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REGISTERED NUMBER: 03309513 (England and Wales)









Financial Statements for the Year Ended 31 December 2023

for

Mammut UK Limited

Mammut UK Limited (Registered number: 03309513)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Mammut UK Limited (Registered number: 03309513)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 98,384 106,829

CURRENT ASSETS
Debtors 5 4,053,763 3,425,458
Cash at bank 56,735 77,504
4,110,498 3,502,962
CREDITORS
Amounts falling due within one year 6 (1,659,366 ) (1,221,600 )
NET CURRENT ASSETS 2,451,132 2,281,362
TOTAL ASSETS LESS CURRENT LIABILITIES 2,549,516 2,388,191

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 2,548,516 2,387,191
SHAREHOLDERS' FUNDS 2,549,516 2,388,191

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 31 January 2024 and were signed on its behalf by:




Mr D M Escott - Director



Mr M J East - Director


Mammut UK Limited (Registered number: 03309513)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mammut UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03309513

Registered office: Amazon House
Fourth Floor
3 Brazil Street
Manchester
Lancashire
M1 3PJ

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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable, excluding trade discounts, settlement discounts and volume rebates, for sale of goods and is shown net of VAT and other sales related taxes.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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.

Mammut UK Limited (Registered number: 03309513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 107,079 14,184 89,695 210,958
Additions - - 22,899 22,899
At 31 December 2023 107,079 14,184 112,594 233,857
DEPRECIATION
At 1 January 2023 83,759 14,184 6,186 104,129
Charge for year 14,358 - 16,986 31,344
At 31 December 2023 98,117 14,184 23,172 135,473
NET BOOK VALUE
At 31 December 2023 8,962 - 89,422 98,384
At 31 December 2022 23,320 - 83,509 106,829

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 508,298 467,444
Amounts owed by group undertakings 3,516,066 2,920,719
Prepayments and accrued income 29,399 37,295
4,053,763 3,425,458

Mammut UK Limited has granted a loan to its parent company, Mammut Sports Group AG in Switzerland. The loan is bearing an interest of 1.40% on a simple interest basis.

Mammut UK Limited (Registered number: 03309513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 34,042 16,477
Amounts owed to group undertakings 1,089,452 778,378
Corporation tax 48,260 43,551
Social security and other taxes (96 ) (96 )
VAT 335,162 244,420
Other creditors (2,717 ) 2,933
Accrued expenses 155,263 135,937
1,659,366 1,221,600

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Taylor BFP FCA (Senior Statutory Auditor)
for and on behalf of Harts Limited

9. PARENT UNDERTAKING

Mammut UK Limited is a wholly owned subsidiary of the parent company Mammut Sports Group AG, a company with the registered address: Birren5 CH-5703 Seon in Switzerland. Mammut Sports Group AG is a subsidiary of PJFT Investment Limited, a company registered in Jersey. PJFT Investment Limited is the ultimate parent company.

The consolidated financial statements are available upon request from the following registered office of PJFT Investment Limited: 26 New Street St. Helier JE2 3RA Jersey.