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Company Registration No. SC625304 (Scotland)
Maki Property Ltd Unaudited accounts for the year ended 30 June 2023
Maki Property Ltd Unaudited accounts Contents
Page
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Maki Property Ltd Company Information for the year ended 30 June 2023
Director
Tin Hoi Lee
Company Number
SC625304 (Scotland)
Registered Office
36/8 Grindlay Street Edinburgh Scotland EH3 9AP
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Maki Property Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
48,533 
64,710 
Tangible assets
142,460 
85,177 
Investment property
290,678 
161,222 
481,671 
311,109 
Current assets
Debtors
137,717 
129,917 
Cash at bank and in hand
26,435 
136,453 
164,152 
266,370 
Creditors: amounts falling due within one year
(44,318)
(249,902)
Net current assets
119,834 
16,468 
Total assets less current liabilities
601,505 
327,577 
Creditors: amounts falling due after more than one year
(489,957)
(232,550)
Net assets
111,548 
95,027 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
111,547 
95,026 
Shareholders' funds
111,548 
95,027 
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 17 November 2023 and were signed on its behalf by
Tin Hoi Lee Director Company Registration No. SC625304
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Maki Property Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Maki Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC625304. The registered office is 36/8 Grindlay Street, Edinburgh, Scotland, EH3 9AP.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Land & buildings
Straight Line between 6.67% - 14.13%
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
80,887 
At 30 June 2023
80,887 
Amortisation
At 1 July 2022
16,177 
Charge for the year
16,177 
At 30 June 2023
32,354 
Net book value
At 30 June 2023
48,533 
At 30 June 2022
64,710 
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Maki Property Ltd Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
101,096 
- 
101,096 
Additions
18,740 
54,957 
73,697 
At 30 June 2023
119,836 
54,957 
174,793 
Depreciation
At 1 July 2022
15,919 
- 
15,919 
Charge for the year
8,472 
7,942 
16,414 
At 30 June 2023
24,391 
7,942 
32,333 
Net book value
At 30 June 2023
95,445 
47,015 
142,460 
At 30 June 2022
85,177 
- 
85,177 
6
Investment property
2023 
£ 
Fair value at 1 July 2022
161,222 
Additions
129,456 
At 30 June 2023
290,678 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
137,717 
129,917 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
6,000 
Taxes and social security
31,878 
26,359 
Proposed dividends
- 
11,000 
Other creditors
12,440 
206,543 
44,318 
249,902 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
17,500 
Other creditors
489,957 
215,050 
489,957 
232,550 
Bounced Back Loan
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Maki Property Ltd Notes to the Accounts for the year ended 30 June 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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