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

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


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COMPANY REGISTRATION NUMBER: 06438552
Mandeville Retail Limited
Filleted Unaudited Financial Statements
31 December 2021
Mandeville Retail Limited
Balance Sheet
31 December 2021
2021
2020
Note
£
£
Fixed assets
Tangible assets
5
3,160
3,725
Current assets
Debtors
6
580,330
556,306
Cash at bank and in hand
60,862
49,832
---------
---------
641,192
606,138
Creditors: amounts falling due within one year
7
219,111
185,106
---------
---------
Net current assets
422,081
421,032
---------
---------
Total assets less current liabilities
425,241
424,757
Creditors: amounts falling due after more than one year
8
35,000
50,000
---------
---------
Net assets
390,241
374,757
---------
---------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
380,241
364,757
---------
---------
Shareholders funds
390,241
374,757
---------
---------
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 2021 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 2021
These financial statements were approved by the board of directors and authorised for issue on 4 March 2022 , 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 2021
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 9 (2020: 15 ).
5. Tangible assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 January 2021
11,266
14,944
26,210
Additions
1,256
1,256
Disposals
( 2,820)
( 8,295)
( 11,115)
--------
--------
--------
At 31 December 2021
8,446
7,905
16,351
--------
--------
--------
Depreciation
At 1 January 2021
10,432
12,053
22,485
Charge for the year
330
1,490
1,820
Disposals
( 2,819)
( 8,295)
( 11,114)
--------
--------
--------
At 31 December 2021
7,943
5,248
13,191
--------
--------
--------
Carrying amount
At 31 December 2021
503
2,657
3,160
--------
--------
--------
At 31 December 2020
834
2,891
3,725
--------
--------
--------
6. Debtors
2021
2020
£
£
Trade debtors
124,560
55,853
Amounts owed by group undertakings and undertakings in which the company has a participating interest
446,295
495,286
Other debtors
9,475
5,167
---------
---------
580,330
556,306
---------
---------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
10,000
Trade creditors
17,724
14,924
Amounts owed to group undertakings and undertakings in which the company has a participating interest
25,844
68,805
Corporation tax
38,572
15,284
Social security and other taxes
89,952
68,870
Other creditors
37,019
17,223
---------
---------
219,111
185,106
---------
---------
8. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
35,000
50,000
--------
--------
9. Commitments under operating leases
The total future minimum lease payments under non-cancellable operating leases are payable as follows:
2021
2020
£
£
Not later than 1 year
4,844
19,375
Later than 1 year and not later than 5 years
4,844
-------
--------
4,844
24,219
-------
--------
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.