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REGISTERED NUMBER: 11475962 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Maximma Properties Ltd

Maximma Properties Ltd (Registered number: 11475962)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maximma Properties Ltd

Company Information
for the Year Ended 31 July 2022







DIRECTORS: N W Ndlovu
V Milca





REGISTERED OFFICE: Office 1 Izabella House
24-26 Regent Place
Birmingham
B1 3NJ





REGISTERED NUMBER: 11475962 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Maximma Properties Ltd (Registered number: 11475962)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 337,772

CURRENT ASSETS
Debtors 5 9,035 -
Cash at bank 9,081 442
18,116 442
CREDITORS
Amounts falling due within one year 6 17,725 130,496
NET CURRENT ASSETS/(LIABILITIES) 391 (130,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

391

207,718

CREDITORS
Amounts falling due after more than
one year

7

-

216,538
NET ASSETS/(LIABILITIES) 391 (8,820 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 291 (8,920 )
391 (8,820 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Maximma Properties Ltd (Registered number: 11475962)

Balance Sheet - continued
31 July 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





N W Ndlovu - Director


Maximma Properties Ltd (Registered number: 11475962)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

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

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.

These financial statements are prepared in Sterling, which is the functional currency of the company.All monetary amounts are rounded to the nearest £.

Going concern
The financial statements have been prepared on a going concern basis.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Maximma Properties Ltd (Registered number: 11475962)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2021 337,772
Disposals (337,772 )
At 31 July 2022 -
NET BOOK VALUE
At 31 July 2022 -
At 31 July 2021 337,772

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Other debtors 9,035 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts - 24,204
Amounts owed to group undertakings 14,343 104,843
Taxation and social security 1,100 -
Other creditors 2,282 1,449
17,725 130,496

Maximma Properties Ltd (Registered number: 11475962)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans - 216,538

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments - 171,881