Company Registration No. 12469341 (England and Wales)
Maoin Pensio LTD
Unaudited accounts
for the year ended 28 February 2023
Maoin Pensio LTD
Unaudited accounts
Contents
Maoin Pensio LTD
Company Information
for the year ended 28 February 2023
Directors
Mark Rafferty
Ruth Rafferty
Company Number
12469341 (England and Wales)
Registered Office
61 Turpington Lane
Bromley
Kent
BR2 8JA
Accountants
SFW Accountants Limited
122 Crofton Road
Orpington
Kent
BR6 8HZ
Maoin Pensio LTD
Accountants' report
Accountants' report to the board of directors of Maoin Pensio LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 28 February 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SFW Accountants Limited
122 Crofton Road
Orpington
Kent
BR6 8HZ
18 November 2023
Maoin Pensio LTD
Statement of financial position
as at 28 February 2023
Tangible assets
3,729
4,590
Investment property
580,000
570,000
Cash at bank and in hand
4,108
9,663
Creditors: amounts falling due within one year
(1,591)
(1,896)
Net current assets
2,517
9,217
Total assets less current liabilities
586,246
583,807
Creditors: amounts falling due after more than one year
(517,257)
(508,912)
Provisions for liabilities
Deferred tax
(17,370)
(15,470)
Called up share capital
100
100
Profit and loss account
51,519
59,325
Shareholders' funds
51,619
59,425
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2023 and were signed on its behalf by
Mark Rafferty
Director
Company Registration No. 12469341
Maoin Pensio LTD
Notes to the Accounts
for the year ended 28 February 2023
Maoin Pensio LTD is a private company, limited by shares, registered in England and Wales, registration number 12469341. The registered office is 61 Turpington Lane, Bromley, Kent, BR2 8JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
5,400
783
6,183
At 28 February 2023
5,400
783
6,183
At 1 March 2022
1,304
289
1,593
Charge for the year
737
124
861
At 28 February 2023
2,041
413
2,454
At 28 February 2023
3,359
370
3,729
At 28 February 2022
4,096
494
4,590
Fair value at 1 March 2022
570,000
Net gain from fair value adjustments
10,000
At 28 February 2023
580,000
Maoin Pensio LTD
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Accrued income and prepayments
-
1,450
7
Creditors: amounts falling due within one year
2023
2022
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
355,498
355,509
Loans from directors
161,759
153,403
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).