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Company Registration No. 10597771 (England and Wales)
Maximise Property Investments Limited Unaudited accounts for the year ended 28 February 2023
Maximise Property Investments Limited Unaudited accounts Contents
Page
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Maximise Property Investments Limited Company Information for the year ended 28 February 2023
Directors
Matthew Roe Elizabeth Robinson
Company Number
10597771 (England and Wales)
Registered Office
1 St. Michaels Avenue Hemel Hempstead Hertfordshire HP3 8HF England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Maximise Property Investments Limited Accountants' report
Accountants' report to the board of directors of Maximise Property Investments Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Maximise Property Investments Limited for the year ended 28 February 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Maximise Property Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Maximise Property Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maximise Property Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Maximise Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Maximise Property Investments Limited. You consider that Maximise Property Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Maximise Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 20 September 2023
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Maximise Property Investments Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
(1)
(1)
Investment property
675,000 
570,000 
674,999 
569,999 
Current assets
Debtors
231 
166 
Cash at bank and in hand
126,262 
11,788 
126,493 
11,954 
Creditors: amounts falling due within one year
(103,563)
(84,654)
Net current assets/(liabilities)
22,930 
(72,700)
Total assets less current liabilities
697,929 
497,299 
Creditors: amounts falling due after more than one year
(550,800)
(412,500)
Net assets
147,129 
84,799 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
147,128 
84,798 
Shareholders' funds
147,129 
84,799 
For the year ending 28 February 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 13 October 2023 and were signed on its behalf by
Matthew Roe Director Company Registration No. 10597771
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Maximise Property Investments Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Maximise Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10597771. The registered office is 1 St. Michaels Avenue, Hemel Hempstead, Hertfordshire, HP3 8HF, England.
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:
Fixtures & fittings
25% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Intangible fixed assets
Intangible fixed assets (including capitalised financing costs on remortgaging) are included at cost less accumulated amortisation. Amortisation has been provided at 20% on cost p.a., the term of the borrowing.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
4,068 
At 28 February 2023
4,068 
Amortisation
At 1 March 2022
4,069 
At 28 February 2023
4,069 
Net book value
At 28 February 2023
(1)
At 28 February 2022
(1)
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Maximise Property Investments Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
6,308 
At 28 February 2023
6,308 
Depreciation
At 1 March 2022
6,308 
At 28 February 2023
6,308 
Net book value
At 28 February 2023
- 
6
Investment property
2023 
£ 
Fair value at 1 March 2022
570,000 
Net gain from fair value adjustments
105,000 
At 28 February 2023
675,000 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
231 
166 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
857 
345 
Taxes and social security
2,278 
2,241 
Loans from directors
98,651 
80,979 
Accruals
300 
300 
Deferred income
1,477 
789 
103,563 
84,654 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
550,800 
412,500 
Aggregate of amounts that fall due for payment after five years
550,800 
412,500 
10
Transactions with related parties
At the balance sheet date, the company owed the Directors £98,652 (2022 - £80,979). Interest of £1,904 (2022 - £1,904) for the year has been charged.
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Maximise Property Investments Limited Notes to the Accounts for the year ended 28 February 2023
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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