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REGISTERED NUMBER: 05028291 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

MAPLE CENTRE LTD

MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)






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


MAPLE CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: A Grunhut





REGISTERED OFFICE: 9 Manor Parade
Manor Road
London
N16 5SG





REGISTERED NUMBER: 05028291 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,218 2,610
Investment property 6 2,253,000 2,253,000
2,255,218 2,255,610

CURRENT ASSETS
Debtors 7 1,208,189 70,000
Cash at bank 460,209 1,328,868
1,668,398 1,398,868
CREDITORS
Amounts falling due within one year 8 (1,386,117 ) (1,083,303 )
NET CURRENT ASSETS 282,281 315,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,537,499

2,571,175

CREDITORS
Amounts falling due after more than one
year

9

(1,717,313

)

(1,725,314

)

PROVISIONS FOR LIABILITIES (95,000 ) (95,000 )
NET ASSETS 725,186 750,861

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 853,000 853,000
Retained earnings 13 (127,815 ) (102,140 )
SHAREHOLDERS' FUNDS 725,186 750,861

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 director acknowledges his 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.

MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)

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 Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 18 October 2023 and were signed by:





A Grunhut - Director


MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Maple Centre Ltd 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 1 ) .

MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 98,701 5,000 103,701
DEPRECIATION
At 1 February 2022 98,701 2,390 101,091
Charge for year - 392 392
At 31 January 2023 98,701 2,782 101,483
NET BOOK VALUE
At 31 January 2023 - 2,218 2,218
At 31 January 2022 - 2,610 2,610

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 2,253,000
NET BOOK VALUE
At 31 January 2023 2,253,000
At 31 January 2022 2,253,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 500,000
Valuation in 2022 353,000
Cost 1,400,000
2,253,000

The fair value of Investment property was determined by the director after considering impact on the property value due to its overall condition, marketability, general economic factor, rent demand and his extensive property market experience.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 1,208,189 70,000

MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 4,285 1,726
Taxation and social security 5,472 1,746
Other creditors 1,376,360 1,079,831
1,386,117 1,083,303

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 10) 1,690,650 1,690,650
Other creditors 26,663 34,664
1,717,313 1,725,314

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,690,650 1,690,650

Repayable by instalments
Other loans more 5yrs instal - 34,664

Other creditors includes amount received under Bounceback Loan Scheme totalling £26,663 [2022 - £34,664]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 26,663 -

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,690,650 1,690,650

Repayable by instalments
Other loans more 5yrs instal - 34,664

Bank loan includes bounceback loan of £40,000 backed up by HM Government.

MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 1,690,650 1,690,650

Bank loan is secured by first charge over the investment properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2022 (102,140 ) 853,000 750,860
Deficit for the year (25,675 ) (25,675 )
At 31 January 2023 (127,815 ) 853,000 725,185