AV Old Compton Street Limited iXBRL

Company Registration Number: 15888960

AV Old Compton Street Limited

Financial Statements

for the financial period from 9 August 2024 (date of incorporation) to 31 December 2025

AV Old Compton Street Limited

Company Registration Number: 15888960

STATEMENT OF FINANCIAL POSITION

as at 31 December 2025

Dec 25

Notes

Fixed Assets

Tangible assets

369,205

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Current Assets

Stocks

20,382

Debtors

- amounts falling due after more than one year

72,000

- amounts falling due within one year

31,705

Cash and cash equivalents

136,500

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260,587

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Creditors: amounts falling due within one year

(329,977)

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Net Current Liabilities

(69,390)

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Total Assets less Current Liabilities

299,815

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Capital and Reserves

Called up share capital

500,000

Retained earnings

(200,185)

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Equity attributable to owners of the company

299,815

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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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

Approved by the Board and authorised for issue on 7 August 2026 and signed on its behalf by



Katarina Safai
Director

AV Old Compton Street Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial period from 9 August 2024 (date of incorporation) to 31 December 2025

General Information

AV Old Compton Street Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 15888960. The registered office of the company is 12 Bridewell Place, Third Floor East, London, EC4V 6AP, England. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover represents income from the sale of food and beverages through in-store sales, takeaway and delivery orders. Turnover is stated net of discounts, refunds and value added tax.

Revenue is recognised when the food or beverages are supplied to the customer or, for delivery orders, when the order is delivered to the customer, as this is the point at which the significant risks and rewards of ownership have transferred.

Where sales are made through third-party delivery platforms, turnover is recognised in accordance with the substance of the arrangement, with related platform commissions recognised as an expense where the company acts as principal.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Long leasehold property

6.67% Straight line

Fixtures, fittings and equipment

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of Financial Position bank overdrafts are shown within Creditors.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 16 month 23 days period from 9 August 2024 (date of incorporation) to 31 December 2025.

Going concern

The director has considered the company’s financial position and its ability to continue as a going concern. The company incurred an operating loss of £200,185 during the period ended 31 December 2025 and, at that date, had net current liabilities of £69,390. The company had net assets of £299,815 at 31 December 2025.

Included within current liabilities are amounts totalling £112,506 owed to the ultimate parent company AV Holding S.r,l.. This company has confirmed that it will not demand repayment of these amounts for a period of at least 12 months from the date on which these financial statements are approved and, thereafter, will only seek repayment when the company has sufficient resources to make repayment without adversely affecting its ability to meet its liabilities as they fall due.

The company is in the early stages of trading and incurred start-up costs during the period ended 31 December 2025. The management accounts for the six-month period ended 30 June 2026 show an improvement in trading performance, with the loss for that period reduced to approximately £42,000. Based on the company’s forecasts and cash-flow projections, the director expects this improvement in trading performance to continue as the business develops and moves towards profitability.

Having made due enquiries and considered the factors described above, including the company’s forecasts and cash-flow projections and the continued financial support of the director, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was qualified.

The financial statements were audited by Clinton Higgins.

The Auditor's Report was signed by Niall Clinton (Senior Statutory Auditor) for and on behalf of Clinton Higgins on 7th August 2026.

Provisions Available for Audits of Small Entities

In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to His Majesty's Revenue and Customs and to assist with the preparation of the financial statements.

Employees

The average monthly number of employees, including directors, during the financial period was 23.


8.	Tangible assets
		Long	Fixtures,	Total
		leasehold	fittings and
		property	equipment
		£	£	£
	Cost
	At 9 August 2024	-	-	-
	Additions	311,385	98,137	409,522
		─────────	─────────	─────────
	At 31 December 2025	311,385	98,137	409,522
		─────────	─────────	─────────
	Depreciation
	At 9 August 2024	-	-	-
	Charge for the financial period	20,769	19,548	40,317
		─────────	─────────	─────────
	At 31 December 2025	20,769	19,548	40,317
		─────────	─────────	─────────
	Net book value
	At 31 December 2025	290,616	78,589	369,205
		═════════	═════════	═════════


9.	Stocks	Dec 25
		£

	Finished goods and goods for resale	20,382
		═════════

10.

Debtors

Dec 25

Other debtors

74,200

Taxation (Note 12)

13,653

Prepayments and accrued income

15,852

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103,705

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Other debtors include a rent deposit of £72,000 paid under a licence agreement.

At the reporting date, the Company was committed under lease agreement expiring on 18 September 2040. The lease provides for annual rent of £120,000, an initial 12-month rent-free period and other contractual rental provisions.


	Amounts falling due after more than one year and included in debtors are:

		Dec 25
		£

	Other debtors	72,000
		═════════

11.

Creditors

Dec 25

Amounts falling due within one year

Trade creditors

82,394

Amounts owed to group undertakings (Note 14)

123,659

Taxation (Note 12)

12,593

Other creditors

53,536

Accruals

57,795

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329,977

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Trade creditors, other creditors and accruals are payable in accordance with standard commercial terms.

Taxation is payable in accordance with the statutory provisions.

Trading amounts owed to group undertakings are payable in accordance with standard commercial terms.

Finance amounts owed to group undertakings are unsecured, interest free and are repayable on demand.


12.	Taxation	Dec 25
		£

	Debtors:
	VAT	13,653
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	Creditors:
	PAYE / NI	12,593
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13.

Capital commitments

The company had no other material capital commitments at the financial period-ended 31 December 2025.

14.

Related party transactions

Transactions and balances with group companies:

Dec 25

All'Antico Vinaio Italia S.R.L.

Amount (owed to) All'Antico Vinaio Italia S.R.L.

(11,153)

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AV Holding S.R.L.

Amount (owed to) AV Holding S.R.L.

(112,506)

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During the financial period, the Company incurred expenses of £11,153 payable to AV Holding S.r.l. These expenses were accrued at 31 December 2025 and were subsequently invoiced by AV Holding S.r.l. The outstanding balance of £11,153 was fully repaid after the financial period end.

The transaction arose in the ordinary course of business and were conducted in accordance with standard commercial terms.

During the financial period, the Company received a loan of £112,506 from AV Holding S.R.L., the ultimate parent company, to fund the Company’s business requirements. The loan is unsecured, interest-free and repayable on demand.

15.

Controlling interest

Mr Mazzanti Tommaso own 100% of the share capital in the ultimate parent company AV Holding S.r.l. and is therefore considered both the controlling and ultimate controlling party.

16.

Parent and ultimate parent company

The company regards AV TJT LLC, a company incorporated in United States of America, with address at 355 W 46th Street, New York, NY 10036 as its parent company.

The company regards AV Holding S.r.l., a company incorporated in Italy, with address at Via Giovanni Del Pian Dei Carpini 96/6, Firenze, 50127 as its ultimate parent company.

17.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial period-end.