NUOVA DEROMA UK LTD 31/12/2025 iXBRL

Company registration number: 13310197

NUOVA DEROMA UK LTD

Filleted financial statements

31 December 2025

Pearlman Rose

Chartered Accountants & Statutory Auditors

Suite 1, First Floor

Jack Dash House

2 Lawn House Close

London, E14 9YQ

NUOVA DEROMA UK LTD

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

NUOVA DEROMA UK LTD

Directors and other information


	Directors	Mr Arvid Herluf Lennart Fredrik Trolle
		Mr Stewart Edward Murray Higginson


	Company number	13310197


	Registered office	19 The Circle
		Queen Elizabeth Street
		London
		England
		SE1 2JE
		United Kingdom


	Auditor	Pearlman Rose
		Chartered Accountants & Statutory Auditors
		Suite 1, First Floor
		Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ


	Accountants	Tax & Advice
		19 The Circle
		Quen Elizabeth Street
		London
		SE1 2JE

NUOVA DEROMA UK LTD

Directors responsibilities statement

Year ended 31 December 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

NUOVA DEROMA UK LTD

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	7	49,209		33,777
Tangible assets	8	15,760		22,649
		_______		_______
			64,969		56,426

Current assets
Stocks		1,816,514		1,580,287
Debtors	9	1,259,072		690,865
Cash at bank and in hand		349,602		73,248
		_______		_______
		3,425,188		2,344,400
Creditors: amounts falling due
within one year	10	( 2,519,829)		( 1,586,971)
		_______		_______
Net current assets			905,359		757,429
			_______		_______
Total assets less current liabilities			970,328		813,855

Creditors: amounts falling due
after more than one year	11		( 2,546,229)		( 1,899,783)
			_______		_______
Net liabilities			( 1,575,901)		( 1,085,928)
			_______		_______

Capital and reserves
Called up share capital	12		100		100
Profit and loss account			( 1,576,001)		( 1,086,028)
			_______		_______
Shareholders deficit			( 1,575,901)		( 1,085,928)
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

Mr Stewart Edward Murray Higginson Mr Arvid Herluf Lennart Fredrik Trolle

Director Director

Company registration number: 13310197

NUOVA DEROMA UK LTD

Statement of changes in equity

Year ended 31 December 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2024	100	( 501,221)	( 501,121)

Loss for the year		( 584,807)	( 584,807)
	_______	_______	_______
Total comprehensive income for the year	-	( 584,807)	( 584,807)

	_______	_______	_______
At 31 December 2024 and 1 January 2025	100	( 1,086,028)	( 1,085,928)

Loss for the year		( 489,973)	( 489,973)
	_______	_______	_______
Total comprehensive income for the year	-	( 489,973)	( 489,973)

	_______	_______	_______
At 31 December 2025	100	( 1,576,001)	( 1,575,901)
	_______	_______	_______

NUOVA DEROMA UK LTD

Notes to the financial statements

Year ended 31 December 2025

1. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods s

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Software License	-	12.5 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

2. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	1,837,653	1,928,926
Other income	6,600	-
	_______	_______
	1,844,253	1,928,926
	_______	_______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

3. Operating loss

Operating loss is stated after charging/(crediting):

	2025	2024
	£	£
Amortisation of intangible assets	10,152	5,576
Depreciation of tangible assets	6,889	6,616
Research and development expenditure written off	104,742	69,756
Operating lease rentals	386,376	276,829
Foreign exchange differences	63,123	34,682
Fees payable for the audit of the financial statements	8,750	-
	_______	_______

4. Auditors remuneration

	2025	2024
	£	£
Fees payable to Pearlman Rose
Fees payable for the audit of the financial statements	6,750	-
	_______	_______

5. Staff costs

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	769,870	919,671
Social security costs	85,468	-
Other pension costs	16,316	-
	_______	_______
	871,654	919,671
	_______	_______

6. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 22 ).

7. Intangible assets

	Software License	Total
	£	£
Cost
At 1 January 2025	50,213	50,213
Additions	25,584	25,584
	_______	_______
At 31 December 2025	75,797	75,797
	_______	_______
Amortisation
At 1 January 2025	16,436	16,436
Charge for the year	10,152	10,152
	_______	_______
At 31 December 2025	26,588	26,588
	_______	_______
Carrying amount
At 31 December 2025	49,209	49,209
	_______	_______
At 31 December 2024	33,777	33,777
	_______	_______

8. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025 and 31 December 2025	3,695	13,737	26,625	44,057
	_______	_______	_______	_______
Depreciation
At 1 January 2025	1,291	2,289	17,828	21,408
Charge for the year	370	1,241	5,278	6,889
	_______	_______	_______	_______
At 31 December 2025	1,661	3,530	23,106	28,297
	_______	_______	_______	_______
Carrying amount
At 31 December 2025	2,034	10,207	3,519	15,760
	_______	_______	_______	_______
At 31 December 2024	2,404	11,448	8,797	22,649
	_______	_______	_______	_______

9. Debtors

	2025	2024
	£	£
Trade debtors	1,004,400	550,736
Other debtors	254,672	140,129
	_______	_______
	1,259,072	690,865
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	129,822	244,876
Social security and other taxes	124,700	119,181
Other creditors	2,265,307	1,222,914
	_______	_______
	2,519,829	1,586,971
	_______	_______

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,546,229	1,899,783
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

13. Summary audit opinion

The auditor's report dated 24 July 2026 was unqualified.

The statutory auditor was Pearlman Rose

14. Related party transactions

The Company Nuova Deroma S.P.A. is incorporated in Italy and is holding company of Nuova Deroma UK LTD.During the year, the company received additional funding from Nuova Deroma S.P.A. of £646,446 (2024: £377,962), increasing the year-ended balance to £2,546,229 (2024 : £1,899,783). Which is included in note 14 above.

15. Controlling party

The Company's ultimate controlling party is Mr Mads Videbaek by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.The Company's ultimate controlling party is Mr Eric Jakob Carl Kjellberg by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.The Company's ultimate controlling party is Mr Arvid Trolle by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.