REGISTERED NUMBER: 09882933 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ROMEO LONDON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Romeo

A Romeo

D Romeo

REGISTERED OFFICE:

7-10 Old Park Lane

London

W1K 1QR

REGISTERED NUMBER:

09882933 (England and Wales)

FIXED ASSETS

Tangible assets

4

7,235

12,561

Investment property

5

-

138,275,030

7,235

138,287,591

CURRENT ASSETS

Debtors

6

808,581

2,269,545

Cash at bank

99,805,396

508,007

100,613,977

2,777,552

CREDITORS

Amounts falling due within one year

7

(19,262,056

)

(552,834

)

NET CURRENT ASSETS

81,351,921

2,224,718

TOTAL ASSETS LESS CURRENT LIABILITIES

81,359,156

140,512,309

PROVISIONS FOR LIABILITIES

-

(5,395,689

)

NET ASSETS

81,359,156

135,116,620

CAPITAL AND RESERVES

Called up share capital

8

103,270,000

103,270,000

Fair value reserve

9

-

23,251,870

Retained earnings

(21,910,844

)

8,594,750

SHAREHOLDERS' FUNDS

81,359,156

135,116,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

A Romeo - Director

1.	STATUTORY INFORMATION

Romeo London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned members within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% straight line

Fixtures and fittings - 20% straight line

Computer equipment - 33.33% straight line

An item of Property, Plant & Machinery is recognized if a future economic benefit associated with item will flow to the entity and the cost of the item can be measured reliably.

After initial recognition assets are depreciated over their estimated useful life on a straight line basis.

Tangible assets are derecognised on disposal or when no future economic benefit is expected from its use or disposal.

On derecognition a gain or loss is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item and is recognized in the income statement.

Investment property

Investment property are carried at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

On disposal of an investment property, the carrying amount is removed from the balance sheet and the net proceeds of disposal are recognised in profit or loss.

Financial instruments

Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, prepayments, accrued income and cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable, prepayments, accrued income and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables, corporation tax, accruals and deferred income. These are initially recognised at transaction price.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

16,228

Additions

2,700

Impairments

(3,733

)

At 31 December 2025

15,195

DEPRECIATION

At 1 January 2025

3,667

Charge for year

4,293

At 31 December 2025

7,960

NET BOOK VALUE

At 31 December 2025

7,235

At 31 December 2024

12,561

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

138,275,030

Disposals

(138,275,030

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

138,275,030

During the year, the company sold its investment property carried at fair value and recognised a loss on sale of £52,875,030.

The loss has been recognised in full in the Profit or Loss.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

808,581

2,269,545

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,182,401

177,136

Taxation and social security

16,877,070

640

Other creditors

202,585

375,058

19,262,056

552,834

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

103,270,000

Ordinary

1

103,270,000

103,270,000

9.

RESERVES

Fair

value

reserve

£

At 1 January 2025

23,251,870

Revaluation in the year

(23,251,870

)

At 31 December 2025

-

10.	POST BALANCE SHEET EVENTS

Following the year end, the company's £1 ordinary share capital of £103,270 was reduced to £28,270 by way of member's special resolution, in accordance with the Companies Act 2006.

11.	ULTIMATE CONTROLLING PARTY

Romeo Partecipazioni S.p.A. (incorporated in Italy) is the immediate and ultimate parent company of Romeo London Limited by virtue of its 100% shareholding.

Romeo Partecipazioni S.p.A. produces consolidated financial statements and copies are available at their registered address in Italy, Via Giovanni Porzio 4, 80143 Napoli.