REGISTERED NUMBER: 11629844 (England and Wales)

MAMMAFIORE LONDON LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Bruno

Mr. M E Canillo Marin

Ms D Saltarin

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

11629844 (England and Wales)

AUDITORS:

Carston ETL

Statutory Auditor

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Intangible assets

4

976

1,613

CURRENT ASSETS

Debtors

5

434,570

436,953

Cash at bank and in hand

17,878

21,069

452,448

458,022

CREDITORS

Amounts falling due within one year

6

91,489

130,887

NET CURRENT ASSETS

360,959

327,135

TOTAL ASSETS LESS CURRENT LIABILITIES

361,935

328,748

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

361,835

328,648

SHAREHOLDERS' FUNDS

361,935

328,748

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 25th March 2026 and were signed on its behalf by:

Mr D Bruno - Director

1.	STATUTORY INFORMATION

Mammafiore London 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.

Useful economic lives of assets

The company capitalises certain intangible assets, including cost of website, which are amortised on a straight line basis over their estimated useful economic lives. The determination of the use economic life of the intangible assets requires management judgement and is based on expected usage of the asset, technical obsolescence, contractual terms and industry practice. Management has estimated the useful economic life of website cost to be five years. This estimate reflects the expected period over which the asset will generate economic benefits for the company. The useful economic life is reviewed annually and amended where necessary.

Turnover

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website cost is being amortised evenly over its estimated useful life of five years.

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.

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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Website

cost

£

COST

At 1st January 2025

and 31st December 2025

3,104

AMORTISATION

At 1st January 2025

1,491

Amortisation for year

637

At 31st December 2025

2,128

NET BOOK VALUE

At 31st December 2025

976

At 31st December 2024

1,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

434,570

436,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,053

20,648

Amounts owed to group undertakings

798

71

Taxation and social security

77,038

107,957

Other creditors

11,600

2,211

91,489

130,887

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary share

1

100

100

8.	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

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,338 were paid to the directors .

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

MAMMAFIORE UK LIMITED

2025

2024

£

£

Net balance due at year-end (Debtors)

434,570

436,953

Sales during the year

287,530

280,176

Purchases/expenses during the year

17,968

110,288

MAMMAFIORE DISTRIBUTION S.L.

2025

2024

£

£

Expenses during the year

727

-

Dividend paid

149,249

-

In November 2025, Mammafiore Distribution S.L. and Mammafiore International 2016 S.L. merged into a new company, Mammafiore Family S.L.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent entity is Mammafiore Family S.L., a company incorporated in Spain, whose registered office address is Passeig de Can Sagrera, 31, 08960 Sant Just Desvern, Barcelona, Spain.