REGISTERED NUMBER: 10281833 (England and Wales)

MAMMAFIORE UK LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr. M E Canillo Marin

Mr D Bruno

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

10281833 (England and Wales)

AUDITORS:

Carston ETL

Statutory Auditor

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Tangible assets

4

369,917

90,139

CURRENT ASSETS

Stocks

1,003,473

816,754

Debtors

5

2,358,904

1,850,196

Cash at bank and in hand

356,375

463,393

3,718,752

3,130,343

CREDITORS

Amounts falling due within one year

6

2,772,330

2,087,746

NET CURRENT ASSETS

946,422

1,042,597

TOTAL ASSETS LESS CURRENT LIABILITIES

1,316,339

1,132,736

PROVISIONS FOR LIABILITIES

91,203

-

NET ASSETS

1,225,136

1,132,736

CAPITAL AND RESERVES

Called up share capital

8

125

125

Share premium

265,475

265,475

Retained earnings

959,536

867,136

SHAREHOLDERS' FUNDS

1,225,136

1,132,736

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2026 and were signed on its behalf by:

Mr. M E Canillo Marin - Director

Mr D Bruno - Director

1.	STATUTORY INFORMATION

Mammafiore Uk 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.

The financial statements are presented in Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated.

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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.

(a) Useful economic lives of assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets.

(b) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when (a) the significant risk and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods and (c) the amount of revenue can be measured reliably. The company considers that those three conditions are fulfilled when the buyer takes delivery of the goods.

Tangible fixed assets

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

life.

Fixtures and fittings - 20% on reducing balance

Plant and machinery - 20% on reducing balance

Computer equipment - 20% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, balances owed to group undertakings are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

181,517

7,972

13,964

203,453

Additions

230,141

101,594

16,081

347,816

At 31 December 2025

411,658

109,566

30,045

551,269

DEPRECIATION

At 1 January 2025

102,085

4,902

6,327

113,314

Charge for year

49,503

14,999

3,536

68,038

At 31 December 2025

151,588

19,901

9,863

181,352

NET BOOK VALUE

At 31 December 2025

260,070

89,665

20,182

369,917

At 31 December 2024

79,432

3,070

7,637

90,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,659,523

1,271,520

Other debtors

699,381

578,676

2,358,904

1,850,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

528,949

243,926

Amounts owed to group undertakings

2,099,039

1,598,217

Taxation and social security

(81,762

)

70,163

Other creditors

226,104

175,440

2,772,330

2,087,746

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

810,261

636,997

Between one and five years

2,905,242

2,790,056

3,715,503

3,427,053

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

125

Ordinary Shares

£1

125

125

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Davies (Senior Statutory Auditor)

for and on behalf of Carston ETL

10.	RELATED PARTY DISCLOSURES

The following companies are considered related companies by virtue of being in the same group and under common ownership.

MAMMAFIORE FAMILY S.L.

2025

2024

£

£

Net balance due at year-end (Creditors)

1,645,907

1,154,622

Purchases during the year

7,135,896

6,123,977

Intercompany Loan movement during the year

410,950

-

Sales during the year

24,010

-

MAMMAFIORE PARIS SARL

2025

2024

£

£

Net balance due at year-end (Creditors)

3,017

4,645

Purchases during the year

8,341

81,416

Sales during the year

5,350

-

VINOS DE V-ENOLOGY SL

2025

2024

£

£

Net balance due at year-end (Creditors)

12,477

1,346

Purchases during the year

58,387

55,629

MAMMAFIORE LONDON LIMITED

2025

2024

£

£

Net balance due at year-end (Creditors)

434,409

436,917

Expenses during the year

324,529

280,176

Sales during the year

21,753

110,288

ESPRESSO ITALIANO 1870, S.L.

2025

2024

£

£

Net balance due at year-end (Creditors)

5,338

687

Purchases during the year

4,651

687

MAMMAFIORE PROVENCE SARL

2025

2024

£

£

Net balance due at year-end (Creditors)

1,891

Sales during the year

28,800

When preparing these accounts, the group balances have all been included under "Amounts owed to group", as opposed to previous years where balances relating to purchases and sales were included within trade creditors and trade debtors respectively.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent entity is Mammafiore Family S.L., incorporated in Spain, whose registered office address is Gran Via de les Corts Catalanes, 641, planta 2, Eixample, 08010 Barcelona, Spain.

The consolidated accounts of Mammafiore Family S.L. include the results of this company.