Caseware UK (AP4) 2024.0.164 2024.0.164 222023-01-01falseConstruction of domestic buildingsfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI683961 2023-01-01 2023-12-31 NI683961 2021-11-22 2022-12-31 NI683961 2023-12-31 NI683961 2022-12-31 NI683961 c:Director2 2023-01-01 2023-12-31 NI683961 d:CurrentFinancialInstruments 2023-12-31 NI683961 d:CurrentFinancialInstruments 2022-12-31 NI683961 d:Non-currentFinancialInstruments 2023-12-31 NI683961 d:Non-currentFinancialInstruments 2022-12-31 NI683961 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI683961 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI683961 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI683961 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 NI683961 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 NI683961 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 NI683961 d:ShareCapital 2023-12-31 NI683961 d:ShareCapital 2022-12-31 NI683961 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI683961 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI683961 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI683961 c:OrdinaryShareClass1 2023-12-31 NI683961 c:OrdinaryShareClass1 2022-12-31 NI683961 c:FRS102 2023-01-01 2023-12-31 NI683961 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI683961 c:FullAccounts 2023-01-01 2023-12-31 NI683961 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI683961 d:Right-of-useInvestmentProperty 2023-01-01 2023-12-31 NI683961 d:Right-of-useInvestmentProperty 2023-12-31 NI683961 d:Right-of-useInvestmentProperty 2022-12-31 NI683961 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: NI683961










Mandeville Developments NI Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Mandeville Developments NI Ltd
Registered number: NI683961

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
5,718,437
5,584,971

  
5,718,437
5,584,971

Current assets
  

Debtors: amounts falling due within one year
 5 
139,559
2,857

Cash at bank and in hand
  
361,941
29,446

  
501,500
32,303

Creditors: amounts falling due within one year
 6 
(1,745,560)
(18,331)

Net current (liabilities)/assets
  
 
 
(1,244,060)
 
 
13,972

Total assets less current liabilities
  
4,474,377
5,598,943

Creditors: amounts falling due after more than one year
  
(4,906,722)
(5,675,522)

  

Net liabilities
  
(432,345)
(76,579)


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
(432,351)
(76,585)

  
(432,345)
(76,579)


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Mandeville Developments NI Ltd
Registered number: NI683961

Balance Sheet (continued)
As at 31 December 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.




Michelle Lisa Katz
Director

The notes on pages 3 to 7 form part of these financial statements.

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Mandeville Developments NI Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Mandeville Developments NI Ltd is a private company limited by shares incorporated in Northern Ireland.
The registered office is Glendinning House, 6 Murray Street, Belfast, N. Ireland, BT1 6DN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
2.5

Investment Property

Investment property is initially recognition at cost. The cost of an investment property comprises its purchased price and only directly attributable expenditure. The value of investment property shall subsequently be reviewed at each year end to ensure that it is carried at fair value. Any changes in fair value are recognised in the profit and loss. No depreciation is provided.

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Mandeville Developments NI Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Property held for develop-ment

£



Valuation


At 1 January 2023
5,584,971


Additions at cost
133,466



At 31 December 2023
5,718,437

Investment property is initially recognised at cost. The cost of investment property comprises its purchase price and any directly attributable expenditure.

The directors have considered the valuation at 31 December 2023 and are satisfied that the value in the accounts equates to the fair value of the assets, as the value of the property was purchased at market value. As a result no fair value adjustment is recognised in the profit or loss.




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Mandeville Developments NI Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Other debtors
139,392
2,690

Prepayments and accrued income
167
167

139,559
2,857



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
1,688,236
-

Trade creditors
18,257
5,080

Corporation tax
32,400
-

Accruals and deferred income
6,667
13,251

1,745,560
18,331



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
950,000

Amounts owed to group undertakings
4,906,722
4,725,522

4,906,722
5,675,522


The following liabilities were secured:




Details of security provided:

The other loan is secured by a fixed and floating charges held over the investment property as disclosed in Note 5 and registered at Companies House. The amounts owed to group undertakings is secured by a fixed and floating charge held over the investment property as disclosed in Note 5 and registered at Companies House, no interest is charged on this loan.

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Mandeville Developments NI Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
1,688,236
-


1,688,236
-

Amounts falling due 1-2 years

Other loans
-
950,000

1,688,236
950,000


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Mandeville Developments NI Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6 (2022 - 6) Ordinary shares of £1.00 each
6
6



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