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REGISTERED NUMBER: 10281833 (England and Wales)













MAMMAFIORE UK LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






MAMMAFIORE UK LIMITED (REGISTERED NUMBER: 10281833)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAMMAFIORE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr. M E Canillo Marin
Mr D Bruno





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 10281833 (England and Wales)





AUDITORS: Sinclairs Bartrum Lerner
Statutory Auditor
Second Floor
34 Lime Street
London
EC3M 7AT

MAMMAFIORE UK LIMITED (REGISTERED NUMBER: 10281833)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,055 129,193

CURRENT ASSETS
Stocks 687,056 388,805
Debtors 5 1,475,943 1,270,759
Cash at bank and in hand 249,877 153,919
2,412,876 1,813,483
CREDITORS
Amounts falling due within one year 6 1,643,153 1,316,314
NET CURRENT ASSETS 769,723 497,169
TOTAL ASSETS LESS CURRENT LIABILITIES 877,778 626,362

CAPITAL AND RESERVES
Called up share capital 8 125 125
Share premium 265,475 265,475
Retained earnings 612,178 360,762
SHAREHOLDERS' FUNDS 877,778 626,362

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th October 2024 and were signed on its behalf by:




Mr. M E Canillo Marin - Director



Mr D Bruno - Director


MAMMAFIORE UK LIMITED (REGISTERED NUMBER: 10281833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Mammafiore Uk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

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

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.

(a) Useful economic lives of assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets.

(b) Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when (a) the significant risk and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods and (c) the amount of revenue can be measured reliably. The company considers that those three conditions are fulfilled when the buyer takes delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Fixtures and fittings - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MAMMAFIORE UK LIMITED (REGISTERED NUMBER: 10281833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, balances owed to group undertakings are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 24 ) .

MAMMAFIORE UK LIMITED (REGISTERED NUMBER: 10281833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023 179,361 6,536 8,391 194,288
Additions 1,993 - 3,087 5,080
At 31st December 2023 181,354 6,536 11,478 199,368
DEPRECIATION
At 1st January 2023 57,868 3,928 3,299 65,095
Charge for year 24,375 522 1,321 26,218
At 31st December 2023 82,243 4,450 4,620 91,313
NET BOOK VALUE
At 31st December 2023 99,111 2,086 6,858 108,055
At 31st December 2022 121,493 2,608 5,092 129,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,083,618 749,838
Amounts owed by group undertakings 2,220 1,680
Other debtors 390,105 519,241
1,475,943 1,270,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,347,524 1,150,977
Amounts owed to group undertakings 84,444 84,529
Taxation and social security 114,181 24,894
Other creditors 97,004 55,914
1,643,153 1,316,314

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 283,359 371,225
Between one and five years 15,232 185,613
298,591 556,838

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
125 Ordinary Shares £1 125 125

MAMMAFIORE UK LIMITED (REGISTERED NUMBER: 10281833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


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

The Report of the Auditors was unqualified.

Steven Davies (Senior Statutory Auditor)
for and on behalf of Sinclairs Bartrum Lerner

10. RELATED PARTY DISCLOSURES

The following companies are considered related companies by virtue of being in the same group and under common ownership.

MAMMAFIORE INTERNATIONAL 2016, S.L. 2023 2022
£ £
Net balance due at year-end (Creditors) 935,205 983,955
Purchases during the year 4,539,473 3,197,385

MAMMAFIORE PARIS SARL 2023 2022
£ £
Net balance due at year-end (Creditors) 14,414 10,259
Purchases during the year 26,439 9,732

VINOS DE V-ENOLOGY SL 2023 2022
£ £
Net balance due at year-end (Debtors) (2022- Creditors) 2,288 16,408
Purchases during the year 38,904 16,408

MAMMAFIORE LONDON LIMITED 2023 2022
£ £
Net balance due at year-end (Creditors) (2022- Debtors) 194,180 1,680
Expenses during the year 218,416 -
Sales during the year 59,857 -

11. ULTIMATE CONTROLLING PARTY

The ultimate parent entity is Mammafiore Distribution S.L., incorporated in Spain, whose registered office address is Gran Via de les Corts Catalanes, 641, planta 2, Eixample, 08010 Barcelona, Spain.
The consolidated accounts of Mammafiore Distribution S.L. include the results of the company.