REGISTERED NUMBER: 07407205 (England and Wales)

Meet and Potato Ltd

Audited Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms C L Gough

SECRETARY:

Ms L Jacobs

REGISTERED OFFICE:

17 Mann Island

Avenue Hq

Liverpool

L3 1BP

REGISTERED NUMBER:

07407205 (England and Wales)

AUDITORS:

Sheen Stickland

Chartered Accountants

Statutory Auditors

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

1,612

2,633

CURRENT ASSETS

Debtors

5

824,475

691,220

Cash at bank

519,102

550,880

1,343,577

1,242,100

CREDITORS

Amounts falling due within one year

6

(1,271,231

)

(605,750

)

NET CURRENT ASSETS

72,346

636,350

TOTAL ASSETS LESS CURRENT LIABILITIES

73,958

638,983

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

73,858

638,883

SHAREHOLDERS' FUNDS

73,958

638,983

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 director and authorised for issue on 12th May 2026 and were signed by:

Ms C L Gough - Director

1.	STATEMENT OF COMPLIANCE

Meet and Potato Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 17 Mann Island, Avenue Hq, Liverpool, L3 1BP. The registration number is 07407205.

These financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

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 if Section 1A "Small Entities" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

The financial statements cover the 12-month period from 1 January 2025 to 31 December 2025.

Comparative figures are presented for the 7-month period from 1 May 2024 to 31 December 2024.

Consolidated Financial statements

The smallest and largest group of undertakings for which consolidated financial statements are prepared is headed by MCI Group Holding SA. Copies of the consolidated financial statements are available from, Rue Du Pre-Bouvier 9, Satigny, Geneva, Switzerland.

Changes in accounting policies

During the year, the company changed its revenue recognition policy for event management services.

Previously, revenue was recognised by reference to the stage of completion, when the stage of completion, costs incurred, and costs to complete could be estimated reliably. The stage of completion was calculated by comparing costs incurred - mainly contractual staff costs and materials - as a proportion of total estimated costs.

The directors consider that the revised policy provides more reliable and relevant information, as it better reflects the completion of the company’s performance obligations.

The financial statements for the year ended 31 December 2024 have been restated accordingly. Comparative figures have also been restated to reflect the new policy.

The effect of the change was to increase profit for the year ended 31 December 2024 by £94,091. As a result, retained earnings as at 1 January 2025 were increased to £638,883, as disclosed in the reserves note.

Turnover

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

Turnover represents amounts receivable for event management services provided to customers in the ordinary course of business, net of value added tax and trade discounts.

Revenue from event management services is recognised when the event has been completed and the company has satisfied its performance obligations under the contract. This is the point at which control of the services is considered to have transferred to the customer.

Where consideration is invoiced or received in advance of the event taking place, such amounts are recognised as contract liabilities (deferred income) within creditors and released to revenue when the related performance obligations are satisfied.

Where the company has satisfied its performance obligations but has not yet invoiced the customer at the reporting date, the amount receivable is recognised as accrued income (contract assets) within debtors. Accrued income represents the company's right to consideration in exchange for services transferred to the customer.

The directors consider that recognition of revenue at the point of completion of the event most faithfully represents the transfer of services to the customer in accordance with Section 23 of FRS 102.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss

Financial instruments

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

Cash and cash equivalents

These comprise cash at bank and other short term liquid investments.

Debtors

Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and loss account when there is objective evidence that the asset is impaired.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

29,142

Disposals

(14,069

)

At 31st December 2025

15,073

DEPRECIATION

At 1st January 2025

26,509

Charge for year

657

Eliminated on disposal

(13,705

)

At 31st December 2025

13,461

NET BOOK VALUE

At 31st December 2025

1,612

At 31st December 2024

2,633

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

461,794

441,715

Other debtors

362,681

249,505

824,475

691,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

7,889

18,197

Trade creditors

682,790

432,726

Amounts owed to group undertakings

33,320

-

Taxation and social security

136,449

136,799

Other creditors

410,783

18,028

1,271,231

605,750

7.	LEASING AGREEMENTS

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

2025

2024

as restated

£

£

Within one year

33,990

67,980

Between one and five years

-

28,325

33,990

96,305

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1st January 2025

544,792

Prior year adjustment

94,091

638,883

Deficit for the year

(106,523

)

Dividends

(458,502

)

At 31st December 2025

73,858

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

The Report of the Auditors was unqualified.

David Sanders BA (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Sheen Stickland

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st December 2025 and the period ended 31st December 2024:

2025

2024

as restated

£

£

Mr J Kelly

Balance outstanding at start of year

158,502

112,867

Amounts advanced

12,912

45,635

Amounts repaid

(171,414

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

158,502

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

During the year, the issued share capital of the company was acquired by MCI Group UK Limited. As a result, the company's ultimate controlling parent company and controlling party is MCI Group Holding SA a private company incorporated in Switzerland, located at Rue Du Pre-Bouvier 9, Satigny, Geneva, Switzerland.