Company No: 07948225 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Debtors	3	0		4,464
Cash at bank and in hand		2,243		1,435
		2,243		5,899
Creditors: amounts falling due within one year	4	( 119,571)		( 112,780)
Net current liabilities		(117,328)		(106,881)
Total assets less current liabilities		(117,328)		(106,881)
Creditors: amounts falling due after more than one year	5	( 4,138)		( 8,938)
Net liabilities		( 121,466)		( 115,819)
Capital and reserves
Called-up share capital	6	1,226		1,226
Share premium account		442,863		442,863
Profit and loss account		( 565,555 )		( 559,908 )
Total shareholders' deficit		( 121,466)		( 115,819)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mubbie Limited (registered number: 07948225) were approved and authorised for issue by the Board of Directors on 07 January 2026. They were signed on its behalf by:

Christopher David Grannell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mubbie Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

2 years straight line

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Debtors

	2024		2023
	£		£
Trade debtors	0		160
Other debtors	0		4,304
	0		4,464

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	3,800		3,800
Trade creditors	48,715		44,741
Other taxation and social security	3,106		0
Other creditors	63,950		64,239
	119,571		112,780

5. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	4,138		8,938

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
122,579 Ordinary shares of £ 0.01 each	1,226		1,226