REGISTERED NUMBER: 12510567 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MAMMA MIA SUMMERTOWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Ellse

Ms A Nolasco

SECRETARY:

J W Ellse

REGISTERED OFFICE:

9 South Parade

Summertown

Oxford

Oxfordshire

OX2 7JL

REGISTERED NUMBER:

12510567 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

809,870

935,843

CURRENT ASSETS

Stocks

11,974

13,844

Debtors

5

157,639

61,938

Cash at bank and in hand

97,339

173,438

266,952

249,220

CREDITORS

Amounts falling due within one year

6

520,800

890,901

NET CURRENT LIABILITIES

(253,848

)

(641,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

556,022

294,162

PROVISIONS FOR LIABILITIES

65,073

76,271

NET ASSETS

490,949

217,891

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

490,849

217,791

490,949

217,891

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 21st December 2025 and were signed on its behalf by:

J W Ellse - Director

1.	STATUTORY INFORMATION

Mamma Mia Summertown Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared on a going concern basis. The company's balance sheet indicates a net liability position. However, included within Creditors - amounts falling due within one year is a balance of £210,000 due to an associated company that is under the control of one of the directors. There is no fixed repayment date for this loan, the loan is interest free and repayments are being made from ongoing cash flow generated from trading. The directors have indicated that these balances will only be settled from funds generated from the company's trading and have given their assurances of continued support. Consequently the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

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.

Leasehold Improvements

-

over the life of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Financial instruments

The company only enters into basic financial statements 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 and investments in non-puttable 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.

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.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Computer

Improvements

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

723,871

195,773

190,993

-

1,110,637

Additions

-

-

6,086

6,023

12,109

At 31st March 2025

723,871

195,773

197,079

6,023

1,122,746

DEPRECIATION

At 1st April 2024

95,755

23,814

55,225

-

174,794

Charge for year

78,541

19,577

37,956

2,008

138,082

At 31st March 2025

174,296

43,391

93,181

2,008

312,876

NET BOOK VALUE

At 31st March 2025

549,575

152,382

103,898

4,015

809,870

At 31st March 2024

628,116

171,959

135,768

-

935,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,078

50,953

Prepayments and accrued income

125,561

10,985

157,639

61,938

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

54,707

68,503

Amounts owed to associates

210,000

670,000

Tax

129,692

8,128

Social security and other taxes

10,683

12,049

VAT

57,443

59,687

Other creditors

5,180

2,172

Deferred income

-

125

Accrued expenses

53,095

70,237

520,800

890,901

7.	OTHER FINANCIAL COMMITMENTS

Operating lease payments in respect of land and buildings in the sum of £55,000 are committed to be paid within one year in respect of a lease held for a period of 7 years. The total commitments to the end of the lease are projected to be £385,000.

8.	RELATED PARTY DISCLOSURES

The company has entered into loan arrangements with Full City Limited, a company under the control of Mr J Ellse. The loan is repayable on demand and no interest is chargeable Included in Creditors at 31st March 2025 is a loan balance of £210,000 (2024: £670,000).