IRIS Accounts Production v23.3.0.418 12996029 Board of Directors 1.7.22 30.6.23 30.6.23 23/10/2023 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129960292022-06-30129960292023-06-30129960292022-07-012023-06-30129960292021-06-30129960292021-07-012022-06-30129960292022-06-3012996029ns10:Originalns15:EnglandWales2022-07-012023-06-3012996029ns14:PoundSterlingns10:Original2022-07-012023-06-3012996029ns10:Originalns10:Director12022-07-012023-06-3012996029ns10:Original2022-07-012023-06-3012996029ns10:Original2023-06-3012996029ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3012996029ns10:Originalns10:SmallEntities2022-07-012023-06-3012996029ns10:Originalns10:Audited2022-07-012023-06-3012996029ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3012996029ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3012996029ns10:Originalns10:FullAccounts2022-07-012023-06-3012996029ns10:Original2021-07-012022-06-3012996029ns10:EntityHasNeverTradedns10:Original2022-07-012023-06-3012996029ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3012996029ns10:Originalns10:Director22022-07-012023-06-3012996029ns10:Originalns10:RegisteredOffice2022-07-012023-06-3012996029ns10:Original2022-06-3012996029ns10:Originalns5:CurrentFinancialInstruments2023-06-3012996029ns10:Originalns5:CurrentFinancialInstruments2022-06-3012996029ns5:ShareCapitalns10:Original2023-06-3012996029ns5:ShareCapitalns10:Original2022-06-3012996029ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3012996029ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3012996029ns10:Originalns5:PlantMachinery2022-07-012023-06-3012996029ns10:Originalns5:PlantMachinery2022-06-3012996029ns10:Originalns5:PlantMachinery2023-06-3012996029ns10:Originalns5:PlantMachinery2022-06-3012996029ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012996029ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3012996029ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 12996029 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ANNIE & MAUDE LIMITED

ANNIE & MAUDE LIMITED (REGISTERED NUMBER: 12996029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANNIE & MAUDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: M J Mitchell
T S Julian





REGISTERED OFFICE: Old Mansion House
9 Quay Street
TRURO
Cornwall
TR1 2HE





REGISTERED NUMBER: 12996029 (England and Wales)





AUDITORS: Lang Bennetts Audit Limited
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

ANNIE & MAUDE LIMITED (REGISTERED NUMBER: 12996029)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,727 18,206

CURRENT ASSETS
Stocks 112,819 119,037
Debtors 6 2,244 3,815
Cash at bank and in hand 79,897 45,396
194,960 168,248
CREDITORS
Amounts falling due within one year 7 377,892 268,096
NET CURRENT LIABILITIES (182,932 ) (99,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(170,205

)

(81,642

)

PROVISIONS FOR LIABILITIES 3,182 4,551
NET LIABILITIES (173,387 ) (86,193 )

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Retained earnings (223,387 ) (136,193 )
SHAREHOLDERS' FUNDS (173,387 ) (86,193 )

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





M J Mitchell - Director


ANNIE & MAUDE LIMITED (REGISTERED NUMBER: 12996029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Annie & Maude Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company has incurred a loss for the year and as a result has net liabilities of £173,387 in its balance sheet. The company is supported by loans from the parent company, Cornwall Group Limited, which has undertaken to continue to provide this support for a period of at least 12 months from the date of approval of the accounts. On this basis, the accounts have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the sale of goods when the entity has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ANNIE & MAUDE LIMITED (REGISTERED NUMBER: 12996029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 21,352
Disposals (1,690 )
At 30 June 2023 19,662
DEPRECIATION
At 1 July 2022 3,146
Charge for year 3,958
Eliminated on disposal (169 )
At 30 June 2023 6,935
NET BOOK VALUE
At 30 June 2023 12,727
At 30 June 2022 18,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 173
Other debtors 2,244 3,642
2,244 3,815

ANNIE & MAUDE LIMITED (REGISTERED NUMBER: 12996029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,042 23,063
Amounts owed to group undertakings 356,879 234,581
Other creditors 7,971 10,452
377,892 268,096

8. LEASING AGREEMENTS

The leased properties are occupied under a tenancy at will arrangement with rents reviewed annually. No commitment is disclosed for property occupied on this basis.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Company credit card - 3,721

A company credit card facility is secured by means of a cross guarantee with other group companies.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1 50,000 50,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr J Pearce (Senior Statutory Auditor)
for and on behalf of Lang Bennetts Audit Limited

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company rented premises from the controlling director's pension scheme in the sum of £12,000 (2022: £nil).

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Mitchell who together with his spouse controls 100% of the parent company, Cornwall Group Limited.