IRIS Accounts Production v23.1.0.753 08353981 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083539812022-03-31083539812023-03-31083539812022-04-012023-03-31083539812021-03-31083539812021-04-012022-03-31083539812022-03-3108353981ns15:EnglandWales2022-04-012023-03-3108353981ns14:PoundSterling2022-04-012023-03-3108353981ns10:Director12022-04-012023-03-3108353981ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108353981ns10:SmallEntities2022-04-012023-03-3108353981ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108353981ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108353981ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108353981ns10:FullAccounts2022-04-012023-03-3108353981ns10:Director22022-04-012023-03-3108353981ns10:RegisteredOffice2022-04-012023-03-3108353981ns5:CurrentFinancialInstruments2023-03-3108353981ns5:CurrentFinancialInstruments2022-03-3108353981ns5:Non-currentFinancialInstruments2023-03-3108353981ns5:Non-currentFinancialInstruments2022-03-3108353981ns5:ShareCapital2023-03-3108353981ns5:ShareCapital2022-03-3108353981ns5:SharePremium2023-03-3108353981ns5:SharePremium2022-03-3108353981ns5:RetainedEarningsAccumulatedLosses2023-03-3108353981ns5:RetainedEarningsAccumulatedLosses2022-03-3108353981ns5:PlantMachinery2022-04-012023-03-3108353981ns5:PlantMachinery2022-03-3108353981ns5:PlantMachinery2023-03-3108353981ns5:PlantMachinery2022-03-3108353981ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108353981ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108353981ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3108353981ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3108353981ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108353981ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3108353981ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3108353981ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-31
REGISTERED NUMBER: 08353981 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MAYPOOL ESTATES LIMITED

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAYPOOL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs H Scoot
Mr M A Scoot





REGISTERED OFFICE: Maypool House
Maypool
Brixham
Devon
TQ5 0ET





REGISTERED NUMBER: 08353981 (England and Wales)





ACCOUNTANTS: Accurate Business Consulting Limited
International House
36-38 Cornhill
London
EC3V 3NG

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,345 1,492

CURRENT ASSETS
Stocks 99,161 70,353
Debtors 5 18,027 28,027
Cash at bank 33,425 6,770
150,613 105,150
CREDITORS
Amounts falling due within one year 6 172,314 97,174
NET CURRENT (LIABILITIES)/ASSETS (21,701 ) 7,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,356

)

9,468

CREDITORS
Amounts falling due after more than one
year

7

38,254

43,837
NET LIABILITIES (57,610 ) (34,369 )

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 3,420 3,420
Retained earnings (61,430 ) (38,189 )
SHAREHOLDERS' FUNDS (57,610 ) (34,369 )

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

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

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 Board of Directors and authorised for issue on 29 October 2023 and were signed on its behalf by:





Mr M A Scoot - Director


MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

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

1. STATUTORY INFORMATION

Maypool Estates 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.

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.

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 - 33% Straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2022 - 3 ) .

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 9,759
DEPRECIATION
At 1 April 2022 6,433
Charge for year 981
At 31 March 2023 7,414
NET BOOK VALUE
At 31 March 2023 2,345
At 31 March 2022 3,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 16,500 26,500
Prepayments and accrued income 1,527 1,527
18,027 28,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,645 5,447
Trade creditors 24,041 3,800
Social security and other taxes 174 174
VAT 14,043 5,645
Other creditors 33,150 20,000
Directors' current accounts 85,023 60,607
Accruals and deferred income 10,238 1,501
172,314 97,174

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,728 5,583
Bank loans - 2-5 years 18,062 17,619
Bank loans more 5 yr by instal 14,464 20,635
38,254 43,837

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,464 20,635