Mandeville Retail Limited Filleted accounts for Companies House (small and micro)

MANDEVILLE RETAIL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06438552

Mandeville Retail Limited

Filleted Unaudited Financial Statements

31 December 2019

Mandeville Retail Limited

Balance Sheet

31 December 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	6	3,776	4,554

Current assets

Debtors	7	733,054	669,007
Cash at bank and in hand		25,936	19,420
		---------	---------
		758,990	688,427

Creditors: amounts falling due within one year	8	158,576	131,003
		---------	---------
Net current assets		600,414	557,424
		---------	---------
Total assets less current liabilities		604,190	561,978
		---------	---------
Net assets		604,190	561,978
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	594,190	551,978
	---------	---------
Shareholders funds	604,190	561,978
	---------	---------

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 2019 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 2019

These financial statements were approved by the board of directors and authorised for issue on 3 March 2020 , 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 2019

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	-	20% straight line
Computer equipment	-	20% 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 15 (2018: 15 ).

5. Taxation

	2019	2018
	£	£
Corporation tax
Current tax on profits for the year	33,846	5,523
Group taxation relief	–	26,060
	--------	--------
Total current tax	33,846	31,583
Deferred tax
Origination and reversal of timing differences	–	1,563
	--------	--------
Taxation on profit on ordinary activities	33,846	33,146
	--------	--------

6. Tangible assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 January 2019	10,058	45,975	56,033
Additions	1,208	396	1,604
Disposals	–	( 33,423)	( 33,423)
	--------	--------	--------
At 31 December 2019	11,266	12,948	24,214
	--------	--------	--------
Depreciation
At 1 January 2019	9,894	41,585	51,479
Charge for the year	169	2,213	2,382
Disposals	–	( 33,423)	( 33,423)
	--------	--------	--------
At 31 December 2019	10,063	10,375	20,438
	--------	--------	--------
Carrying amount
At 31 December 2019	1,203	2,573	3,776
	--------	--------	--------
At 31 December 2018	164	4,390	4,554
	--------	--------	--------

7. Debtors

	2019	2018
	£	£
Trade debtors	152,414	101,147
Amounts owed by group undertakings and undertakings in which the company has a participating interest	571,781	551,849
Other debtors	8,859	16,011
	---------	---------
	733,054	669,007
	---------	---------

8. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	16,418	20,830
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9,080	59,465
Corporation tax	33,846	5,523
Social security and other taxes	56,904	31,407
Other creditors	42,328	13,778
	---------	---------
	158,576	131,003
	---------	---------

9. Commitments under operating leases

The total future minimum lease payments under non-cancellable operating leases are payable as follows:

	2019	2018
	£	£
Not later than 1 year	19,375	19,375
Later than 1 year and not later than 5 years	24,219	43,594
	--------	--------
	43,594	62,969
	--------	--------

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.