Company Registration No. 10505696 (England and Wales)
Maxlet Property Solutions Limited
Unaudited accounts
for the year ended 31 March 2023
Maxlet Property Solutions Limited
Unaudited accounts
Contents
Maxlet Property Solutions Limited
Company Information
for the year ended 31 March 2023
Company Number
10505696 (England and Wales)
Registered Office
39 Arle Gardens
Cheltenahm
Gloucestershire
GL51 8HP
United Kingdom
Accountants
Louise Newman & Co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
Maxlet Property Solutions Limited
Statement of financial position
as at 31 March 2023
Tangible assets
40,132
24,160
Cash at bank and in hand
-
620
Creditors: amounts falling due within one year
(8,606)
(19,262)
Net current liabilities
(8,040)
(15,342)
Total assets less current liabilities
32,092
8,818
Creditors: amounts falling due after more than one year
(11,000)
-
Called up share capital
100
100
Profit and loss account
20,992
8,718
Shareholders' funds
21,092
8,818
For the year ending 31 March 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 1 November 2023 and were signed on its behalf by
Aleh Kulakevich
Director
Company Registration No. 10505696
Maxlet Property Solutions Limited
Notes to the Accounts
for the year ended 31 March 2023
Maxlet Property Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10505696. The registered office is 39 Arle Gardens, Cheltenahm, Gloucestershire, GL51 8HP, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Where there have been improvements t the properties no depreciation has been charged. For Equipment, depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Maxlet Property Solutions Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
24,160
-
24,160
At 31 March 2023
24,160
15,972
40,132
At 31 March 2023
24,160
15,972
40,132
At 31 March 2022
24,160
-
24,160
Amounts falling due within one year
Accrued income and prepayments
250
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,204
9,991
Taxes and social security
3,592
7,685
Loans from directors
-
824
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).