Madagascar Hampstead Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10219306 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MADAGASCAR HAMPSTEAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M L Kermabon

A Sarracino

REGISTERED OFFICE:

The Garment Building

9 Fisher’s Lane

London

W4 1RX

REGISTERED NUMBER:

10219306 (England and Wales)

SENIOR STATUTORY AUDITOR:

Tony Castagnetti

AUDITORS:

Belluzzo Audit Limited

Chartered Accountants and Statutory Auditors

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

4

6,195

10,235

CURRENT ASSETS

Stocks

5

194,495

163,614

Debtors

6

127,629

116,489

Cash at bank and in hand

382,698

243,441

704,822

523,544

CREDITORS

Amounts falling due within one year

7

(855,406

)

(735,276

)

NET CURRENT LIABILITIES

(150,584

)

(211,732

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(144,389

)

(201,497

)

CREDITORS

Amounts falling due after more than one
year

8

-

(3,748

)

NET LIABILITIES

(144,389

)

(205,245

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

(144,489

)

(205,345

)

SHAREHOLDERS' FUNDS

(144,389

)

(205,245

)

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 16 June 2026 and were signed on its behalf by:

A Sarracino - Director

1.	STATUTORY INFORMATION

Madagascar Hampstead 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Short leasehold

-

over 10 years

Fixtures and fittings

-

25% straight line

Computer equipment

-

25% straight line

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 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.

Going concern

The financial statements have been prepared on a going concern basis on the basis that the parent company confirmed its commitment to continue to support the company for a period of at least 12 months from the signing of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 January 2025

and 31 December 2025

23,117

3,935

10,140

37,192

DEPRECIATION

At 1 January 2025

12,882

3,935

10,140

26,957

Charge for year

4,040

-

4,040

At 31 December 2025

16,922

3,935

10,140

30,997

NET BOOK VALUE

At 31 December 2025

6,195

-

6,195

At 31 December 2024

10,235

-

10,235

5.

STOCKS

2025

2024

£

Finished goods

194,495

163,614

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

6,010

Amounts owed by group undertakings

86,548

72,691

Other debtors

27,100

Prepayments and accrued income

13,981

10,688

127,629

116,489

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

180,333

153,066

Amounts owed to group undertakings

545,705

440,752

Tax

5,000

(1

)

Social security and other taxes

2,832

1,102

VAT

30,162

31,178

Other creditors

4,048

111

Accruals and deferred income

75,329

75,201

Accrued expenses

11,997

33,867

855,406

735,276

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other creditors

-

3,748

9.	LEASING AGREEMENTS

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

2025

2024

£

Within one year

52,500

90,000

Between one and five years

-

52,500

142,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

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

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)

for and on behalf of Belluzzo Audit Limited

12.	RELATED PARTY DISCLOSURES

During the year, the company was charged royalties of £101,424 (2024: £86,104) from YYGM SA, a company owned by the director's son.

At 31st December 2025, amount due to YYMG SA was £56,154 (2024: £46,724) at the balance sheet date.

13.	POST BALANCE SHEET EVENTS

Since the balance sheet date, the conflict in Iran has contributed to a significant rise in global energy prices, creating additional cost pressures for the business. UK inflation, which had shown signs of easing during 2025, is now at renewed risk of increasing, and the economic recovery remains fragile. These developments continue to weigh on household confidence and non-essential retail sales, particularly among lower and middle-income customers. Directors are closely monitoring the evolving geopolitical and macroeconomic situation and will implement appropriate measures to manage costs, support sales, and address the ongoing challenges facing the business.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is M L Kermabon.