MAVIX DEVELOPMENTS LTD

Company Registration Number:
12498925 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2021

Period of accounts

Start date: 1 January 2021

End date: 31 December 2021

MAVIX DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Additional notes
Balance sheet notes

MAVIX DEVELOPMENTS LTD

Balance sheet

As at 31 December 2021

Notes 2021 10 months to 31 December 2020


£

£
Fixed assets
Tangible assets: 3 4,424 6,887
Investments: 4 45 45
Total fixed assets: 4,469 6,932
Current assets
Cash at bank and in hand: 58,781 2,220
Total current assets: 58,781 2,220
Creditors: amounts falling due within one year: 5 ( 59,500 ) ( 500 )
Net current assets (liabilities): (719) 1,720
Total assets less current liabilities: 3,750 8,652
Total net assets (liabilities): 3,750 8,652
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 3,748 8,650
Total Shareholders' funds: 3,750 8,652

The notes form part of these financial statements

MAVIX DEVELOPMENTS LTD

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 13 September 2022
and signed on behalf of the board by:

Name: M.J. Goodwin
Status: Director

The notes form part of these financial statements

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Computer equipment - over 3 years, Motor vehicles - over 4 years

    Other accounting policies

    Investments - Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees

    2021 10 months to 31 December 2020
    Average number of employees during the period 0 0

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2021 1,500 7,850 9,350
Additions
Disposals
Revaluations
Transfers
At 31 December 2021 1,500 7,850 9,350
Depreciation
At 1 January 2021 500 1,963 2,463
Charge for year 500 1,963 2,463
On disposals
Other adjustments
At 31 December 2021 1,000 3,926 4,926
Net book value
At 31 December 2021 500 3,924 4,424
At 31 December 2020 1,000 5,887 6,887

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Fixed assets investments note

Other investments brought forward and carried forward: £45 (2020: £45).

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due within one year note

2021 10 months to 31 December 2020
£ £
Accruals and deferred income 500 500
Other creditors 59,000
Total 59,500 500