REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2023 |
FOR |
NIGEL MAXWELL LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
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 |
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 |
Disposals | ( |
) |
At 5 April 2023 |
DEPRECIATION |
At 6 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2022 |
and 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
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 |
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). |