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

MANDEVILLE RETAIL LIMITED - Company Information

15 false false false false false false false false false true false false false false false false No description of principal activity 2020-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 06438552 2020-01-01 2020-12-31 06438552 2020-12-31 06438552 2019-12-31 06438552 2019-01-01 2019-12-31 06438552 2019-12-31 06438552 core:FurnitureFittings 2020-01-01 2020-12-31 06438552 bus:Director2 2020-01-01 2020-12-31 06438552 core:FurnitureFittings 2019-12-31 06438552 core:FurnitureFittings 2020-12-31 06438552 core:WithinOneYear 2020-12-31 06438552 core:WithinOneYear 2019-12-31 06438552 core:AfterOneYear 2020-12-31 06438552 core:ShareCapital 2020-12-31 06438552 core:ShareCapital 2019-12-31 06438552 core:RetainedEarningsAccumulatedLosses 2020-12-31 06438552 core:RetainedEarningsAccumulatedLosses 2019-12-31 06438552 core:FurnitureFittings 2019-12-31 06438552 bus:SmallEntities 2020-01-01 2020-12-31 06438552 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 06438552 bus:FullAccounts 2020-01-01 2020-12-31 06438552 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 06438552 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 06438552 core:ComputerEquipment 2020-01-01 2020-12-31 06438552 core:ComputerEquipment 2019-12-31 06438552 core:ComputerEquipment 2020-12-31

COMPANY REGISTRATION NUMBER: 06438552

Mandeville Retail Limited

Filleted Unaudited Financial Statements

31 December 2020

Mandeville Retail Limited

Balance Sheet

31 December 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	3,725	3,776

Current assets

Debtors	6	556,306	733,054
Cash at bank and in hand		49,832	25,936
		---------	---------
		606,138	758,990

Creditors: amounts falling due within one year	7	185,106	158,576
		---------	---------
Net current assets		421,032	600,414
		---------	---------
Total assets less current liabilities		424,757	604,190

Creditors: amounts falling due after more than one year	8	50,000	–
		---------	---------
Net assets		374,757	604,190
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	364,757	594,190
	---------	---------
Shareholders funds	374,757	604,190
	---------	---------

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 2020 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 2020

These financial statements were approved by the board of directors and authorised for issue on 23 March 2021 , 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 2020

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 15 (2019: 15 ).

5. Tangible assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 January 2020	11,266	12,948	24,214
Additions	–	1,996	1,996
	--------	--------	--------
At 31 December 2020	11,266	14,944	26,210
	--------	--------	--------
Depreciation
At 1 January 2020	10,063	10,375	20,438
Charge for the year	369	1,678	2,047
	--------	--------	--------
At 31 December 2020	10,432	12,053	22,485
	--------	--------	--------
Carrying amount
At 31 December 2020	834	2,891	3,725
	--------	--------	--------
At 31 December 2019	1,203	2,573	3,776
	--------	--------	--------

6. Debtors

	2020	2019
	£	£
Trade debtors	55,853	152,414
Amounts owed by group undertakings and undertakings in which the company has a participating interest	495,286	571,781
Other debtors	5,167	8,859
	---------	---------
	556,306	733,054
	---------	---------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	14,924	16,418
Amounts owed to group undertakings and undertakings in which the company has a participating interest	68,805	9,080
Corporation tax	15,284	33,846
Social security and other taxes	68,870	56,904
Other creditors	17,223	42,328
	---------	---------
	185,106	158,576
	---------	---------

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

	2020	2019
	£	£
Bank loans and overdrafts	50,000	–
	--------	----

9. Commitments under operating leases

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

	2020	2019
	£	£
Not later than 1 year	19,375	19,375
Later than 1 year and not later than 5 years	4,844	24,219
	--------	--------
	24,219	43,594
	--------	--------

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.