ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 15323850

FFI ANGEL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FFI ANGEL LIMITED

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FFI ANGEL LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025

You consider that the Company is exempt from an audit for the year ended 31 December 2025. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 9 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

Paperchase Business Services Ltd

The Courtyard

14A Sydenham Road

Croydon

London

CR0 2EE

29 July 2026

Page 1

FFI ANGEL LIMITED

REGISTERED NUMBER: 15323850

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		125,185		140,833
			125,185		140,833
Current assets
Debtors: amounts falling due within one year	5	61,220		48,824
Cash at bank and in hand	6	-		442
		61,220		49,266
Creditors: amounts falling due within one year	7	(139,127)		(153,620)
Net current liabilities			(77,907)		(104,354)
Total assets less current liabilities			47,278		36,479
Creditors: amounts falling due after more than one year	8		(90,000)		(126,667)

Net liabilities			(42,722)		(90,188)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(42,822)	(90,288)
	(42,722)	(90,188)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Page 2

FFI ANGEL LIMITED

REGISTERED NUMBER: 15323850

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

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

Filippo Giulio Gallenzi

Director

Date: 29 July 2026

The notes on pages 5 to 9 form part of these financial statements.

Page 3


		FFI ANGEL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the year
Loss for the year	-	(90,288)	(90,288)
Shares issued during the year	100	-	100

At 1 January 2025	100	(90,288)	(90,188)
Comprehensive income for the year
Profit for the year	-	47,466	47,466
At 31 December 2025	100	(42,822)	(42,722)

The notes on pages 5 to 9 form part of these financial statements.

Page 4

FFI ANGEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

FFI Angel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15323850. The registered office is 65 Old, Brompton Road, London, SW7 3JS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

FFI ANGEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold Improvement

10%

SLM

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

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.

2.8

Cash and cash equivalents

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.

2.9

Creditors

Short-term 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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 6

FFI ANGEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Leasehold Improvement
		£
	Cost or valuation
	At 1 January 2025	156,481
	At 31 December 2025	156,481
	Depreciation
	At 1 January 2025	15,648
	Charge for the year on owned assets	15,648
	At 31 December 2025	31,296
	Net book value
	At 31 December 2025	125,185
	At 31 December 2024	140,833

Debtors

					2025	2024
					£	£


Trade debtors	60,053	-
Other debtors	1,167	48,824
	61,220	48,824

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	-	442
Less: bank overdrafts	(1,008)	-
	(1,008)	442

Page 7

FFI ANGEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	1,008	-
Bank loans	40,000	40,000
Trade creditors	55,725	29,243
Amounts owed to group undertakings	42,394	82,877
Accruals	-	1,500
	139,127	153,620

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	90,000	126,667
	90,000	126,667

Amounts falling due within one year
Bank loans	40,000	40,000
	40,000	40,000
Amounts falling due 1-2 years
Bank loans	90,000	126,666
	90,000	126,666


	130,000	166,666

Page 8

FFI ANGEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	Related party transactions
	At 31 December 2025, the amount owed to FFM Pasta Co Ltd was £42,393.59 (2024: £82,877.08).

Page 9