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Registered number: 01211027
Seventy7 Manchester Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Lomas and Company Accountants Limited
Seventy7 Manchester Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Seventy7 Manchester Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 01211027

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 146,730 |  | 61,587
|  |  | 146,730 |  | 61,587
CURRENT ASSETS
Debtors | 5 | 1,697,831 |  | 1,757,434 |
Cash at bank and in hand |  | 165,343 |  | 120,981 |
|  | 1,863,174 |  | 1,878,415 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,446,382 ) |  | (1,379,655 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 416,792 |  | 498,760
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 563,522 |  | 560,347
NET ASSETS |  |  | 563,522 |  | 560,347
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Capital redemption reserve |  |  | 2,250 |  | 2,250
Profit and Loss Account |  |  | 561,172 |  | 557,997
SHAREHOLDERS' FUNDS |  |  | 563,522 |  | 560,347

Page 1
Page 2
Seventy7 Manchester Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Ms Jayne Riley Director
08/07/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Seventy7 Manchester Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Seventy7 Manchester Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01211027 . The registered office is St Thomas's Parish Rooms Niven Street, Ardwick, Manchester, M12 6PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Material Uncertainty
As explained in note 5, debtors over one year relate to £458,318 recoverable from D Walter, a former director, together with £100,213 due from HMRC which is dependent on the settlement of the loan from Mr Walter. The loan from Mr Walter is repayable by 4th October 2026, unless extended by mutual consent. The directors are not able to assess Mr Walter’s ability to repay the loan on the due date or the ultimate recovery of the loan, and hence also the amount due from HMRC. This represents a material uncertainty in the carrying value of the debtors over one year in the accounts.
Going Concern
Notwithstanding the material uncertainty above, after reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its accounts.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 10% on cost
Plant & Machinery | 20% on cost
Fixtures & Fittings | 15% on cost
Computer Equipment | 33% on cost

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Seventy7 Manchester Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Financial Instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.
Bank loans are initially measured at the present value of future payments, discounted at a market rate o interest, and subsequently at amortised cost using the effective interest method.
Directors' loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Seventy7 Manchester Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.10. Preparation of consolidated financial statements
The financial statements contain information about Seventy7 Manchester Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2.11. Post Balance Sheet Event and Contingent Liability
In April 2026 the Company received a dilapidations claim in respect of The Old School House properties that were vacated on 31st May 2025 in the sum of £89,000. This claim has been resisted in that, inter alia, it claims for the rectification of faults which existed on commencement of the lease and for items the rectification of which have been superseded by the substantial alterations that have been performed since the properties were vacated.
The accounts contain a provision of £20k which the directors consider is adequate for any residual claim.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2024: 33)
29 33
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 December 2024 | 150,279 | 43,600 | 64,287 | 193,851 | 452,017
Additions | 103,272 | 867 | 8,117 | 2,663 | 114,919
As at 30 November 2025 | 253,551 | 44,467 | 72,404 | 196,514 | 566,936
Depreciation
As at 1 December 2024 | 130,162 | 40,613 | 58,808 | 160,847 | 390,430
Provided during the period | 9,130 | 816 | 1,497 | 18,333 | 29,776
As at 30 November 2025 | 139,292 | 41,429 | 60,305 | 179,180 | 420,206
Net Book Value
As at 30 November 2025 | 114,259 | 3,038 | 12,099 | 17,334 | 146,730
As at 1 December 2024 | 20,117 | 2,987 | 5,479 | 33,004 | 61,587

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 717,066 |  | 883,750
Amounts owed by group undertakings | 166,625 |  | 68,667
Other debtors | 255,609 |  | 246,486
| 1,139,300 |  | 1,198,903
Due after more than one year
Other debtors | 558,531 |  | 558,531
| 1,697,831 |  | 1,757,434

Page 5
Page 6
Seventy7 Manchester Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
Other debtors over 1 year relate to monies recoverable from D Walter, a former director. The loan is repayable by 4 October 2026, unless extended by mutual consent. The directors are not able to assess Mr Walter's ability to repay the loan on the due date.
Taxation over 1 year relates to s455 tax paid in relation to a former director's overdrawn loan account that will
become refundable to the company upon repayment of the loan.
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 531,365 |  | 560,285
Bank loans and overdrafts | 499,844 |  | 113,871
Amounts owed to group undertakings | 63,108 |  | 82,885
Other creditors | 217,443 |  | 365,894
Taxation and social security | 134,622 |  | 256,720
| 1,446,382 |  | 1,379,655

Social security and other taxes in 2024 include £118,640 in respect of taxation obligations relating to historic tax planning. The amount was paid off in full in the 2025 financial year.
7. Secured Creditors
Of the creditors the following amounts are secured.
Bank loans and overdrafts - unlimited guarantee given by the company dated 20 November 2013, 2 October 2014, and 5 January 2024

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 499,844 |  | 113,871

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Ultimate Controlling Party
The directors regard Seventy7 Group Limited, a company incorporated in England and Wales, as being the company's ultimate parent undertaking and controlling party.
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