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REGISTERED NUMBER: 09819835 (England and Wales)















Maxwell Cross Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Maxwell Cross Limited (Registered number: 09819835)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maxwell Cross Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr A J M Michel





SECRETARY: Mr A J M Michel





REGISTERED OFFICE: Unit 10, Parkside
Shortgate Lane
Laughton
Lewes
East Sussex
BN8 6DG





REGISTERED NUMBER: 09819835 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Maxwell Cross Limited (Registered number: 09819835)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 102 102
Investment property 5 1,659,122 1,693,258
1,659,224 1,693,360

CURRENT ASSETS
Debtors 6 405,130 409,463
Cash at bank 56,960 67,917
462,090 477,380
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

46,775

47,785
NET CURRENT ASSETS 415,315 429,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,074,539

2,122,955

CAPITAL AND RESERVES
Called up share capital 8 204 204
Retained earnings 2,074,335 2,122,751
SHAREHOLDERS' FUNDS 2,074,539 2,122,955

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 director acknowledges his 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.

Maxwell Cross Limited (Registered number: 09819835)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Mr A J M Michel - Director


Maxwell Cross Limited (Registered number: 09819835)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Maxwell Cross 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Maxwell Cross Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents revenue, from commercial transactions under which the company supplies customers the services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those services.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property
Investment properties are initially measured at cost. After initial recognition, investment properties are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Investment properties are being depreciated evenly over the term of the lease.


Maxwell Cross Limited (Registered number: 09819835)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Taxation
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.

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 1 (2022 - 1 ) .

Maxwell Cross Limited (Registered number: 09819835)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 102
NET BOOK VALUE
At 31 March 2023 102
At 31 March 2022 102

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2022
and 31 March 2023 1,854,456
DEPRECIATION
At 1 April 2022 161,198
Charge for year 34,136
At 31 March 2023 195,334
NET BOOK VALUE
At 31 March 2023 1,659,122
At 31 March 2022 1,693,258

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,575 -
Amounts owed by group undertakings 58 58
Other debtors 402,497 409,405
405,130 409,463

Maxwell Cross Limited (Registered number: 09819835)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 837 717
Taxation and social security 11,030 11,760
Other creditors 34,908 35,308
46,775 47,785

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200
2 Ordinary A £1 2 2
2 Ordinary B £1 2 2
204 204

The company's ordinary, ordinary A, and ordinary B shares have equal unrestricted voting rights.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the shareholders owed the company amounts totalling £646( 2022 - the company owed the shareholders amounts totalling £482). The loan is unsecured and repayable on demand.