Mauds (1911) Ltd NI665252 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is sale of ice cream Digita Accounts Production Advanced 6.30.9574.0 true NI665252 2023-04-01 2024-03-31 NI665252 2024-03-31 NI665252 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI665252 bus:Micro-entities 2023-04-01 2024-03-31 NI665252 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI665252 bus:FilletedAccounts 2023-04-01 2024-03-31 NI665252 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI665252 bus:RegisteredOffice 2023-04-01 2024-03-31 NI665252 bus:Director1 2023-04-01 2024-03-31 NI665252 bus:Director3 2023-04-01 2024-03-31 NI665252 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI665252 countries:NorthernIreland 2023-04-01 2024-03-31 NI665252 2022-04-01 2023-03-31 NI665252 2023-03-31 NI665252 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: NI665252

Mauds (1911) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Mauds (1911) Ltd

(Registration number: NI665252)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

65,497

76,446

Current assets

11,338

5,960

Prepayments and accrued income

992

2,074

 

12,330

8,034

Creditors: Amounts falling due within one year

(249,933)

(222,691)

Net current liabilities

(237,603)

(214,657)

Total assets less current liabilities

(172,106)

(138,211)

Accruals and deferred income

(5,426)

(4,981)

 

(177,532)

(143,192)

Capital and reserves

(177,532)

(143,192)

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 15 (2023 - 11).

 

Mauds (1911) Ltd

(Registration number: NI665252)
Balance Sheet as at 31 March 2024

3

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.

4

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:

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.

 

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

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

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