Mama's Italian Kitchen Limited

Mama's Italian Kitchen Limited
Statement of Financial Position
As at 29 November 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	26,568	35,424
Tangible fixed assets	4	374,062	377,514
		400,630	412,938
Current assets
Stocks	5	11,025	11,025
Debtors	6	2,130	952
Cash at bank and in hand		(1,502)	836
		11,653	12,813
Creditors: amount falling due within one year	7	(309,463)	(217,212)
Net current assets		(297,810)	(204,399)

Total assets less current liabilities		102,820	208,539
Creditors: amount falling due after more than one year	8	(312,646)	(320,567)
Provisions for liabilities	9	(3,141)	(3,797)
Net assets		(212,967)	(115,825)

Capital and reserves
Called up share capital		2	2
Profit and loss account		(212,969)	(115,827)
Shareholders' funds		(212,967)	(115,825)

For the year ended 29 November 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 accounts for the year in question 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 accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:

-------------------------------
Curtis Cooper
Director

Mama's Italian Kitchen Limited
Notes to the Financial Statements
For the year ended 29 November 2025

General Information

Mama's Italian Kitchen Limited is a private company, limited by shares, registered in England and Wales, registration number 07403158, registration address 43a Front Street, Cleadon Village, Sunderland, Tyne & Wear, SR6 7PG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 5 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 12 (2024 : 16).

Intangible fixed assets

Cost	Other	Total
	£	£
At 30 November 2024	44,280	44,280
Additions	-	-
Disposals	-	-
At 29 November 2025	44,280	44,280
Amortisation
At 30 November 2024	8,856	8,856
Charge for year	8,856	8,856
On disposals	-	-
At 29 November 2025	17,712	17,712
Net book values
At 29 November 2025	26,568	26,568
At 29 November 2024	35,424	35,424

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 30 November 2024	357,530	15,000	62,748	435,278
Additions	-	-	-	-
Disposals	-	-	-	-
At 29 November 2025	357,530	15,000	62,748	435,278
Depreciation
At 30 November 2024	-	10,452	47,312	57,764
Charge for year	-	1,137	2,315	3,452
On disposals	-	-	-	-
At 29 November 2025	-	11,589	49,627	61,216
Net book values
Closing balance as at 29 November 2025	357,530	3,411	13,121	374,062
Opening balance as at 30 November 2024	357,530	4,548	15,436	377,514

Stocks

	2025 £		2024 £
Stocks	11,025		11,025
	11,025		11,025

Debtors: amounts falling due within one year

	2025 £	2024 £
Other Debtors	1,178	0
Corporation Tax	952	952
	2,130	952

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	37,225	11,977
Bank Loans & Overdrafts	6,078	6,227
Mortgage Loan	6,151	10,308
PAYE & Social Security	16,160	7,646
Pension Control	(172)	0
Accrued Expenses	6,258	8,439
Other Creditors	0	5,087
Directors' Current Accounts	207,471	146,295
VAT	30,292	21,233
	309,463	217,212

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	19,347	25,275
Mortgage Loan	293,299	295,292
	312,646	320,567

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	3,141		3,797
	3,141		3,797

10.	Directors advances, credits and guarantees Included in creditors: amounts due within one year, are amounts owed to the directors of £207,471 (2024-£146,295)

Registered Number: 07403158
England and Wales
MAMA'S ITALIAN KITCHEN LIMITED

Unaudited Financial Statements

Period of accounts Start date: 30 November 2024 End date: 29 November 2025