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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
Page
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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
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MAVERICK KOLE INVESTMENTS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
501,857 
131,068 
Current assets
Debtors
(5,999)
(371)
Cash at bank and in hand
2,037 
23,360 
(3,962)
22,989 
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)
Capital and reserves
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
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MAVERICK KOLE INVESTMENTS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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
GLC 300
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 
Depreciation
At 1 July 2022
- 
3,700 
3,700 
Charge for the year
- 
3,700 
3,700 
At 30 June 2023
- 
7,400 
7,400 
Net book value
At 30 June 2023
472,257 
29,600 
501,857 
At 30 June 2022
97,768 
33,300 
131,068 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
(5,999)
(371)
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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 
Accruals
- 
1,450 
181,487 
134,240 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
304,765 
- 
Obligations under finance leases and hire purchase contracts
17,608 
21,504 
322,373 
21,504 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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