Mauds (Holdings) Ltd NI655257 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true NI655257 2023-04-01 2024-03-31 NI655257 2024-03-31 NI655257 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI655257 bus:Micro-entities 2023-04-01 2024-03-31 NI655257 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI655257 bus:FilletedAccounts 2023-04-01 2024-03-31 NI655257 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI655257 bus:RegisteredOffice 2023-04-01 2024-03-31 NI655257 bus:Director3 2023-04-01 2024-03-31 NI655257 bus:Director4 2023-04-01 2024-03-31 NI655257 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI655257 countries:NorthernIreland 2023-04-01 2024-03-31 NI655257 2022-04-01 2023-03-31 NI655257 2023-03-31 NI655257 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: NI655257

Mauds (Holdings) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Mauds (Holdings) Ltd

(Registration number: NI655257)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

300

300

Current assets

122,768

86,341

Creditors: Amounts falling due within one year

(187,033)

(139,333)

Net current liabilities

(64,265)

(52,992)

Total assets less current liabilities

(63,965)

(52,692)

Accruals and deferred income

(500)

-

 

(64,465)

(52,692)

Capital and reserves

(64,465)

(52,692)

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
6 Sloefield Park
Trooperslane Industrial Park
Carrickfergus
Co Antrim
BT38 8GR

These financial statements were authorised for issue by the Board on 22 October 2024.

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'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

3

Related party transactions

At the year end the subsidiary company Mauds (2302) Ltd owed the Company £114,947 (2023: £7,396).
At the year end the subsidiary company Mauds (1911) Ltd owed the Company £85,781 (2023: £52,405). At each year end provision had been made in full for the outstanding debt.
At the year end the Company owed subsidiary company Mauds (Bangor) Ltd £114,824 (2023: £67,124).
At the year end the Company owed related company Mauds Ice Creams Ltd £72,209 (2023: £72,209).
 

 

Mauds (Holdings) Ltd

(Registration number: NI655257)
Balance Sheet as at 31 March 2024

4

Going Concern

The company has a incurred a loss of £11,773 in the period resulting in a further increase in both net current liabilities and total liabilities at the financial year end. The insolvency position of the company has arisen due to a bad debt provision made against one subsidary's loan over the years. However, another subsidary, which is now well established and trading profitably commenced paying dividends during the year. It is expected that this will continue over the coming years, which will ultimately reverse the deficit on reserves in due course. In the meantime, the company continues to benefit from the support of a related party 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 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

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 Board on 22 October 2024 and signed on its behalf by:
 

.........................................
Ms Roberta Mary Wilson
Director

.........................................
Mr Ian David Wilson
Director