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REGISTERED NUMBER: 11408627 (England and Wales)














Financial Statements for the Year Ended 30 June 2023

for

MAVS Property Ltd

MAVS Property Ltd (Registered number: 11408627)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MAVS Property Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr A Chauhan
Mrs S Chauhan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11408627 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

MAVS Property Ltd (Registered number: 11408627)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 451,807 451,807

CURRENT ASSETS
Cash at bank 3,920 6,155

CREDITORS
Amounts falling due within one year 5 312,403 313,788
NET CURRENT LIABILITIES (308,483 ) (307,633 )
TOTAL ASSETS LESS CURRENT LIABILITIES 143,324 144,174

CREDITORS
Amounts falling due after more than one year 6 102,917 111,226
NET ASSETS 40,407 32,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,307 32,848
40,407 32,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MAVS Property Ltd (Registered number: 11408627)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:




Mr A Chauhan - Director



Mrs S Chauhan - Director


MAVS Property Ltd (Registered number: 11408627)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

MAVS Property Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 451,807
NET BOOK VALUE
At 30 June 2023 451,807
At 30 June 2022 451,807

There are fixed charges held against the assets of business.

MAVS Property Ltd (Registered number: 11408627)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 12,543 12,543
Taxation and social security 1,750 2,312
Other creditors 298,110 298,933
312,403 313,788

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 102,917 111,226

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,745 61,054

7. RELATED PARTY DISCLOSURES

The Directors Mr. A Chauhan and Mrs S Chauhan are considered to be the key management personnel.