LIGABUE UK LIMITED 31/12/2025 iXBRL

Company registration number: 12707988

LIGABUE UK LIMITED

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

LIGABUE UK LIMITED

Contents

Directors and other information

Director's responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

LIGABUE UK LIMITED

Directors and other information


	Director	Mr Frederic Marie Deodato


	Company number	12707988


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


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


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




	Bankers	Intesa Sanpaolo
		90 Queen Street
		London
		EC4N 1SA

LIGABUE UK LIMITED

Director's responsibilities statement

Year ended 31 December 2025

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless is 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 director is 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 director is 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 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.

LIGABUE UK LIMITED

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Current assets
Debtors	8	5,047		14,853
Cash at bank and in hand		13,947		33,854
		_______		_______
		18,994		48,707
Creditors: amounts falling due
within one year	10	( 90,514)		( 57,793)
		_______		_______
Net current liabilities			( 71,520)		( 9,086)
			_______		_______
Total assets less current liabilities			( 71,520)		( 9,086)

			_______		_______
Net liabilities			( 71,520)		( 9,086)
			_______		_______

Capital and reserves
Called up share capital			200,000		200,000
Profit and loss account			( 271,520)		( 209,086)
			_______		_______
Shareholders deficit			( 71,520)		( 9,086)
			_______		_______

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 13 March 2026 , and are signed on behalf of the board by:

Mr Frederic Marie Deodato

Director

Company registration number: 12707988

LIGABUE UK LIMITED

Statement of changes in equity

Year ended 31 December 2025

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


At 1 January 2024	1,000	( 146,555)	( 145,555)

Loss for the year		( 62,531)	( 62,531)
	_______	_______	_______
Total comprehensive income for the year	-	( 62,531)	( 62,531)

Issue of shares	199,000		199,000
	_______	_______	_______
Total investments by and distributions to owners	199,000	-	199,000

	_______	_______	_______
At 31 December 2024 and 1 January 2025	200,000	( 209,086)	( 9,086)

Loss for the year		( 62,434)	( 62,434)
	_______	_______	_______
Total comprehensive income for the year	-	( 62,434)	( 62,434)

	_______	_______	_______
At 31 December 2025	200,000	( 271,520)	( 71,520)
	_______	_______	_______

LIGABUE UK LIMITED

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. 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 supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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.

4. Operating loss

Operating loss is stated after charging/(crediting):

	2025	2024
	£	£
Foreign exchange differences	53	6,186
Fees payable for the audit of the financial statements	3,750	3,250
	_______	_______

5. Auditors remuneration

	2025	2024
	£	£
Fees payable to Pearlman Rose
Fees payable for the audit of the financial statements	3,750	3,250
	_______	_______

6. Staff costs

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	35,000	35,863
Other pension costs	863	3,894
	_______	_______
	35,863	39,757
	_______	_______

7. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

8. Debtors

	2025	2024
	£	£
Trade debtors	766	766
Other debtors	4,281	14,087
	_______	_______
	5,047	14,853
	_______	_______

9. Cash and cash equivalents

	2025	2024
	£	£
Cash at bank and in hand	13,947	33,854
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,565	5,565
Other creditors	84,949	52,228
	_______	_______
	90,514	57,793
	_______	_______

11. Summary audit opinion

The auditor's report dated 13 March 2026 was unqualified.

The senior statutory auditor was Mohammad Jilani for and on behalf of Pearlman Rose

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Ligabue SPA	35,846	46,900	82,746	46,900
	_______	_______	_______	_______

During the year ended 31 December 2025, the company entered into transactions with its related party Ligabue S.p.A.. At the balance sheet date, the company owed £82,746 to Ligabue S.p.A. (2024: £46,900). The balance comprises: £35,000 relating to a loan advanced by Ligabue S.p.A. to the company; £39,603 relating to dividends declared and payable to Ligabue S.p.A.; and The remaining balance relating to various operating expenses and supplier invoices settled by Ligabue S.p.A. on behalf of the company during the year. Transactions with the related party were undertaken in the normal course of business and on arm’s length terms.

13. Controlling party

The company is a wholly owned subsidiary of Ligabue S.p.a. which is the ultimate controlling party.