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REGISTERED NUMBER: SC554149 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mama's Parlour Ltd

Mama's Parlour Ltd (Registered number: SC554149)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mama's Parlour Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs C A Anderson





REGISTERED OFFICE: 25 Bridge Street
Ballater
AB35 5QP





REGISTERED NUMBER: SC554149 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Mama's Parlour Ltd (Registered number: SC554149)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,276 123,220

CURRENT ASSETS
Stocks 4,256 11,626
Debtors 5 13,997 10,421
Cash at bank and in hand 3,332 1,457
21,585 23,504
CREDITORS
Amounts falling due within one year 6 73,556 105,673
NET CURRENT LIABILITIES (51,971 ) (82,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,305

41,051

CREDITORS
Amounts falling due after more than one
year

7

47,775

56,411
NET LIABILITIES (10,470 ) (15,360 )

CAPITAL AND RESERVES
Called up share capital 72,001 72,001
Retained earnings (82,471 ) (87,361 )
(10,470 ) (15,360 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mama's Parlour Ltd (Registered number: SC554149)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 25 November 2024 and were signed by:





Mrs C A Anderson - Director


Mama's Parlour Ltd (Registered number: SC554149)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mama's Parlour Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

At the 31 March 2024 the company's liabilities exceeded it's total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the director and shareholders.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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

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.

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 7 (2023 - 9 ) .

Mama's Parlour Ltd (Registered number: SC554149)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 85,150 95,642 4,163 184,955
Additions - 1,456 - 1,456
Disposals - (59,541 ) (4,163 ) (63,704 )
At 31 March 2024 85,150 37,557 - 122,707
DEPRECIATION
At 1 April 2023 - 58,960 2,775 61,735
Charge for year - 7,234 - 7,234
Eliminated on disposal - (32,763 ) (2,775 ) (35,538 )
At 31 March 2024 - 33,431 - 33,431
NET BOOK VALUE
At 31 March 2024 85,150 4,126 - 89,276
At 31 March 2023 85,150 36,682 1,388 123,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,960 547
Other debtors 12,037 9,874
13,997 10,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,425 9,129
Trade creditors 5,744 3,805
Taxation and social security 9,174 793
Other creditors 48,213 91,946
73,556 105,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 47,775 56,411

Mama's Parlour Ltd (Registered number: SC554149)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loan 43,344 46,833

Included under bank loans is a loan from Clydesdale Bank PLC who hold a standard security over the shop premises at 25 Bridge Street, Ballater.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs C A Anderson
Balance outstanding at start of year (70,638 ) (72,710 )
Amounts advanced 32,219 19,658
Amounts repaid (5,315 ) (17,586 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (43,734 ) (70,638 )

10. RELATED PARTY DISCLOSURES

Included in Trade debtors is £1,960 due from Shorty's Kitchen Ltd, a company registered in Scotland of which the shareholder Mrs L Barr is a director and shareholder.

Included in Other Debtors is £622 (2023 - £7,799) due from Pappa's Cafe Ltd, a company registered in Scotland of which the director Mrs C A Anderson is a director and shareholder.

Included in Other Debtors is £11,314 due from Shorty's Kitchen Ltd.

Included in Trade Creditors is £2,167 due to Shorty's Kitchen Ltd.

Included in Other Creditors is £nil (2023 - £1,700) due to Mr D Barr, who is father of the director Mrs C A Anderson.

Included in Other Creditors is £1,387 (2023 - £8,966) due to Mrs L Barr, who is mother of the director Mrs C A Anderson and a shareholder in the company.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director Mrs C A Anderson and her mother Mrs L Barr, who between them own 100% of the issued share capital.