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Maze Property Ltd

Unaudited Financial Statements for the Year Ended 27 October 2022






Maze Property Ltd (Registered number: 05589733)






Contents of the Financial Statements
for the Year Ended 27 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maze Property Ltd

Company Information
for the Year Ended 27 October 2022







DIRECTOR: A Mottram





SECRETARY: K Roberts





REGISTERED OFFICE: 59 Allerton Road
Liverpool
Merseyside
L18 2DA





REGISTERED NUMBER: 05589733 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Maze Property Ltd (Registered number: 05589733)

Balance Sheet
27 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 656,310 656,310

CURRENT ASSETS
Debtors 5 - 7,278
Cash at bank 23,585 12,685
23,585 19,963
CREDITORS
Amounts falling due within one year 6 496,664 474,225
NET CURRENT LIABILITIES (473,079 ) (454,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,231

202,048

CREDITORS
Amounts falling due after more than one
year

7

176,977

208,008
NET ASSETS/(LIABILITIES) 6,254 (5,960 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 (38,000 ) (38,000 )
Retained earnings 44,154 31,940
SHAREHOLDERS' FUNDS 6,254 (5,960 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 October 2022 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.

Maze Property Ltd (Registered number: 05589733)

Balance Sheet - continued
27 October 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 director and authorised for issue on 24 October 2023 and were signed by:





A Mottram - Director


Maze Property Ltd (Registered number: 05589733)

Notes to the Financial Statements
for the Year Ended 27 October 2022

1. STATUTORY INFORMATION

Maze Property 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received.

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 balance sheet date.

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 October 2021
and 27 October 2022 656,310
NET BOOK VALUE
At 27 October 2022 656,310
At 27 October 2021 656,310

Maze Property Ltd (Registered number: 05589733)

Notes to the Financial Statements - continued
for the Year Ended 27 October 2022

4. INVESTMENT PROPERTY - continued

Fair value at 27 October 2022 is represented by:
£   
Valuation in 2017 (40,000 )
Valuation in 2019 2,000
Cost 694,310
656,310

If the investment properties had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 694,310 694,310

Investment properties were valued on an open market basis on by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 7,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 30,900 30,900
Trade creditors 4,006 7,247
Taxation and social security 7,407 6,154
Other creditors 454,351 429,924
496,664 474,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 176,977 208,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 59,490 84,408

8. RESERVES
Fair
value
reserve
£   
At 28 October 2021
and 27 October 2022 (38,000 )

Maze Property Ltd (Registered number: 05589733)

Notes to the Financial Statements - continued
for the Year Ended 27 October 2022

9. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the director's opinion that there is no ultimate controlling party.