Company Registration No. 12685396 (England and Wales)
MAVERICK KOLE INVESTMENTS LTD
Unaudited accounts
for the year ended 30 June 2023
MAVERICK KOLE INVESTMENTS LTD
Unaudited accounts
Contents
MAVERICK KOLE INVESTMENTS LTD
Company Information
for the year ended 30 June 2023
Director
KOLEADE, Olaleye, Dr
Secretary
KOLEADE, Olaleye, Dr
Company Number
12685396 (England and Wales)
Registered Office
85 RAINBOW ROAD
ERITH
DA8 2BT
ENGLAND
MAVERICK KOLE INVESTMENTS LTD
Statement of financial position
as at 30 June 2023
Tangible assets
501,857
131,068
Cash at bank and in hand
2,037
23,360
Creditors: amounts falling due within one year
(181,487)
(134,240)
Net current liabilities
(185,449)
(111,251)
Total assets less current liabilities
316,408
19,817
Creditors: amounts falling due after more than one year
(322,373)
(21,504)
Net liabilities
(5,965)
(1,687)
Profit and loss account
(5,965)
(1,687)
Shareholders' funds
(5,965)
(1,687)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 30 June 2023 and were signed on its behalf by
KOLEADE, Olaleye, Dr
Director
Company Registration No. 12685396
MAVERICK KOLE INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 June 2023
MAVERICK KOLE INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12685396. The registered office is 85 RAINBOW ROAD, ERITH, DA8 2BT, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2022
97,768
37,000
134,768
Additions
374,489
-
374,489
At 30 June 2023
472,257
37,000
509,257
At 1 July 2022
-
3,700
3,700
Charge for the year
-
3,700
3,700
At 30 June 2023
-
7,400
7,400
At 30 June 2023
472,257
29,600
501,857
At 30 June 2022
97,768
33,300
131,068
Amounts falling due after more than one year
Other debtors
(5,999)
(371)
MAVERICK KOLE INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
181,487
132,790
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,608
21,504
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).