Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-31081131622025-03-312024-04-01false3031falsetruefalse 08113162 2024-04-01 2025-03-31 08113162 2023-04-01 2024-03-31 08113162 2025-03-31 08113162 2024-03-31 08113162 c:Director2 2024-04-01 2025-03-31 08113162 d:FurnitureFittings 2024-04-01 2025-03-31 08113162 d:FurnitureFittings 2025-03-31 08113162 d:FurnitureFittings 2024-03-31 08113162 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08113162 d:OfficeEquipment 2025-03-31 08113162 d:OfficeEquipment 2024-03-31 08113162 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08113162 d:ComputerEquipment 2024-04-01 2025-03-31 08113162 d:ComputerEquipment 2025-03-31 08113162 d:ComputerEquipment 2024-03-31 08113162 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08113162 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 08113162 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08113162 d:CurrentFinancialInstruments 2025-03-31 08113162 d:CurrentFinancialInstruments 2024-03-31 08113162 d:Non-currentFinancialInstruments 2025-03-31 08113162 d:Non-currentFinancialInstruments 2024-03-31 08113162 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08113162 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08113162 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 08113162 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08113162 d:ShareCapital 2025-03-31 08113162 d:ShareCapital 2024-03-31 08113162 d:RetainedEarningsAccumulatedLosses 2025-03-31 08113162 d:RetainedEarningsAccumulatedLosses 2024-03-31 08113162 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-04-01 2025-03-31 08113162 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-03-31 08113162 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 08113162 c:OrdinaryShareClass1 2024-04-01 2025-03-31 08113162 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08113162 c:OrdinaryShareClass1 2025-03-31 08113162 c:OrdinaryShareClass1 2024-03-31 08113162 c:FRS102 2024-04-01 2025-03-31 08113162 c:Audited 2024-04-01 2025-03-31 08113162 c:FullAccounts 2024-04-01 2025-03-31 08113162 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08113162 c:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08113162 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure



















Mariage Freres Royaume Uni Limited

Registered number: 08113162
Annual report
For the year ended 31 March 2025

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
REGISTERED NUMBER: 08113162

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 6 
21,136
32,055

  
21,136
32,055

Current assets
  

Stocks
 7 
254,907
354,674

Debtors: amounts falling due after more than one year
 8 
255,000
255,000

Debtors: amounts falling due within one year
 8 
494,475
584,751

Cash and cash equivalents
  
339,254
624,986

  
1,343,636
1,819,411

Creditors: amounts falling due within one year
 9 
(11,834,983)
(12,435,611)

Net current liabilities
  
 
 
(10,491,347)
 
 
(10,616,200)

Total assets less current liabilities
  
(10,470,211)
(10,584,145)

Creditors: amounts falling due after more than one year
 10 
(46,261)
(95,682)

Provisions for liabilities
  

Other provisions
 11 
(388,747)
(348,045)

  
 
 
(388,747)
 
 
(348,045)

Net liabilities
  
(10,905,219)
(11,027,872)


Capital and reserves
  

Called up share capital 
 12 
10,000
10,000

Profit and loss account
  
(10,915,219)
(11,037,872)

Total equity
  
(10,905,219)
(11,027,872)


- 1 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
REGISTERED NUMBER: 08113162
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



K Sangmanee
Director

Date: 4 June 2025
 
The notes on pages 3 to 12 form part of these financial statements.
- 2 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Mariage Freres Royaume Uni Limited is a private company limited by shares incorporated in England and Wales. Its registered number is 08113162. The address of its registered office and principal place of business is  38 King Street, London, WC2E 8JS.
The principal activity of the Company is that of selling tea and tea accessories.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future with the assurance of financial support by the parent company. The Directors have received confirmation that the parent company will continue to support the company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for the foreseeable future. Accordingly the Directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

- 3 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
33% straight line basis
Office equipment
-
33% straight line basis
Leasehold improvements
-
25% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Depreciation on the leasehold improvements began when the store was opened in December 2018.

  
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the statement of comprehensive income.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
- 4 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

- 5 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.

 
2.11

Interest payable and similar expenses

Interest payable and similar expenses are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

- 6 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.15

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Other operating income

2025
2024
£
£



Waiver of debt from group undertaking
887,339
-

During the year, the group decided to waive an intercompany balance totaling £887,339 owed to Mariage Freres SA, the parent undertaking. A debt waiver to this effect was signed on 31 March 2025 by both parties.

- 7 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Judgements in applying accounting policies and key sources of estimation uncertainty

In applying the company’s accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised, if the revision affects only that year, or in the year of the revision and future years, if the revision affects both current and future years.


5.


Employees




The average monthly number of employees, including the Directors, during the year was as follows:


        2025
        2024
            No.
            No.






Directors
-
2


Employees
30
29

30
31

- 8 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


6.


Tangible fixed assets





Fixtures & fittings
Leasehold improvements
Office equipment
Total

£
£
£
£



Cost


At 1 April 2024
481,580
4,100,679
106,457
4,688,716



At 31 March 2025

481,580
4,100,679
106,457
4,688,716



Depreciation


At 1 April 2024
478,570
4,073,315
104,776
4,656,661


Charge for the year
1,858
8,009
1,052
10,919



At 31 March 2025

480,428
4,081,324
105,828
4,667,580



Net book value



At 31 March 2025
1,152
19,355
629
21,136



At 31 March 2024
3,010
27,364
1,681
32,055


7.


Stocks

2025
2024
£
£

Finished goods and goods for resale
254,907
354,674


- 9 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Debtors

2025
2024
£
£

Due after more than one year

Other debtors
255,000
255,000


Other debtors represent rent deposits.

2025
2024
£
£

Due within one year

Trade debtors
56,315
53,890

Amounts owed by group undertakings
-
70,602

Other debtors
74,138
79,012

Prepayments and accrued income
364,022
381,247

494,475
584,751


Amounts owed by group undertakings are unsecured, interest free and payable on demand.


9.


Creditors: amounts falling due within one year

2025
2024
£
£

Trade creditors
166,734
533,732

Amounts owed to group undertakings
11,543,207
11,627,382

Other taxation and social security
18,382
15,655

Other creditors
10,607
158,311

Accruals and deferred income
96,053
100,531

11,834,983
12,435,611


£10,848,594 (2024: £9,937,655) included in the amounts owed to group undertakings is unsecured, interest bearing at 0.66% and repayable on demand.
The remaining amounts owed to group undertakings are unsecured, interest free and repayable on demand.

- 10 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Deferred rent
46,261
95,682



11.


Provisions


Dilapidation provision

£





At 1 April 2024
348,045


Charged to profit or loss
40,702



At 31 March 2025
388,747

The dilapidation provision represents managements best estimate of the likely costs of restoring leased premises to their original condition at the end of the lease.


12.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



10,000 (2024: 10,000) ordinary shares of £1 each
10,000
10,000

All shares rank equally and have equal voting rights.



13.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £6,458 (2024: £5,395) were payable to the fund at the balance sheet date and are included in creditors.


14.


Related party transactions

The entity is a wholly owned subsidiary of Mariage Freres SA, and as such has taken advantage of the exemption within FRS 102 not to disclose transactions entered into by two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

- 11 -

 
 08113162
31 March 2025
Mariage Freres Royaume Uni Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

15.


Controlling party

The Company's immediate and ultimate controlling party is Mariage Freres SA, incorporated in France.
The largest and smallest group in which the results of the Company were consolidated was that headed by the intermediary parent undertaking, Mariage Freres SA. The consolidated accounts of Mariage Freres SA may be obtained from 110 Rue du Parc, 93130, Noisy le Sec, France.


16.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 6 June 2025 by Claire Watkins (Senior Statutory Auditor) on behalf of Buzzacott Audit LLP.

- 12 -