Registration number: 06030564

RENE' CAOVILLA LIMITED

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

RENE' CAOVILLA LIMITED

Company Information

Director

Alberto Fumagalli

Registered office

5th Floor, North Side 7/10 Chandos Street Cavendish Square London W1G 9DQ

Auditors

DTL Auditors Limited Registered auditors5th Floor, North Side 7-10 Chandos Street Cavendish Square London W1G 9DQ

RENE' CAOVILLA LIMITED

(Registration number: 06030564)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	395,705	46,759
Debtors	6	51,000	149,850
		446,705	196,609
Current assets
Stocks	5	1,492,259	1,568,717
Debtors	6	272,234	123,192
Cash at bank and in hand		392,725	801,999
		2,157,218	2,493,908
Creditors: Amounts falling due within one year	7	(2,637,805)	(2,541,164)
Net current liabilities		(480,587)	(47,256)
Total assets less current liabilities		(33,882)	149,353
Creditors: Amounts falling due after more than one year	7	(60,717)	-
Net (liabilities)/assets		(94,599)	149,353
Capital and reserves
Called up share capital	8	1	1
Retained earnings		(94,600)	149,352
Shareholders' (deficit)/funds		(94,599)	149,353

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 November 2026
 

......................................... Alberto Fumagalli Director

RENE' CAOVILLA LIMITED

Notes to the 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.

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

These financial statements were authorised for issue by the director on 3 November 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.

Going concern

The financial statements have been prepared on a going concern basis.The company had net liabilities at year end of £94,599. The directors are of the opinion that its parent company will continue to support it, and provided adequate funding when necessary to enable to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

RENE' CAOVILLA LIMITED

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

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 4 November 2026 was Shanoor Miah, FCA BSc (Hons), who signed for and on behalf of DTL Auditors Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short-term leasehold property	straight line over the life of the lease
Fixtures fittings and equipments	20% straight line
Long term leasehold property	straight line over the life of the lease

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.

RENE' CAOVILLA LIMITED

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 3).

RENE' CAOVILLA LIMITED

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

4	Tangible assets

	Long leasehold land and buildings £	Short leasehold land and buildings £	Fixtures fittings and equipments £	Total £
Cost or valuation
At 1 January 2025	-	421,278	288,358	709,636
Additions	388,652	-	39,995	428,647
Disposals	-	(421,278)	(272,397)	(693,675)
At 31 December 2025	388,652	-	55,956	444,608
Depreciation
At 1 January 2025	-	375,185	287,692	662,877
Charge for the year	27,814	46,093	5,793	79,700
Eliminated on disposal	-	(421,278)	(272,396)	(693,674)
At 31 December 2025	27,814	-	21,089	48,903
Carrying amount
At 31 December 2025	360,838	-	34,867	395,705
At 31 December 2024	-	46,093	666	46,759

Included within the net book value of land and buildings above is £360,838 (2024 - £Nil) in respect of long leasehold land and buildings and £Nil (2024 - £46,093) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	1,492,259	1,568,717

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		349	16,313
Amounts owed by related parties	11	56,439	57,892
Prepayments		39,554	48,288
Other debtors		175,892	699
		272,234	123,192

Non-current	2025 £	2024 £
Rent deposit	51,000	149,850
	51,000	149,850

RENE' CAOVILLA LIMITED

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		12,264	4,529
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	2,571,624	2,487,736
Taxation and social security		31,746	23,942
Accruals and deferred income		21,504	18,366
Other creditors		667	6,591
		2,637,805	2,541,164

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Deferred Rent	60,717	-

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	85,000	166,500
Later than one year and not later than five years	283,051	-
	368,051	166,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £228,252 (2024 - £166,500).

RENE' CAOVILLA LIMITED

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

10	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £3,152 (2024: £1,999).

Contributions totalling £667 (2024: £590) were payable to the scheme at the end of the year and are included in creditors.



 

11	Related party transactions

Summary of transactions with parent

Rene Caovilla S.p.A

During the year the company purchased goods from its parent company totalling £771,976 (2024:£918,953).
At the balance date the amount owed to the parent company was £2,441,159(2024:£2,380,317)
 

Summary of transactions with all entities with joint control or significant interest

Rene Caovilla France SARL(Fellow subsidiary)
During the year the company purchased goods from its fellow subsidiary totalling £3,236 (2024: Nil).
At the balance sheet date the amount owed to its fellow subsidiary was £130,464(2024:£107,419).

 

12	Parent and ultimate parent undertaking

The company's immediate parent is René Caovilla spa, incorporated in italy.

 The most senior parent entity producing publicly available financial statements is René Caovilla spa. These financial statements are available upon request from Via Nazionale 24, 30032 Fiesso D'artico, Venezia, Italy.