REGISTERED NUMBER: SC261032 (Scotland)

Mastrocinque Mamma Roma Ltd.

Unaudited Financial Statements

for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M V Mastrocinque

Mrs F Mastrocinque

SECRETARY:

M M Mastrocinque

REGISTERED OFFICE:

The Lighthouse

Heugh Road

North Berwick

EH39 5PX

REGISTERED NUMBER:

SC261032 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

SOLICITORS:

Paris Steele & Co WS

35 Westgate

North Berwick

East Lothian

EH39 4AG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

382,008

330,226

382,008

330,226

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

6

4,732

2,922

Cash at bank and in hand

540,188

228,016

550,920

236,938

CREDITORS

Amounts falling due within one year

7

244,535

145,804

NET CURRENT ASSETS

306,385

91,134

TOTAL ASSETS LESS CURRENT LIABILITIES

688,393

421,360

PROVISIONS FOR LIABILITIES

35,103

16,901

NET ASSETS

653,290

404,459

CAPITAL AND RESERVES

Called up share capital

71,000

71,000

Retained earnings

582,290

333,459

SHAREHOLDERS' FUNDS

653,290

404,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 4 September 2025 and were signed on its behalf by:

M V Mastrocinque - Director

1.	STATUTORY INFORMATION

Mastrocinque Mamma Roma 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.

Turnover

Turnover represents the sale of restaurant food net of value added tax.

Revenues are recognised as those services are provided to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a restaurant business previously operated as a Partnership, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost and 10% on cost

Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments

Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost compromise bank, cash and other debtors. Financial liabilities compromise trade creditors, hire purchase, accruals and other creditors.

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.

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.

Going concern

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors' have no concerns that the company will continue to trade for at least 12 months from the signing of these financial statements.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

135,350

AMORTISATION

At 1 June 2024

and 31 May 2025

135,350

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

226,286

272,435

498,721

Additions

-

84,948

84,948

At 31 May 2025

226,286

357,383

583,669

DEPRECIATION

At 1 June 2024

27,155

141,340

168,495

Charge for year

4,525

28,641

33,166

At 31 May 2025

31,680

169,981

201,661

NET BOOK VALUE

At 31 May 2025

194,606

187,402

382,008

At 31 May 2024

199,131

131,095

330,226

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,732

2,922

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

59,956

44,740

Taxation and social security

170,549

88,819

Other creditors

14,030

12,245

244,535

145,804

8.	SECURED DEBTS

The Royal Bank of Scotland plc holds a standard security over the property.

The Royal Bank of Scotland plc holds a floating charge over all the property and undertakings of the company.