| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st October 2025 |
| for |
| Miele's Gelateria Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st October 2025 |
| for |
| Miele's Gelateria Limited |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Contents of the Financial Statements |
| for the year ended 31st October 2025 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Miele's Gelateria Limited |
| Company Information |
| for the year ended 31st October 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 4th Floor Metropolitan House |
| 31-33 High Street |
| Inverness |
| Inverness-shire |
| IV1 1HT |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Miele's Gelateria Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Miele's Gelateria Limited for the year ended 31st October 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts. |
| This report is made solely to the Board of Directors of Miele's Gelateria Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Miele's Gelateria Limited and state those matters that we have agreed to state to the Board of Directors of Miele's Gelateria Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Miele's Gelateria Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Miele's Gelateria Limited. You consider that Miele's Gelateria Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Miele's Gelateria Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 4th Floor Metropolitan House |
| 31-33 High Street |
| Inverness |
| Inverness-shire |
| IV1 1HT |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Balance Sheet |
| 31st October 2025 |
| 2025 | 2024 |
| as restated |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Balance Sheet - continued |
| 31st October 2025 |
| 2025 | 2024 |
| as restated |
| Notes | £ | £ | £ | £ |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Notes to the Financial Statements |
| for the year ended 31st October 2025 |
| 1. | Statutory information |
| Miele's Gelateria Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Changes in accounting policies |
| During the period, the directors have agreed that a change in depreciation charges on its plant and machinery was necessary, in order to more accurately reflect the residual values and useful working lives of its assets. |
| As part of this change in policy, the directors have reviewed the current realisable value of the company's plant and machinery, and the prior period accounts have been restated to reflect a more accurate net book value of these assets. More information is provided in the prior year adjustments note presented in these financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2025 |
| 2. | Accounting policies - continued |
| 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. |
| 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. |
| Fair value |
| Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2025 |
| 4. | Intangible fixed assets |
| Other |
| intangible |
| assets |
| £ |
| Cost |
| At 1st November 2024 |
| Additions |
| At 31st October 2025 |
| Amortisation |
| At 1st November 2024 |
| Charge for year |
| At 31st October 2025 |
| Net book value |
| At 31st October 2025 |
| At 31st October 2024 |
| 5. | Tangible fixed assets |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| Cost |
| At 1st November 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st October 2025 |
| Depreciation |
| At 1st November 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st October 2025 |
| Net book value |
| At 31st October 2025 |
| At 31st October 2024 |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2025 |
| 5. | Tangible fixed assets - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1st November 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st October 2025 |
| Depreciation |
| At 1st November 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st October 2025 |
| Net book value |
| At 31st October 2025 |
| At 31st October 2024 |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Miele's Gelateria Limited (Registered number: SC538376) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2025 |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Hire purchase contracts | 68,712 | 29,366 |
| 10. | Related party disclosures |
| During the year, the directors received salaries of £131,041 (2024: £55,000) and dividends of £105,000 (2024: £NIL). |