Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-02-04true2falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13895398 2022-02-03 13895398 2022-02-04 2023-02-28 13895398 2021-02-04 2022-02-03 13895398 2023-02-28 13895398 c:Director1 2022-02-04 2023-02-28 13895398 c:Director2 2022-02-04 2023-02-28 13895398 d:Buildings d:LongLeaseholdAssets 2022-02-04 2023-02-28 13895398 d:Buildings d:LongLeaseholdAssets 2023-02-28 13895398 d:MotorVehicles 2022-02-04 2023-02-28 13895398 d:MotorVehicles 2023-02-28 13895398 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-04 2023-02-28 13895398 d:OwnedOrFreeholdAssets 2022-02-04 2023-02-28 13895398 d:CurrentFinancialInstruments 2023-02-28 13895398 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13895398 d:ShareCapital 2023-02-28 13895398 d:RetainedEarningsAccumulatedLosses 2023-02-28 13895398 c:OrdinaryShareClass1 2022-02-04 2023-02-28 13895398 c:OrdinaryShareClass1 2023-02-28 13895398 c:FRS102 2022-02-04 2023-02-28 13895398 c:AuditExempt-NoAccountantsReport 2022-02-04 2023-02-28 13895398 c:FullAccounts 2022-02-04 2023-02-28 13895398 c:PrivateLimitedCompanyLtd 2022-02-04 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13895398









MAINE PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
MAINE PROPERTY LIMITED
REGISTERED NUMBER: 13895398

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
333,113

  
333,113

Current assets
  

Debtors: amounts falling due within one year
  
2,917

Cash at bank and in hand
  
111,903

  
114,820

Creditors: amounts falling due within one year
  
(447,977)

Net current (liabilities)/assets
  
 
 
(333,157)

Total assets less current liabilities
  
(44)

  

Net (liabilities)/assets
  
(44)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(144)

  
(44)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.




Page 1

 
MAINE PROPERTY LIMITED
REGISTERED NUMBER: 13895398
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

................................................
Wesley Seale
................................................
Paula Henry
Director
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
MAINE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Maine Property Limited is a private company limited by shares, registered in the United Kingdom number 13895398. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP. During the period, the principal activity of the company was that of Other letting and operating of own or leased real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MAINE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
MAINE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Total

£
£
£



Cost or valuation


Additions
331,824
1,300
333,124



At 28 February 2023

331,824
1,300
333,124



Depreciation


Charge for the period on owned assets
-
11
11



At 28 February 2023

-
11
11



Net book value



At 28 February 2023
331,824
1,289
333,113


5.


Debtors

2023
£


Other debtors
1,124

Prepayments and accrued income
1,793

2,917



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
111,903

111,903


Page 5

 
MAINE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
446,957

Accruals and deferred income
1,020

447,977



8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


During the period 100 ordinary shares of £1 each were issued, called up and fully paid to form the capital base of the company.

 
Page 6