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Registration number: 12874912

Maia Research Ltd

Annual Report and Unaudited Financial Statements

for the Period from 13 September 2020 to 30 September 2021

 

Maia Research Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Maia Research Ltd

Company Information

Director

Mrs Maia Chiara Rossi

Registered office

Unit 1, Pearl Assurance House
Elbow Lane
Tavistock
Devon
PL19 0BG

Accountants

Wings Chartered Accountants
Unit 1, Pearl Assurance House
Elbow Lane
Tavistock
Devon
PL19 0BG

 

Maia Research Ltd

(Registration number: 12874912)
Balance Sheet as at 30 September 2021

Note

2021
£

Fixed assets

 

Tangible assets

4

490

Current assets

 

Debtors

5

6,176

Creditors: Amounts falling due within one year

6

(6,616)

Net current liabilities

 

(440)

Net assets

 

50

Capital and reserves

 

Called up share capital

7

50

Total equity

 

50

For the financial period ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 September 2022
 

.........................................

Mrs Maia Chiara Rossi
Director

 

Maia Research Ltd

Notes to the Unaudited Financial Statements for the Period from 13 September 2020 to 30 September 2021

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 1, Pearl Assurance House
Elbow Lane
Tavistock
Devon
PL19 0BG

These financial statements were authorised for issue by the director on 13 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Maia Research Ltd

Notes to the Unaudited Financial Statements for the Period from 13 September 2020 to 30 September 2021

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office furniture

15% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Maia Research Ltd

Notes to the Unaudited Financial Statements for the Period from 13 September 2020 to 30 September 2021

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

576

576

At 30 September 2021

576

576

Depreciation

Charge for the period

86

86

At 30 September 2021

86

86

Carrying amount

At 30 September 2021

490

490

5

Debtors

2021
£

Other debtors

6,176

6,176

6

Creditors

Creditors: amounts falling due within one year

2021
£

Due within one year

Taxation and social security

6,616

7

Share capital

Allotted, called up and fully paid shares

 

2021

 

No.

£

Ordinary shares of £1 each

50

50

     
 

Maia Research Ltd

Notes to the Unaudited Financial Statements for the Period from 13 September 2020 to 30 September 2021

8

Dividends

   

2021

 
   

£

 

Interim dividend of £574 per ordinary share

 

28,697

 
       

9

Related party transactions

Directors' remuneration

The director's remuneration for the period was as follows:

2021
£

Remuneration

5,000