1 April 2022 v2023.23.2 micro_entity_frs_105_v1_1_0 filingSoftwarefalsetruetruetrueNo description of principal activity00truexbrli:purexbrli:sharesiso4217:GBPNI6552572022-04-012023-03-31NI6552572023-03-31NI6552572022-03-31NI655257core:WithinOneYear2023-03-31NI655257core:WithinOneYear2022-03-31NI655257bus:RegisteredOffice2022-04-012023-03-31NI655257bus:Director12022-04-012023-03-31NI655257bus:Director22022-04-012023-03-31NI65525712022-04-012023-03-31NI6552572021-04-012022-03-31NI655257countries:NorthernIreland2022-04-012023-03-31NI655257bus:AuditExemptWithAccountantsReport2022-04-012023-03-31NI655257bus:PrivateLimitedCompanyLtd2022-04-012023-03-31NI655257bus:Micro-entities2022-04-012023-03-31NI655257bus:FullAccounts2022-04-012023-03-31
Company registration number:
NI655257
Mauds (Holdings) Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Mauds (Holdings) Ltd
Statement of Financial Position
31 March 2023
20232022
££
Fixed assets
300
 
200
 
   
Current assets
86,341
 
68,132
 
Creditors: amounts falling due within one year
(139,333
)
(81,743
)
Net current liabilities
(52,992
)
(13,611
)
Total assets less current liabilities
(52,692
)
(13,411
)
   
Capital and reserves
(52,692
)
(13,411
)

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
6 Sloefield Park
,
Troopers Lane Industrial Park
,
Carrickfergus
,
Antrim
,
BT38 8GR
, Northern Ireland.

2 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

3 Guarantees and other financial commitments

Related Party Transactions and Balances
At both the current and prior financial year end the company owed £72,209 to a related company which is included within Creditors: amounts falling due within one year. There was no movement in the period.
Group Company Transactions and Balances
Due from Group Companies (included within Current assets)
Amount outstanding at start of year £13,222
Advances in year (net) £46,580
Bad debt provision - at start of year ( £13,222 )
Bad debt provision - provided for in year ( £39,184 )
Amount outstanding at end of year £ 7,396
Due to Group Companies (included within Creditors: amounts falling due within one year)
Amount outstanding at start of year £9,534
Advances in year (net) £57,590
Amount outstanding at end of year £67,124
Going Concern
The company is currently insolvent by virtue of the bad debt provision arising against one subsidiary company loan, however it is anticipated that another subsidiary which is now well established and trading profitably will be in a position to commence paying dividends in the coming year and ultimately reverse the deficit on reserves in due course. In the meantime, the company continues to benefit from the support of a related company loan which is only repayable as and when funds become available and the directors are content that it remains appropriate to prepare accounts on a going concern basis.
For the year ending
31 March 2023
, 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 year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
13 October 2023
, and are signed on behalf of the board by:
Mrs R Wilson
Mr D Wilson
DirectorDirector
Company registration number:
NI655257