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COMPANY REGISTRATION NUMBER: 06438552
Mandeville Retail Limited
Filleted Unaudited Financial Statements
31 December 2024
Mandeville Retail Limited
Balance Sheet
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
3,576
5,655
Current assets
Debtors
6
477,350
537,918
Cash at bank and in hand
33,267
12,637
---------
---------
510,617
550,555
Creditors: amounts falling due within one year
7
101,806
237,050
---------
---------
Net current assets
408,811
313,505
---------
---------
Total assets less current liabilities
412,387
319,160
Creditors: amounts falling due after more than one year
8
5,642
15,759
---------
---------
Net assets
406,745
303,401
---------
---------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
396,745
293,401
---------
---------
Shareholders funds
406,745
303,401
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mandeville Retail Limited
Balance Sheet (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 20 March 2025 , and are signed on behalf of the board by:
P Shrimpton
Director
Company registration number: 06438552
Mandeville Retail Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 96 High Street, Burnham, Berkshire, SL1 7JT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Computer equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 9 ).
5. Tangible assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
9,091
13,548
22,639
-------
--------
--------
Depreciation
At 1 January 2024
8,762
8,222
16,984
Charge for the year
161
1,918
2,079
-------
--------
--------
At 31 December 2024
8,923
10,140
19,063
-------
--------
--------
Carrying amount
At 31 December 2024
168
3,408
3,576
-------
--------
--------
At 31 December 2023
329
5,326
5,655
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
56,534
120,463
Amounts owed by group undertakings
412,104
410,825
Other debtors
8,712
6,630
---------
---------
477,350
537,918
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
6,721
15,504
Amounts owed to group undertakings
89,885
Corporation tax
27,619
42,654
Social security and other taxes
35,656
50,245
Other creditors
21,810
28,762
---------
---------
101,806
237,050
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,642
15,759
-------
--------
9. Commitments under operating leases
The total future minimum lease payments under non-cancellable operating leases are payable as follows:
2024
2023
£
£
Not later than 1 year
18,464
18,464
Later than 1 year and not later than 5 years
43,083
61,547
--------
--------
61,547
80,011
--------
--------
10. Related party transactions
The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group.
11. Parent undertaking and ultimate controlling party
The company's ultimate parent company is Mandeville Recruitment Group Limited , incorporated in England and Wales. The address of its registered office is 1st Floor, 96 High Street, Burnham, Berkshire, SL1 7JT. The company's ultimate controlling party is Mr P Shrimpton by virtue of his majority holding in the voting share capital of the ultimate parent company.