Silverfin false 30/04/2023 01/05/2022 30/04/2023 R J Andrade 24/01/2007 R J Underhill 24/01/2007 S I Underhill 23/01/2001 20 November 2023 The principal activity of the Company during the financial year was that of a dormant company. 04052427 2023-04-30 04052427 bus:Director1 2023-04-30 04052427 bus:Director2 2023-04-30 04052427 bus:Director3 2023-04-30 04052427 core:CurrentFinancialInstruments 2023-04-30 04052427 core:CurrentFinancialInstruments 2022-04-30 04052427 2022-04-30 04052427 core:ShareCapital 2023-04-30 04052427 core:ShareCapital 2022-04-30 04052427 core:RetainedEarningsAccumulatedLosses 2023-04-30 04052427 core:RetainedEarningsAccumulatedLosses 2022-04-30 04052427 bus:OrdinaryShareClass1 2023-04-30 04052427 2022-05-01 2023-04-30 04052427 bus:FullAccounts 2022-05-01 2023-04-30 04052427 bus:SmallEntities 2022-05-01 2023-04-30 04052427 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04052427 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04052427 bus:Director1 2022-05-01 2023-04-30 04052427 bus:Director2 2022-05-01 2023-04-30 04052427 bus:Director3 2022-05-01 2023-04-30 04052427 2021-05-01 2022-04-30 04052427 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04052427 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04052427 (England and Wales)

MAES CONSTRUCTION LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

MAES CONSTRUCTION LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

MAES CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
MAES CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
2023 2022
£ £
Current assets
Debtors 3 778,800 778,800
778,800 778,800
Net current assets 778,800 778,800
Total assets less current liabilities 778,800 778,800
Net assets 778,800 778,800
Capital and reserves
Called-up share capital 4 625,000 625,000
Profit and loss account 153,800 153,800
Total shareholders' funds 778,800 778,800

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Maes Construction Limited (registered number: 04052427) were approved and authorised for issue by the Director on 20 November 2023. They were signed on its behalf by:

R J Underhill
Director
MAES CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
MAES CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Maes Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Profit and loss account

The company has not trade during the year or the preceding financial period. During this time, the company has received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2023 2022
£ £
Other debtors 778,800 778,800

4. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
625,000 Ordinary shares of £ 1.00 each 625,000 625,000