Mauds (2302) Ltd NI694500 false 2023-02-13 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 NI694500 2023-02-13 2024-03-31 NI694500 2024-03-31 NI694500 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI694500 bus:Micro-entities 2023-02-13 2024-03-31 NI694500 bus:AuditExemptWithAccountantsReport 2023-02-13 2024-03-31 NI694500 bus:FilletedAccounts 2023-02-13 2024-03-31 NI694500 bus:SmallCompaniesRegimeForAccounts 2023-02-13 2024-03-31 NI694500 bus:RegisteredOffice 2023-02-13 2024-03-31 NI694500 bus:Director1 2023-02-13 2024-03-31 NI694500 bus:Director3 2023-02-13 2024-03-31 NI694500 bus:PrivateLimitedCompanyLtd 2023-02-13 2024-03-31 NI694500 countries:NorthernIreland 2023-02-13 2024-03-31 iso4217:GBP xbrli:pure

Registration number: NI694500

Mauds (2302) Ltd

Unaudited Filleted Financial Statements

for the Period from 13 February 2023 to 31 March 2024

 

Mauds (2302) Ltd

(Registration number: NI694500)
Balance Sheet as at 31 March 2024

2024
£

Fixed assets

97,801

Current assets

18,509

Prepayments and accrued income

1,299

 

(19,808)

Creditors: Amounts falling due within one year

(155,864)

Net liabilities

(38,255)

Capital and reserves

(38,255)

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

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 period, was 14.

3

Related party transactions

At the year end the Company owed the parent company Mauds (Holdings) Ltd £114,947 (2023: £7,396).
At the year end the Company owed the subsidiary company Mauds (Bangor) Ltd £14,585 (2023: £Nil). Management services totalling £12,154 were provided to the company by Mauds (Bangor) Ltd during the year.
At the year end the Company owed subsidiary company Mauds (1911) Ltd £2,503 (2023: £Nil). Management services totalling £2,212 were provided to the company by Mauds (1911) Ltd during the year.
At the year end the Company owed the related company Mauds Ice Creams Ltd £19,132 (2023: £1,196). The Company made purchases from Mauds Ice Creams Ltd at a normal fair price during the year £39,629 (2023: £Nil)
 

 

Mauds (2302) Ltd

(Registration number: NI694500)
Balance Sheet as at 31 March 2024

4

Going Concern

The company has a incurred a significant loss of £38,355 in the period, resulting in an insolvent position of the company. The insolvency position of the company is under review by the directors. It can only continue to trade as a result of the ongoing support of the related party company, the directors of which have confirmed that there is currently no intention to withdraw financial support for a period of at least one year from the date of signing these accounts. For this reason the directors consider it remains appropriate to prepare accounts on a going concern basis. In the event that this position changes and trading is ceased or funding suspended, 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 assets to practicaally nil realisable value, and the provision of liabilities including redundancy costs which have not been quantified at this time.

For the financial period 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 period 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