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Company Registration No. 12768283 (England and Wales)
Maidenscott Properties Ltd Unaudited accounts for the year ended 31 March 2023
Maidenscott Properties Ltd Company Information for the year ended 31 March 2023
Directors
Katherine Roxburgh Gaynor Voice
Company Number
12768283 (England and Wales)
Registered Office
Brown Hill Top Brown Hill Low Row Richmond DL11 6NB
Accountants
Accounting Inc. Ltd Hoults Yard Walker Rd Newcastle upon Tyne Tyne and Wear NE6 2HL
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Maidenscott Properties Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,025 
264 
Current assets
Debtors
10,102 
567 
Cash at bank and in hand
3,874 
12,828 
13,976 
13,395 
Creditors: amounts falling due within one year
(12,858)
(6,921)
Net current assets
1,118 
6,474 
Total assets less current liabilities
4,143 
6,738 
Creditors: amounts falling due after more than one year
(9,590)
(27,152)
Net liabilities
(5,447)
(20,414)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,449)
(20,416)
Shareholders' funds
(5,447)
(20,414)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
Katherine Roxburgh Director Company Registration No. 12768283
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Maidenscott Properties Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Maidenscott Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12768283. The registered office is Brown Hill Top Brown Hill, Low Row, Richmond, DL11 6NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line - 20%
Turnover
Turnover represents the amounts receivable for rents. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The directors have a reasonable expectation that the company has the resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. The financial statements have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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Maidenscott Properties Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
299 
Additions
3,138 
At 31 March 2023
3,437 
Depreciation
At 1 April 2022
35 
Charge for the year
377 
At 31 March 2023
412 
Net book value
At 31 March 2023
3,025 
At 31 March 2022
264 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,112 
567 
Accrued income and prepayments
1,690 
- 
9,802 
567 
Amounts falling due after more than one year
Other debtors
300 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,160 
5 
Amounts owed to group undertakings and other participating interests
370 
- 
Deferred income
11,328 
6,916 
12,858 
6,921 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
3,000 
Loans from directors
9,590 
24,152 
9,590 
27,152 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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