Registration number: 07893454

Bichford Investments Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Bichford Investments Ltd

(Registration number: 07893454)
Balance Sheet as at 31 December 2025

	Note	2025 €	(As restated) 2024 €
Fixed assets
Investment property	4	681,300	681,300
Current assets
Debtors		1,284	1,359
Cash at bank and in hand		27,727	33,712
		29,011	35,071
Creditors: Amounts falling due within one year	5	(714,073)	(717,125)
Net current liabilities		(685,062)	(682,054)
Net liabilities		(3,762)	(754)
Capital and reserves
Called up share capital		1,198	1,198
Retained earnings		(4,960)	(1,952)
Shareholders' deficit		(3,762)	(754)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2026
 

......................................... N R Hogan Director

Bichford Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ

These financial statements were authorised for issue by the director on 16 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is Euros.

Going concern

The financial statements have been prepared on a going concern basis.

Reclassification of comparative amounts

Foreign tax charge €6,037.55 previously included within administrative expenses, have been reclassified to taxation in the comparative period. The reclassification has no impact on the loss for the financial year, net liabilities, retained earnings, or total equity as previously reported.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from investment properties is recognised in accordance with the terms of the rental agreements.

Bichford Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Bichford Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Investment properties

	31 December 2025 €
At 1 January	681,300

Freehold investment property represent properties situated in Napoli, Italy. As at the year end the fair value of the property remains unchanged as valued by the director as at 31 December 2025.

 

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 €	2024 €
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	6	710,113	-
Other creditors		3,960	717,125
		714,073	717,125

6	Related party transactions

Summary of transactions with other related parties

Impresa Holding S.r.l - shareholder During the year, the shareholder loan was assigned to Impera Holding S.r.l, following the acquisition of the
company's issued share capital.

At 31 December 2025, the balance due to Impera Holding S.r.l amounted to €710,113 (2024:€710,113 due to
the former shareholder). The loan is unsecured, interest free and has no fixed repayment date.

7	Parent and ultimate parent undertaking

On 01 August 2025 Impera Holding S.r.l a company incorporated in Italy, acquired 100% of the issued share
capital of the company and became its immediate and ultimate parent undertaking.



 The company's immediate parent is Impera Holding S.r.l, incorporated in Italy.