Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3122021-10-01The principal activity of the company continued to be that of a property holding company.false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05095789 2021-10-01 2023-03-31 05095789 2020-10-01 2021-09-30 05095789 2023-03-31 05095789 2021-09-30 05095789 c:Director1 2021-10-01 2023-03-31 05095789 d:Buildings d:LongLeaseholdAssets 2021-10-01 2023-03-31 05095789 d:Buildings d:LongLeaseholdAssets 2023-03-31 05095789 d:Buildings d:LongLeaseholdAssets 2021-09-30 05095789 d:FurnitureFittings 2021-10-01 2023-03-31 05095789 d:FurnitureFittings 2023-03-31 05095789 d:FurnitureFittings 2021-09-30 05095789 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 05095789 d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 05095789 d:CurrentFinancialInstruments 2023-03-31 05095789 d:CurrentFinancialInstruments 2021-09-30 05095789 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05095789 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 05095789 d:ShareCapital 2023-03-31 05095789 d:ShareCapital 2021-09-30 05095789 d:RetainedEarningsAccumulatedLosses 2023-03-31 05095789 d:RetainedEarningsAccumulatedLosses 2021-09-30 05095789 c:OrdinaryShareClass1 2021-10-01 2023-03-31 05095789 c:OrdinaryShareClass1 2023-03-31 05095789 c:OrdinaryShareClass1 2021-09-30 05095789 c:FRS102 2021-10-01 2023-03-31 05095789 c:AuditExempt-NoAccountantsReport 2021-10-01 2023-03-31 05095789 c:FullAccounts 2021-10-01 2023-03-31 05095789 c:PrivateLimitedCompanyLtd 2021-10-01 2023-03-31 05095789 e:PoundSterling 2021-10-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05095789












MAYBUILD PROPERTIES LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
MAYBUILD PROPERTIES LIMITED
REGISTERED NUMBER:05095789

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
176,620
214,451

  
176,620
214,451

Current assets
  

Debtors: amounts falling due within one year
 5 
98
98

Cash at bank and in hand
 6 
4,346
11,294

  
4,444
11,392

Creditors: amounts falling due within one year
 7 
(125,039)
(176,274)

Net current liabilities
  
 
 
(120,595)
 
 
(164,882)

Total assets less current liabilities
  
56,025
49,569

Provisions for liabilities
  

Deferred tax
  
(15,661)
(18,612)

  
 
 
(15,661)
 
 
(18,612)

Net assets
  
40,364
30,957


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
40,264
30,857

  
40,364
30,957

Page 1

 
MAYBUILD PROPERTIES LIMITED
REGISTERED NUMBER:05095789
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M H Tillman
Director

Date: 9 February 2024

Page 2

 
MAYBUILD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Maybuild Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05095789. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
The principal activity of the company continued to be that of a property holding company.
On 20 June 2023, the accounting reference date of the company was extended from 30 September 2022 to 31 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the property holding is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
MAYBUILD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
50 years
Fixtures and fittings
-
20% to 25% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2021 - 2).

Page 4

 
MAYBUILD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Leasehold property
Fixtures and fittings
Total

£
£
£



Cost 


At 1 October 2021
174,960
105,233
280,193


Additions
-
2,500
2,500



At 31 March 2023

174,960
107,733
282,693



Depreciation


At 1 October 2021
24,493
41,249
65,742


Charge for the period
5,249
35,082
40,331



At 31 March 2023

29,742
76,331
106,073



Net book value



At 31 March 2023
145,218
31,402
176,620



At 30 September 2021
150,467
63,984
214,451


5.


Debtors

31 March
30 September
2023
2021
£
£


Called up share capital not paid
98
98



6.


Cash

31 March
30 September
2023
2021
£
£

Cash at bank
4,346
11,294


Page 5

 
MAYBUILD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: amounts falling due within one year

31 March
30 September
2023
2021
£
£

Trade creditors
11,116
7,355

Amounts owed to connected entities
84,180
139,244

Other taxation and social security
-
110

Other creditors
26,993
27,065

Accruals
2,750
2,500

125,039
176,274


The charges held by HSBC Bank PLC over the assets of the company were satisfied in the period.
 

8.


Share capital

31 March
30 September
2023
2021
£
£
Allotted, called up and fully paid



2 (2021 - 2) Ordinary shares of £1.00 each
2
2

Allotted, called up and unpaid



98 (2021 - 98) Ordinary shares of £1.00 each
98
98

Each share is entitled to one vote in any circumstances.


9.


Commitments under operating leases

At 31 March 2023, the company had future minimum lease payments under non-cancellable operating leases of £658,810 (2021 - £720,000).
 

10.


Controlling party

The company is under the control of M H Tilman, a director and a majority shareholder of the company.
 
Page 6