Mondo Beer Limited

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

Registered number: 15515366

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		75,705		65,839
Tangible Assets	5		276,316		292,818

			352,021		358,657
CURRENT ASSETS
Stocks	6	72,844		61,162
Debtors	7	296,834		211,994
Cash at bank and in hand		14,229		22,379

		383,907		295,535
Creditors: Amounts Falling Due Within One Year	8	(532,738 )		(215,132 )

NET CURRENT ASSETS (LIABILITIES)			(148,831 )		80,403

TOTAL ASSETS LESS CURRENT LIABILITIES			203,190		439,060

Creditors: Amounts Falling Due After More Than One Year	9		(443,689 )		(447,388 )

NET LIABILITIES			(240,499 )		(8,328 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(240,599 )		(8,428 )

SHAREHOLDERS' FUNDS			(240,499)		(8,328)

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Mondo Beer Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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

Mr R Thompson

Director

30th September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Mondo Beer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15515366 . The registered office is 86-92 Stewarts Road, London, SW8 4UG.

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

At 31 December 2025 the company had net liabilities of £240,499 and made a loss of £232,171 for the year, reflecting investment in growth following the acquisition of the trade and assets of Mondo Brewing Company Ltd.

In June and July 2026 the directors restructured the team, replacing higher-cost roles with fewer, lower-cost positions and moving the taproom to hourly staff, reducing monthly payroll costs by around 18%. Following these savings the company has traded profitably since August 2026, and the directors' forecasts show the company continuing to operate profitably and generate cash.

The company is funded by loans from directors of £443,689 which are not repayable within twelve months, and in May 2026 agreed a Time-to-Pay arrangement with HM Revenue & Customs for VAT and alcohol duty arrears. The directors have prepared forecasts covering at least twelve months from the date of approval of these financial statements which, together with the continued support of the lenders, show that the company can meet its liabilities as they fall due. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis and on 30 September 2026 the directors agreed to capitalise £250,000 of their loans into non-voting preference shares, strengthening the company's balance sheet.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 12 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Rebranding Costs. It is amortised to the profit and loss account over its estimated economic life of 4 years.

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Mondo Beer Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. 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%
Plant & Machinery	10
Motor Vehicles	0
Fixtures & Fittings	25%
Computer Equipment	25%

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 12)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2025	73,999	-	73,999
Additions	6,000	16,139	22,139

As at 31 December 2025	79,999	16,139	96,138

Amortisation
As at 1 January 2025	8,160	-	8,160
Provided during the period	10,329	1,944	12,273

As at 31 December 2025	18,489	1,944	20,433

Net Book Value
As at 31 December 2025	61,510	14,195	75,705

As at 1 January 2025	65,839	-	65,839

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Mondo Beer Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	12,591	296,463	2,523	2,311	313,888
Additions	13,593	2,518	-	-	16,111

As at 31 December 2025	26,184	298,981	2,523	2,311	329,999

Depreciation
As at 1 January 2025	840	19,425	420	385	21,070
Provided during the period	1,787	29,617	631	578	32,613

As at 31 December 2025	2,627	49,042	1,051	963	53,683

Net Book Value
As at 31 December 2025	23,557	249,939	1,472	1,348	276,316

As at 1 January 2025	11,751	277,038	2,103	1,926	292,818

6. Stocks

	31 December 2025	31 December 2024
	£	£
Stock	5,431	-
Ingredients	7,856	20,041
Finished goods	51,823	37,133
Work in progress	7,734	3,988

	72,844	61,162

7. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	158,252	139,771
Other debtors	138,582	72,223

	296,834	211,994

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Mondo Beer Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	180,139	43,608
Optimum Finance	119,572	100,890
Other creditors	74,997	11,897
Taxation and social security	158,030	58,737

	532,738	215,132

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025	31 December 2024
	£	£
Loan- J Matteson	342,599	346,298
Loan- Rupert Thompson	101,090	101,090

	443,689	447,388

10. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	100	100

11. Post Balance Sheet Events

On 30 September 2026 Mr J Matteson and Mr R Thompson, directors, agreed to capitalise £250,000 of their loans to the company (£187,500 and £62,500 respectively) into 250,000 non-voting preference shares of £1 each. On a sale of the company, the preference shares carry a right to receive £250,000 from the sale proceeds in priority to the ordinary shares, after repayment of the balance of the directors' loans. The preference shares carry no voting rights, no right to dividends and no rights to any return of capital on a liquidation of the company. Had the capitalisation taken place at 31 December 2025, the company would have reported net assets of £9,501.

12. Related Party Transactions

Included in creditors due after more than one year are loans from Mr J Matteson, a director, of £342,599 (2024: £346,298), which includes £39,219 of deferred consideration payable in respect of the acquisition of the trade and assets of Mondo Brewing Company Ltd, and from Mr R Thompson, a director, of £101,090 (2024: £101,090). The loans are interest free and have no fixed repayment date. On 30 September 2026, £187,500 of Mr J Matteson's loan and £62,500 of Mr R Thompson's loan were agreed to be capitalised into non-voting preference shares, as described in note 11.

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