Registration number:
Mauds (1911) Ltd
for the Year Ended 31 March 2024
Mauds (1911) Ltd
(Registration number: NI665252)
Balance Sheet as at 31 March 2024
2024 |
2023 |
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Fixed assets |
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|
Current assets |
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|
Prepayments and accrued income |
|
|
12,330 |
8,034 |
|
Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
( |
( |
Accruals and deferred income |
( |
( |
( |
( |
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Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Mauds (1911) Ltd
(Registration number: NI665252)
Balance Sheet as at 31 March 2024
Related party transactions |
At the year end the Company owed the parent company Mauds (Holdings) Ltd £85,781 (2023: £52,405).
At the year end the Company owed the subsidiary company Mauds (Bangor) Ltd £18,146 (2023: £18,976). At the year end Mauds (Bangor) Ltd owed the Company £20,335 (2023: Nil) in respect of losses surrendered for group relief.
At the year end the Company owed the related company Mauds Ice Creams Ltd £165,223 (2023: £150,484). The Company made purchases from Mauds Ice Creams Ltd at a normal fair price during the year £39,283 (2023: £31,173)
At the year end the subsidiary company Mauds (2302) Ltd owed the Company £2,503 (2023: £Nil)
During the year Mauds (Bangor) Ltd provided managment services totalling £5,857 (2023: £9,437) to the Company.
The Company Mauds (1911) Ltd provided managment services totalling £2,212 (2023: £Nil) to Mauds (2302) Ltd.
Going Concern |
The insolvency position of the company has worsened in the year, and is constantly under review by the directors. The company can only continue to trade as a result of the ongoing support of the related party company, the directors of which have confirmed there is no intention to withdraw financial support. The lease on the premises from which the company trades is due for renewal in 2025, and the directors have given notice that this will not be renewed by the company. They are also in dicussions with an interested party to sell the ongoing trading business, and it is expected that this will be finalised shortly. For this reason the directors consider it remains appropriate to prepare accounts on a going concern basis. In the event that this position changes, then going concern would be no longer appropriate and the accounts would require to be restated, which could lead to a write down of the assest to practically nil realisable value, and the provision of liabilities including redundancy costs which have not been quantified at this time.
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mauds (1911) Ltd
(Registration number: NI665252)
Balance Sheet as at 31 March 2024
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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