Company No: 08717721 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	178,142		181,712
		178,142		181,712
Current assets
Stocks		75,631		69,795
Debtors	5	178,131		287,880
		253,762		357,675
Creditors: amounts falling due within one year	6	( 321,512)		( 292,016)
Net current (liabilities)/assets		(67,750)		65,659
Total assets less current liabilities		110,392		247,371
Creditors: amounts falling due after more than one year	7	( 37,228)		( 66,088)
Provision for liabilities		( 44,535)		( 45,428)
Net assets		28,629		135,855
Capital and reserves
Called-up share capital	8	200		200
Capital redemption reserve		100		100
Profit and loss account		28,329		135,555
Total shareholders' funds		28,629		135,855

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Moomaid of Zennor Ice Cream Limited (registered number: 08717721) were approved and authorised for issue by the Board of Directors on 28 July 2026. They were signed on its behalf by:

Mr Nicholas Monies Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Moomaid of Zennor Ice Cream Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tremedda Farm, Zennor, St Ives, TR26 3BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	10 % reducing balance
Vehicles	25 % reducing balance
Office equipment	10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		4

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2024	75,621		75,621
At 31 October 2025	75,621		75,621
Accumulated amortisation
At 01 November 2024	75,621		75,621
At 31 October 2025	75,621		75,621
Net book value
At 31 October 2025	0		0
At 31 October 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 November 2024	305,462		54,713		7,119		367,294
Additions	18,950		0		0		18,950
At 31 October 2025	324,412		54,713		7,119		386,244
Accumulated depreciation
At 01 November 2024	149,285		32,036		4,261		185,582
Charge for the financial year	16,565		5,669		286		22,520
At 31 October 2025	165,850		37,705		4,547		208,102
Net book value
At 31 October 2025	158,562		17,008		2,572		178,142
At 31 October 2024	156,177		22,677		2,858		181,712
Leased assets included above:
Net book value
At 31 October 2025	60,114		15,277		0		75,392
At 31 October 2024	46,791		20,370		0		67,161

5. Debtors

	2025		2024
	£		£
Trade debtors	28,597		26,342
Amounts owed by associates	122,739		234,743
Other debtors	26,795		26,795
	178,131		287,880

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	123,183		117,128
Trade creditors	31,591		37,362
Taxation and social security	126,973		100,820
Obligations under finance leases and hire purchase contracts	21,415		18,706
Other creditors	18,350		18,000
	321,512		292,016

The bank borrowing is secured by a fixed and floating charge.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		9,500
Obligations under finance leases and hire purchase contracts	37,228		41,588
Other creditors	0		15,000
	37,228		66,088

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 B ordinary shares of £ 1.00 each	100		100
100 C ordinary shares of £ 1.00 each	100		100
	200		200