Furrer UK Ltd

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—7

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Furrer UK Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 09556595

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,760		-

			12,760		-
CURRENT ASSETS
Debtors	5	415,160		879,979
Cash at bank and in hand		140,531		73,330

		555,691		953,309
Creditors: Amounts Falling Due Within One Year	6	(306,925 )		(774,586 )

NET CURRENT ASSETS (LIABILITIES)			248,766		178,723

TOTAL ASSETS LESS CURRENT LIABILITIES			261,526		178,723

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,190 )		-

NET ASSETS			258,336		178,723

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			257,336		177,723

SHAREHOLDERS' FUNDS			258,336		178,723

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gino Mazzi

Director

02/07/2026

The notes on pages 3 to 7 form part of these financial statements.

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Furrer UK Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Furrer UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09556595 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” 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 amounts are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have reviewed the company’s forecasts and projections, including expected cash flows and funding requirements, and have considered the availability of financial support and other mitigating factors.

Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in business for at least twelve months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Revenue Recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;

it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Construction Contracts

Where the company undertakes long-term contracts for bespoke stonework and installation, contract revenue and costs are recognised in accordance with the stage of completion of the contract activity at the reporting date. Expected losses on contracts are recognised immediately when identified.

Work in progress is stated at cost plus attributable profit less foreseeable losses and progress billings. Cost includes direct materials, labour, and attributable overheads.

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:

Plant & Machinery

20% SL

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Furrer UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. In such cases, the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets classified as receivable within one year are not amortised.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities

Basic financial liabilities, including trade creditors, bank loans, and other loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, in which case the liability is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost using the effective interest method.

Trade creditors are obligations to pay for goods or services acquired in the ordinary course of business. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. 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.

...CONTINUED

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Furrer UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Taxation - continued

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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. Provisions and Contingencies

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.10. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	-
Additions	15,312

As at 31 December 2025	15,312

Depreciation
As at 1 January 2025	-
Provided during the period	2,552

As at 31 December 2025	2,552

Net Book Value
As at 31 December 2025	12,760

As at 1 January 2025	-

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Furrer UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	72,524	111,519
Prepayments and accrued income	205,313	396,693
Other debtors	438	438
Gross amounts owed by contract customers	135,000	369,788
VAT	1,244	900
Amounts owed by group undertakings	641	641

	415,160	879,979

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	96,239	40,460
Corporation tax	23,348	7,119
Accruals and deferred income	7,290	269,529
Gross amounts due to contract customers	180,048	457,478

	306,925	774,586

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 1.000 each	1,000	1,000

8. Related Party Disclosures

The company has taken advantage of the exemption under FRS 102 Section 1A paragraph 1AC.35 not to disclose transactions entered into with wholly owned group undertakings. This exemption applies as the company is included in the consolidated financial statements of its parent undertaking, which are publicly available.

9. Controlling Parties

The company's immediate parent undertaking is Furrer SPA. The registered address of the immediate parent is Via Covetta, 2, 54033 Carrara MS, Italy.

10. Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

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Furrer UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Audit Information

The auditor's report on the accounts of Furrer UK Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Janak Raj Pokhrel (Senior Statutory Auditor) for and on behalf of Mantax Lynton Chartered Accountants , Statutory Auditor.

Mantax Lynton Chartered Accountants

Suite 207, Equitable House

7 General Gordon Square

London

SE18 6FH

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Director	Mr Gino Mazzi

Company Number	09556595

Registered Office	19 The Circle
	Queen Elizabeth Street
	London
	SE1 2JE

Accountants	Tax and Advise Ltd
	19 The Circle
	Queen Elizabeth Street
	London
	SE1 2JE

Auditors	Mantax Lynton Chartered Accountants
	Suite 207, Equitable House
	7 General Gordon Square
	London
	SE18 6FH