Melting Pot Fudge Limited iXBRL

Company Registration Number: NI636495

Melting Pot Fudge Limited

Financial Statements

for the financial period ended 31 October 2025

Melting Pot Fudge Limited

Company Registration Number: NI636495

Statement of Financial Position

as at 31 October 2025

Oct 25

Oct 24

Notes

Non-Current Assets

Intangible assets

5,934

Property, plant and equipment

9,168

259,090

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Non-Current Assets

15,102

259,090

─────────

Current Assets

Stocks

42,241

37,292

Debtors

118,942

31,567

Cash and cash equivalents

10,147

9,566

─────────

171,330

78,425

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Creditors: amounts falling due within one year

(52,554)

(145,490)

─────────

Net Current Assets/(Liabilities)

118,776

(67,065)

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Total Assets less Current Liabilities

133,878

192,025

Provisions for liabilities

(16,000)

─────────

Net Assets

133,878

176,025

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Capital and Reserves

Called up share capital

Revaluation reserve

72,827

Retained earnings

133,875

103,195

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Equity attributable to owners of the company

133,878

176,025

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

Approved by the Board and authorised for issue on 26 July 2026 and signed on its behalf by



________________________________
Gerard McAdorey
Director

Melting Pot Fudge Limited

Notes to the Financial Statements

for the financial period ended 31 October 2025

General Information

Melting Pot Fudge Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI636495. The registered office of the company is The Old Boiler House, 28 Ballymacarrett Road, Antrim, Northern Ireland. The principal activity of the company is the manufacture of fudge. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Intangible assets

Website

Website are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

4% Straight line

Plant and machinery

15% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 12 month 17 days period ended 31 October 2025.

The comparative figures relate to the 9 month period ended 14 October 2024.

Going concern

The company recorded an operating loss of £38,919 and a loss for the financial period of £38,980 (2024: profit of £6,778), while maintaining net assets of £133,878 at the reporting date (2024: £176,025).

In assessing going concern, the directors have prepared forecasts of the company's trading performance and cash flows covering a period of not less than twelve months from the date of approval of these financial statements. Having regard to the company's net asset position, its available cash resources and those forecasts, the directors are satisfied that the company will be able to meet its liabilities as they fall due over that period.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and they continue to adopt the going concern basis in preparing these financial statements.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by HCA Chartered Accountants Ltd.

The Auditor's Report was signed by Brian Hegarty (Senior Statutory Auditor) for and on behalf of HCA Chartered Accountants Ltd on 26th July 2026.

Employees

The average monthly number of employees, including directors, during the financial period was 4, (Oct 24 - 4).

Oct 25

Oct 24

Number

Number

Employees

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7.	Intangible assets
		Website

		£
	Cost
	At 15 October 2024	-
	Additions	6,132
		─────────
	At 31 October 2025	6,132
		─────────
	Amortisation
	Charge for financial period	198
		─────────
	At 31 October 2025	198
		─────────
	Net book value
	At 31 October 2025	5,934
		═════════


8.	Property, plant and equipment
		Land and	Plant and	Total
		buildings	machinery
		freehold
		£	£	£
	Cost or Valuation
	At 15 October 2024	250,000	40,599	290,599
	Additions	-	6,956	6,956
	Disposals	(230,833)	-	(230,833)
	Revaluation	(19,167)	-	(19,167)
		─────────	─────────	─────────
	At 31 October 2025	-	47,555	47,555
		─────────	─────────	─────────
	Depreciation
	At 15 October 2024	-	31,509	31,509
	Charge for the financial period	5,833	6,878	12,711
	On disposals	(5,833)	-	(5,833)
		─────────	─────────	─────────
	At 31 October 2025	-	38,387	38,387
		─────────	─────────	─────────
	Net book value
	At 31 October 2025	-	9,168	9,168
		═════════	═════════	═════════
	At 14 October 2024	250,000	9,090	259,090
		═════════	═════════	═════════


8.1.	Property, plant and equipment continued

	Property, plant and equipment included at a valuation would have been included on a historical cost basis at:

		Oct 25	Oct 24
		£	£

	Cost	-	185,667
	Depreciation	-	(24,494)
		─────────	─────────
	Net book value	-	161,173
		═════════	═════════

	The company's premises, previously carried at valuation, was disposed of during the financial period to the independent trustees of a pension scheme connected with one or more Directors of the company. The transfer took place at open market value. On disposal the related revaluation surplus was realised and transferred from the revaluation reserve to retained earnings, and the associated deferred tax provision was released. No assets were held at valuation at 31 October 2025.

Stocks

Oct 25

Oct 24

Raw materials

38,834

27,132

Finished goods and goods for resale

3,407

10,160

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42,241

37,292

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The replacement cost of stock did not differ significantly from the figures shown.


10.	Debtors	Oct 25	Oct 24
		£	£

	Trade debtors	24,596	17,392
	Amounts owed by group undertakings	74,625	-
	Other debtors	3,846	-
	Directors' current accounts (Note 15)	6,510	-
	Taxation	2,357	4,317
	Prepayments and accrued income	7,008	9,858
		─────────	─────────
		118,942	31,567
		═════════	═════════


11.	Creditors	Oct 25	Oct 24
	Amounts falling due within one year	£	£

	Trade creditors	30,635	6,854
	Taxation	6,419	1,563
	Directors' current accounts	-	135,573
	Accruals	15,500	1,500
		─────────	─────────
		52,554	145,490
		═════════	═════════


12.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Capital	Total
		allowances

		Oct 25	Oct 24
		£	£

	At financial period start	16,000	-
	Released during the financial period	(16,000)	-
	Charged to reserves	-	16,000
		─────────	─────────
	At financial period end	-	16,000
		═════════	═════════

	The provision recognised in the prior period related to deferred tax arising on the revaluation of the company's premises. Both the revaluation gain and deferred tax charge were credited to the revaluation reserve, and recognised within other comprehensive income.

13.

Capital commitments

The company had no material capital commitments at the financial period-ended 31 October 2025.

14.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

The company's premises, previously carried at valuation, was disposed of during the financial period to the independent trustees of a pension scheme connected with one or more Directors of the company. The transfer took place at open market value. Following the disposal, the company entered into a lease of the same premises with the pension scheme trustees and continues to occupy them for the purposes of its trade. Rent of £23,000 is payable to the pension scheme under the terms of the lease.

15.

Directors' advances, credits and guarantees

During the financial period the company advanced £6,510 to its directors. The advances are interest-free, unsecured and repayable on demand, and the maximum amount outstanding during the period was £6,510. No guarantees were entered into by the company on behalf of its directors during the period.

16.

Parent company

The company regards GM Marketing (Ireland) Limited as its parent company.

The parent of the largest group in which the results are consolidated is GM Marketing (Ireland) Limited.

GM Marketing (Ireland) Limited is registered in United Kingdom.

17.

Events After the End of the Reporting Period

Subsequent to the year-end the company and wider group entered into new banking facilities with Barclays Bank PLC, comprising a term loan and an invoice financing facility, which refinance the group's existing borrowing arrangements and provide additional funding for the group. The facilities are secured by fixed and floating charges over the company's assets and by guarantees given within the group.

There have been no other events since the year-end requiring disclosure or adjustment to these financial statements.


18.	Changes in Equity

	Other Comprehensive Income	Oct 25	Oct 24
		£	£

	Revaluation reserve unrealised movement on revaluation of property	(19,167)	88,827
		═════════	═════════


19.	Share Capital

	The share capital of the company was comprised of 3 Ordinary share of £1 each.

		Oct 25	Oct 24
		£	£

	Ordinary share capital	3	3
		═════════	═════════