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COMPANY REGISTRATION NUMBER: NI709952

Mauds Peninsula Limited

Filleted Unaudited Financial Statements

28 February 2025

Mauds Peninsula Limited

Balance Sheet

28 February 2025

| 28 Feb 25
Note | £

Fixed assets

Tangible assets | 5 | 66,341

Current assets

Stocks | 48,102
Debtors | 6 | 1,602
Cash at bank and in hand | 14,474
| --------
| 64,178

Creditors: amounts falling due within one year | 7 | 47,559
| --------
Net current assets | 16,619
| --------
Total assets less current liabilities | 82,960

Creditors: amounts falling due after more than one year | 8 | 76,354
| --------
Net assets | 6,606
| --------

Capital and reserves

Called up share capital | 200
Profit and loss account | 6,406
| -------
Shareholders funds | 6,606
| -------

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 comprehensive income has not been delivered.
For the period ending 28 February 2025 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 period 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 .

Mauds Peninsula Limited

Balance Sheet (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 7 May 2025 , and are signed on behalf of the board by:

Gareth Graham | Carol Heaps
Director | Director

Company registration number: NI709952

Mauds Peninsula Limited

Notes to the Financial Statements

Period from 12 February 2024 to 28 February 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 58 Main Street, Ballywalter, County Down, BT22 2PQ.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Short leasehold property | - | 2% straight line
| Plant and machinery | - | 20% reducing balance
| Fixtures and fittings | - | 20% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 10 .
5. Tangible assets

| Short leasehold property | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £
Cost |  |  |  |
At 12 February 2024 | – | – | – | –
Additions | 6,790 | 66,233 | 5,811 | 78,834
| ------- | -------- | ------- | --------
At 28 February 2025 | 6,790 | 66,233 | 5,811 | 78,834
| ------- | -------- | ------- | --------
Depreciation |  |  |  |
At 12 February 2024 | – | – | – | –
Charge for the period | 91 | 11,702 | 700 | 12,493
| ------- | -------- | ------- | --------
At 28 February 2025 | 91 | 11,702 | 700 | 12,493
| ------- | -------- | ------- | --------
Carrying amount |  |  |  |
At 28 February 2025 | 6,699 | 54,531 | 5,111 | 66,341
| ------- | -------- | ------- | --------

6. Debtors

| 28 Feb 25
| £
Other debtors | 1,602
| -------

7. Creditors: amounts falling due within one year

| 28 Feb 25
| £
Trade creditors | 5,724
Social security and other taxes | 7,908
Other creditors | 33,927
| --------
| 47,559
| --------

8. Creditors: amounts falling due after more than one year

| 28 Feb 25
| £
Other creditors | 76,354
| --------

9. Financial instruments
The carrying amount for each category of financial instrument is as follows:

| 28 Feb 25
| £

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss | 14,474
| --------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss | 96,354
| --------