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 2022

Mandeville Retail Limited

Balance Sheet

31 December 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	5	2,912	3,160

Current assets

Debtors	6	532,268	580,330
Cash at bank and in hand		44,555	60,862
		---------	---------
		576,823	641,192

Creditors: amounts falling due within one year	7	196,913	219,111
		---------	---------
Net current assets		379,910	422,081
		---------	---------
Total assets less current liabilities		382,822	425,241

Creditors: amounts falling due after more than one year	8	25,000	35,000
		---------	---------
Net assets		357,822	390,241
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	347,822	380,241
	---------	---------
Shareholders funds	357,822	390,241
	---------	---------

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 2022 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 2022

These financial statements were approved by the board of directors and authorised for issue on 15 May 2023 , 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 2022

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 (2021: 9 ).

5. Tangible assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 January 2022	8,446	7,905	16,351
Additions	645	690	1,335
	-------	-------	--------
At 31 December 2022	9,091	8,595	17,686
	-------	-------	--------
Depreciation
At 1 January 2022	7,943	5,248	13,191
Charge for the year	456	1,127	1,583
	-------	-------	--------
At 31 December 2022	8,399	6,375	14,774
	-------	-------	--------
Carrying amount
At 31 December 2022	692	2,220	2,912
	-------	-------	--------
At 31 December 2021	503	2,657	3,160
	-------	-------	--------

6. Debtors

	2022	2021
	£	£
Trade debtors	83,194	124,560
Amounts owed by group undertakings	443,853	446,295
Other debtors	5,221	9,475
	---------	---------
	532,268	580,330
	---------	---------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	16,149	17,724
Amounts owed to group undertakings	62,641	25,844
Corporation tax	50,081	38,572
Social security and other taxes	40,423	89,952
Other creditors	17,619	37,019
	---------	---------
	196,913	219,111
	---------	---------

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

	2022	2021
	£	£
Bank loans and overdrafts	25,000	35,000
	--------	--------

9. Commitments under operating leases

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

	2022	2021
	£	£
Not later than 1 year	18,464	4,844
Later than 1 year and not later than 5 years	80,011	–
	--------	-------
	98,475	4,844
	--------	-------

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.