year ended 31 December 2025 and, as at that date had net assets of £18,429.

The company has access to financial support from its parent undertaking, Lavoropiu Spa, including a loan of £165,881 which is interest free and repayable on demand. The directors have a reasonable expectation that this support will continue for the foreseeable future.

Based on cash flow forecasts and the continued support of the parent undertaking, the director considers it appropriate to prepare the financial statements on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 7 July 2026 was Lorraine Curtis BFP ACA FCCA, who signed for and on behalf of Nordens Audit Limited .

.........................................

Revenue recognition

Turnover represents amounts receivable for services provided during the year in the ordinary course of business.

Revenue from employment agency and human resource consultancy services is recognised in the period in which the services are provided, when the amount can be measured reliably and it is probable that economic benefits will flow to the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lavoropiu UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Lavoropiu UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 3 (2024 - 2).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2025	1,247	1,247
Additions	203	203
At 31 December 2025	1,450	1,450
Depreciation
At 1 January 2025	1,074	1,074
Charge for the year	200	200
At 31 December 2025	1,274	1,274
Carrying amount
At 31 December 2025	176	176
At 31 December 2024	173	173

Lavoropiu UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		10,912	3,378
Amounts owed by related parties	9	-	1,027
Prepayments		230	1,342
Other debtors		2,900	17,864
		14,042	23,611

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		508	2,320
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	165,881	164,627
Taxation and social security		2,543	999
Accruals and deferred income		11,292	10,574
Other creditors		232	354
		180,456	178,874

Amounts owed to group undertakings include the loan from the parent Lavoropiu Spa of £165,881 (2024: £164,627). The loan is interest free and payable on demand.

Lavoropiu UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	5,000	5,000	5,000	5,000

8	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £1,566 (2024: £1,638).

Contributions totalling £232 (2024: £354) were payable to the scheme at the end of the year and are included in creditors.

9	Related party transactions

Summary of transactions with parent

Lavoropiu Spa The company has taken advantage of the exemption under FRS 102 Section 1A not to disclose transactions with wholly owned group companies where applicable.

During the year, the company provided services to its parent undertaking, Lavoropiu Spa, amounting to £64,059 (2024: £63,114).

At the balance sheet date, the amount owed by the company to the parent undertaking was £165,881 (2024: £164,627). This balance is unsecured, interest free and repayable on demand.

The transactions were undertaken on normal commercial terms.

10	Parent and ultimate parent undertaking

The company's immediate parent is Lavoropiu Spa, incorporated in Italy.

 The ultimate parent is Lavoropiu Holding Srl, incorporated in Italy.

  Copies of the consolidated financial statements can be obtained from Piazza San Martino 1, 40126 Bologna, Italy The smallest and largest group in which the results of the company are consolidated is that headed by Lavoropiu Holding Srl.