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REGISTERED NUMBER: 06476885 (England and Wales)















Financial Statements

for the Year Ended 31 January 2023

for

Maxian Homes Limited

Maxian Homes Limited (Registered number: 06476885)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Maxian Homes Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: I P Davie
J A Sealy





SECRETARY: I P Davie





REGISTERED OFFICE: 29 Pennington Drive
Weybridge
Surrey
KT13 9RU





REGISTERED NUMBER: 06476885 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Maxian Homes Limited (Registered number: 06476885)

Statement of Financial Position
31 January 2023

31/1/23 31/1/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 2,976 1,432

CURRENT ASSETS
Debtors 6 20,581 30,198
Cash at bank 18,131 25,792
38,712 55,990
CREDITORS
Amounts falling due within one year 7 (94,315 ) (100,562 )
NET CURRENT LIABILITIES (55,603 ) (44,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,627

)

(43,140

)

CREDITORS
Amounts falling due after more than one
year

8

(22,922

)

(32,676

)
NET LIABILITIES (75,549 ) (75,816 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (85,549 ) (85,816 )
SHAREHOLDERS' FUNDS (75,549 ) (75,816 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Maxian Homes Limited (Registered number: 06476885)

Statement of Financial Position - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:




I P Davie - Director



J A Sealy - Director


Maxian Homes Limited (Registered number: 06476885)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Maxian Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods and services provided to customers during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Maxian Homes Limited (Registered number: 06476885)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. ACCOUNTING POLICIES - continued

Going concern
The company continues to report net current liabilities and a deficit of Shareholders' Funds at the balance sheet date.

The financial statements have been prepared on a going concern basis as the directors have confirmed that they, and other third party creditors, will continue to provide sufficient financial support to the company to enable it to continue to meet its liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings
& equipment
£   
Cost
At 1 February 2022 31,108
Additions 2,536
At 31 January 2023 33,644
Depreciation
At 1 February 2022 29,676
Charge for year 992
At 31 January 2023 30,668
Net book value
At 31 January 2023 2,976
At 31 January 2022 1,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors - 2,594
Other debtors 20,581 27,604
20,581 30,198

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 9,600 9,600
Trade creditors 9,685 13,933
Taxation and social security 23,651 25,391
Other creditors 51,379 51,638
94,315 100,562

Maxian Homes Limited (Registered number: 06476885)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans 22,922 32,676