Mamhead Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12777596

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		736		736
Tangible Assets	5		124,928		166,567

			125,664		167,303
CURRENT ASSETS
Debtors	6	656,313		500,839
Cash at bank and in hand		62,478		176,805

		718,791		677,644
Creditors: Amounts Falling Due Within One Year	7	(2,069,593 )		(1,413,925 )

NET CURRENT ASSETS (LIABILITIES)			(1,350,802 )		(736,281 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,225,138 )		(568,978 )

NET LIABILITIES			(1,225,138 )		(568,978 )

CAPITAL AND RESERVES
Called up share capital	8		102		102
Profit and Loss Account			(1,225,240 )		(569,080 )

SHAREHOLDERS' FUNDS			(1,225,138)		(568,978)

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Mamhead Management Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr L P Ward

Director

18 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mamhead Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12777596 . The registered office is Mamhead Castle, Mamhead, Exeter, EX6 8HD. With effect from 17th April 2024, the name of the Company was changed from Migom Global Ltd to Mamhead Management Ltd.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At 31st July 2025, the company had net liabilities of £1,225,138. The company is reliant on the continued support of the directors. The directors have confirmed their intention to support the company for at least twelve months from the date of signing the accounts.

On the above basis, the directors consider that the accounts should be prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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Mamhead Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 15)

4. Intangible Assets

	Other
	£
Cost
As at 1 August 2024	736

As at 31 July 2025	736

Net Book Value
As at 31 July 2025	736

As at 1 August 2024	736

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	214,955	2,385	40,210	257,550

As at 31 July 2025	214,955	2,385	40,210	257,550

Depreciation
As at 1 August 2024	66,092	1,632	23,259	90,983
Provided during the period	37,216	187	4,236	41,639

As at 31 July 2025	103,308	1,819	27,495	132,622

Net Book Value
As at 31 July 2025	111,647	566	12,715	124,928

As at 1 August 2024	148,863	753	16,951	166,567

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,087	1,087
Deferred tax current asset	650,751	496,846
VAT	1,974	2,906
Other taxes and social security	2,501	-

	656,313	500,839

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Mamhead Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	19,389	19,387
Other taxes and social security	-	21,058
Other creditors	1,044,489	572,726
Pension creditor	1,316	1,807
Accruals and deferred income	2,500	2,500
Director's loan account	893,140	796,447
Amounts owed to group undertakings	108,759	-

	2,069,593	1,413,925

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	102

9. Related Party Transactions

At the balance sheet date £893,140 (2024: £796,447) was owed to the director. The amount is unsecured, interest free and has no fixed repayment date.

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