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REGISTERED NUMBER: 00736254 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

NIGEL MAXWELL LIMITED

NIGEL MAXWELL LIMITED (REGISTERED NUMBER: 00736254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NIGEL MAXWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTOR: Mr N D Hall





SECRETARY: Mrs J M Hall





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 00736254 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

NIGEL MAXWELL LIMITED (REGISTERED NUMBER: 00736254)

ABRIDGED BALANCE SHEET
5 APRIL 2023

5/4/23 5/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 895 977
Investment property 5 412,579 412,579
413,474 413,556

CURRENT ASSETS
Debtors 2,770 4,577
Cash at bank 87,271 105,787
90,041 110,364
CREDITORS
Amounts falling due within one year 22,156 48,963
NET CURRENT ASSETS 67,885 61,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,359

474,957

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 6 171,170 171,170
Retained earnings 290,189 283,787
SHAREHOLDERS' FUNDS 481,359 474,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NIGEL MAXWELL LIMITED (REGISTERED NUMBER: 00736254)

ABRIDGED BALANCE SHEET - continued
5 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 5 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





Mr N D Hall - Director


NIGEL MAXWELL LIMITED (REGISTERED NUMBER: 00736254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Nigel Maxwell Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property
The property is considered to be investment property as defined in FRS 102.

The investment property is included at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The property is revalued annually and the surplus or deficit transferred to a fair value reserve as defined under the fair value provisions of CA 2006.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NIGEL MAXWELL LIMITED (REGISTERED NUMBER: 00736254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 6 April 2022 5,763
Disposals (2,337 )
At 5 April 2023 3,426
DEPRECIATION
At 6 April 2022 4,786
Charge for year 82
Eliminated on disposal (2,337 )
At 5 April 2023 2,531
NET BOOK VALUE
At 5 April 2023 895
At 5 April 2022 977

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 412,579
NET BOOK VALUE
At 5 April 2023 412,579
At 5 April 2022 412,579

The properties were valued by external valuers, Roland Gaskell Chartered Surveyors, as at the 27 October 2002 on the basis of current market value subject to the existing occupational leases.

The Director has not requested a further valuation due to the undue cost and time involved in obtaining one. Using a similar basis for valuing the properties and market knowledge they consider them to be at the same value as the previous valuation.

6. RESERVES
Revaluation
reserve
£   
At 6 April 2022
and 5 April 2023 171,170

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr N D Hall has made interest free loans available to the company with no fixed repayment date. The amount owed by the company at the period end was £14,852 (2022 : £43,375).