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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
Page
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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
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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
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Maoin Pensio LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,729 
4,590 
Investment property
580,000 
570,000 
583,729 
574,590 
Current assets
Debtors
- 
1,450 
Cash at bank and in hand
4,108 
9,663 
4,108 
11,113 
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)
Net assets
51,619 
59,425 
Capital and reserves
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
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Maoin Pensio LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 28 February 2023
3,359 
370 
3,729 
At 28 February 2022
4,096 
494 
4,590 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
570,000 
Net gain from fair value adjustments
10,000 
At 28 February 2023
580,000 
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Maoin Pensio LTD Notes to the Accounts for the year ended 28 February 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,450 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
1,591 
1,896 
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 
517,257 
508,912 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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