Company Registration No. SC625304 (Scotland)
Maki Property Ltd
Unaudited accounts
for the year ended 30 June 2023
Maki Property Ltd
Unaudited accounts
Contents
Maki Property Ltd
Company Information
for the year ended 30 June 2023
Company Number
SC625304 (Scotland)
Registered Office
36/8 Grindlay Street
Edinburgh
Scotland
EH3 9AP
Maki Property Ltd
Statement of financial position
as at 30 June 2023
Intangible assets
48,533
64,710
Tangible assets
142,460
85,177
Investment property
290,678
161,222
Cash at bank and in hand
26,435
136,453
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)
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
Maki Property Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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
Charge for the year
16,177
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
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
At 30 June 2023
95,445
47,015
142,460
At 30 June 2022
85,177
-
85,177
Fair value at 1 July 2022
161,222
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
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
489,957
215,050
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).