Company No: 11757127 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets		1		1
Tangible assets	3	1,795		3,028
		1,796		3,029
Current assets
Stocks		73,485		68,203
Debtors	4	3,503		153,791
Cash at bank and in hand	5	83,394		72,582
		160,382		294,576
Creditors: amounts falling due within one year	6	( 40,221)		( 37,250)
Net current assets		120,161		257,326
Total assets less current liabilities		121,957		260,355
Provision for liabilities	7	( 449)		( 757)
Net assets		121,508		259,598
Capital and reserves
Called-up share capital		100		100
Profit and loss account		121,408		259,498
Total shareholder's funds		121,508		259,598

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Income Statement has not been delivered.

The financial statements of Mumfords Southwold Limited (registered number: 11757127) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R J Chadd Director

21 July 2026

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

Mumfords Southwold 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 66 High Street, Southwold, IP18 6DN, 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 £.

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position date.

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

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 or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement 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.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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 Statement of Financial Position 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

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		8

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 February 2025	6,404		6,404
At 31 January 2026	6,404		6,404
Accumulated depreciation
At 01 February 2025	3,376		3,376
Charge for the financial year	1,233		1,233
At 31 January 2026	4,609		4,609
Net book value
At 31 January 2026	1,795		1,795
At 31 January 2025	3,028		3,028

4. Debtors

	2026		2025
	£		£
Trade debtors	790		931
Amounts owed by Parent undertakings	0		151,128
Amounts owed by fellow subsidiaries	280		280
Prepayments	2,433		1,452
	3,503		153,791

5. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	83,394		72,582

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	6,451		3,937
Amounts owed to Parent undertakings	11		0
Accruals	5,060		5,718
Corporation tax	17,531		17,569
Other taxation and social security	10,970		9,995
Other creditors	198		31
	40,221		37,250

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 757)		( 160)
Credited/(charged) to the Income Statement	308		( 597)
At the end of financial year	( 449)		( 757)

8. Related party transactions

The total amount owed in aggregate to group undertakings included within the Statement of Financial Position at the year ended amounted to £269 (2025 : £151,408).