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REGISTERED NUMBER: 03309513 (England and Wales)









Audited Financial Statements

for the Year Ended 31 December 2024

for

Mammut UK Limited

Mammut UK Limited (Registered number: 03309513)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Mammut UK Limited (Registered number: 03309513)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 55,356 98,383

CURRENT ASSETS
Debtors 6 4,675,506 4,053,763
Cash at bank 101,055 56,735
4,776,561 4,110,498
CREDITORS
Amounts falling due within one year 7 (2,121,451 ) (1,659,365 )
NET CURRENT ASSETS 2,655,110 2,451,133
TOTAL ASSETS LESS CURRENT LIABILITIES 2,710,466 2,549,516

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,709,466 2,548,516
SHAREHOLDERS' FUNDS 2,710,466 2,549,516

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 2025 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 2024

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.


Mammut UK Limited (Registered number: 03309513)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 107,079 14,184 112,593 233,856
Disposals - - (21,155 ) (21,155 )
At 31 December 2024 107,079 14,184 91,438 212,701
DEPRECIATION
At 1 January 2024 98,117 14,184 23,172 135,473
Charge for year 8,962 - 21,862 30,824
Eliminated on disposal - - (8,952 ) (8,952 )
At 31 December 2024 107,079 14,184 36,082 157,345
NET BOOK VALUE
At 31 December 2024 - - 55,356 55,356
At 31 December 2023 8,962 - 89,421 98,383

Mammut UK Limited (Registered number: 03309513)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,240,857 508,298
Amounts owed by group undertakings 3,391,149 3,516,066
Prepayments and accrued income 43,500 29,399
4,675,506 4,053,763

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.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 37,342 34,041
Amounts owed to group undertakings 1,345,144 1,089,452
Corporation tax 62,191 48,260
Social security and other taxes (96 ) (96 )
VAT 440,525 335,162
Other creditors 989 (2,717 )
Accrued expenses 235,356 155,263
2,121,451 1,659,365

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. 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

10. 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.