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REGISTERED NUMBER: NI037530 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MITRE TRUST SHOP LIMITED

MITRE TRUST SHOP LIMITED (REGISTERED NUMBER: NI037530)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


MITRE TRUST SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R McClure
Mrs E P Humphreys
M G McMullan



REGISTERED OFFICE: 17 Clarendon Road
Belfast
BT1 3BG



REGISTERED NUMBER: NI037530 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
Chartered Certified Accountants
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Danske Bank
Donegall Square West
Belfast
BT1 6JS

MITRE TRUST SHOP LIMITED (REGISTERED NUMBER: NI037530)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 2,837 3,031
Debtors 4 190 -
Cash at bank and in hand 41,315 17,108
44,342 20,139
CREDITORS
Amounts falling due within one year 5 34,846 23,284
NET CURRENT ASSETS/(LIABILITIES) 9,496 (3,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,496

(3,145

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,495 (3,146 )
9,496 (3,145 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 10 September 2024 and were signed on its behalf by:





R McClure - Director


MITRE TRUST SHOP LIMITED (REGISTERED NUMBER: NI037530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Mitre Trust Shop Limited is a private company, limited by shares , registered in Northern Ireland. 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. ACCOUNTING POLICIES

Going concern
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. The financial statements have been prepared under the historical cost convention.

The company made a profit in the year of £12,641 (2022: £1,389) and at 31 December 2023 the company had net assets of £9,496 (2022: net liabilities of £3,145).

At year end the company owed its parent company £29,390 (2022: £16,690). This balance will not be recalled until such time as the company has adequate resources available.

The company is reliant on the continued support of its parent. The directors have reasonable expectation that this support will be available for at least one year from the date of signing these financial statements. Consequently, the financial statements have been prepared on a going concern basis. The financial statements do not include any adjustments which would result if the support was withdrawn.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

Gift aid payment to parent charity
The company pays all of its taxable profits for the reporting period to Mitre Trust, its parent charity, under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings in the year they were paid.

Turnover
Turnover represents sales of goods excluding value added tax.

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

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

MITRE TRUST SHOP LIMITED (REGISTERED NUMBER: NI037530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 190 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,732 4,777
Amounts owed to group undertakings 29,390 16,690
Taxation and social security 538 637
Other creditors 2,186 1,180
34,846 23,284

6. 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.

7. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Mitre Trust, a company incorporated in Northern Ireland. The financial statements of Mitre Trust are available to the public and can be accessed at Companies House, Belfast.