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REGISTERED NUMBER: 11815097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MAESTACKS LIMITED

MAESTACKS LIMITED (REGISTERED NUMBER: 11815097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MAESTACKS LIMITED (REGISTERED NUMBER: 11815097)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18 36
Investments 5 245,241 262,377
245,259 262,413

CURRENT ASSETS
Debtors 6 16,408 5,941
Cash at bank 82,714 74,037
99,122 79,978
CREDITORS
Amounts falling due within one year 7 120,723 89,911
NET CURRENT LIABILITIES (21,601 ) (9,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,658

252,480

PROVISIONS FOR LIABILITIES - 1,964
NET ASSETS 223,658 250,516

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 223,648 250,506
223,658 250,516

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

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

MAESTACKS LIMITED (REGISTERED NUMBER: 11815097)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th October 2023 and were signed on its behalf by:





Mrs J Osborn - Director


MAESTACKS LIMITED (REGISTERED NUMBER: 11815097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Maestacks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11815097

Registered office: Gables House
62 Kenilworth Road
Leamington Spa
Warwickshire
CV32 6JX

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 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.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 3 (2022 - 2 ) .

MAESTACKS LIMITED (REGISTERED NUMBER: 11815097)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 90
DEPRECIATION
At 1st April 2022 54
Charge for year 18
At 31st March 2023 72
NET BOOK VALUE
At 31st March 2023 18
At 31st March 2022 36

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 262,377
Additions 4,911
Revaluations (22,047 )
At 31st March 2023 245,241
NET BOOK VALUE
At 31st March 2023 245,241
At 31st March 2022 262,377

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 (17,136 )
Cost 262,377
245,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,680 4,680
Other debtors 11,728 1,261
16,408 5,941

MAESTACKS LIMITED (REGISTERED NUMBER: 11815097)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 3,516 2,670
Other creditors 117,207 87,241
120,723 89,911