MONNALISA UK LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11770251

MONNALISA UK LTD

Filleted Financial Statements

31 December 2025

MONNALISA UK LTD

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	19,039	23,743

Current assets

Stocks		110,456	83,663
Debtors	7	149,623	80,903
Cash at bank and in hand		10,510	9,080
		---------	---------
		270,589	173,646

Creditors: amounts falling due within one year	8	1,603,530	1,115,813
		------------	------------
Net current liabilities		1,332,941	942,167
		------------	---------
Total assets less current liabilities		( 1,313,902)	( 918,424)
		------------	---------
Net liabilities		( 1,313,902)	( 918,424)
		------------	---------

Capital and reserves

Called up share capital	9	199,993	199,993
Profit and loss account		( 1,513,895)	( 1,118,417)
		------------	------------
Shareholders deficit		( 1,313,902)	( 918,424)
		------------	------------

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 income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Mr Matteo Tugliani
Director

Company registration number: 11770251

MONNALISA UK LTD

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 and Wales. The address of the registered office is Unit 2 Bedford Mews, London, N2 9DF, UK.

2. Statement of compliance

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

3. 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. The comparative period presented is the period from 01 January 2024 to 31 December 2024 and the amounts are therefore not entirely comparable.

Going concern

The director has assessed the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. Having regard to the company's net current asset position, its cash resources and its trading forecasts, the director considers it appropriate to prepare the financial statements on the going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, which are described as part of the notes to the financial statements, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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 revalued amounts, 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:

	Other intangible assets	-	20 % 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Plant and machinery	-	20% straight line
Equipment	-	20 % straight line
Shop furniture	-	20 % straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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 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 stock to its present location and condition.

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 as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Intangible assets

	Intangible asset user defined 2
	£
Cost
At 1 January 2025 and 31 December 2025	12,238
	--------
Amortisation
At 1 January 2025 and 31 December 2025	12,238
	--------
Carrying amount
At 31 December 2025	–
	--------
At 31 December 2024	–
	--------

6. Tangible assets

	Plant and machinery	Equipment	User defined asset	Total
	£	£	£	£
Cost
At 1 January 2025 and 31 December 2025	18,014	12,225	36,135	66,374
	--------	--------	--------	--------
Depreciation
At 1 January 2025	14,636	12,225	15,770	42,631
Charge for the year	3,378	–	1,326	4,704
	--------	--------	--------	--------
At 31 December 2025	18,014	12,225	17,096	47,335
	--------	--------	--------	--------
Carrying amount
At 31 December 2025	–	–	19,039	19,039
	--------	--------	--------	--------
At 31 December 2024	3,378	–	20,365	23,743
	--------	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	84,363	21,655
Other debtors	65,260	59,248
	---------	--------
	149,623	80,903
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	997,616	1,058,202
Social security and other taxes	2,736	2,448
Parent company loan	553,650	–
Other creditors	49,528	55,163
	------------	------------
	1,603,530	1,115,813
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	199,993	199,993	199,993	199,993
	---------	---------	---------	---------

10. Summary audit opinion

The auditor's report dated 10 September 2026 was unqualified , however, the auditor drew attention to the following by way of emphasis.

The corresponding amounts presented for the period from 01 January 2024 to 31 December 2024 are unaudited.

The senior statutory auditor was Faustino Franco , for and on behalf of Perlin Franco LTD .

11. Director's advances, credits and guarantees

The Loan from the director is interest free and repayable on demand

12. Related party transactions

At the period end, the company had the following balances with related parties: Monnalisa S.P.A Relationship: Parent Company Amount due to: £553,650.07

13. Ultimate controlling party

The company is controlled by the parent company Monnalisa S.P.A, by virtue of its 100% shareholding in the company. The parent company is incorporated in Italy. Registered office address is Via Madame Curie 7, 52100 Arezzo (AR), Italy.