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REGISTERED NUMBER: 13147538 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

MAA Property Limited

MAA Property Limited (Registered number: 13147538)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAA Property Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Dr M Akbari





REGISTERED OFFICE: 197 Manor Grove
Richmond
Surrey
TW9 4QJ





REGISTERED NUMBER: 13147538 (England and Wales)






MAA Property Limited (Registered number: 13147538)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 664 997
Investment property 5 800,000 787,500
800,664 788,497

CURRENT ASSETS
Debtors 6 533 425
Cash at bank 82,436 7,233
82,969 7,658
CREDITORS
Amounts falling due within one year 7 66,833 65,498
NET CURRENT ASSETS/(LIABILITIES) 16,136 (57,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,800

730,657

CREDITORS
Amounts falling due after more than one
year

8

(795,036

)

(725,133

)

PROVISIONS FOR LIABILITIES (4,224 ) (1,723 )
NET ASSETS 17,540 3,801

CAPITAL AND RESERVES
Called up share capital 11 1 1
Undistributable Reserve 12 17,469 7,344
Retained earnings 12 70 (3,544 )
SHAREHOLDERS' FUNDS 17,540 3,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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 26 February 2024 and were signed by:



Dr M Akbari - Director


MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

MAA Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 1,330
DEPRECIATION
At 1 July 2022 333
Charge for year 333
At 30 June 2023 666
NET BOOK VALUE
At 30 June 2023 664
At 30 June 2022 997

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 787,500
Revaluations 12,500
At 30 June 2023 800,000
NET BOOK VALUE
At 30 June 2023 800,000
At 30 June 2022 787,500

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 9,067
Valuation in 2024 12,500
Cost 778,433
800,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 778,433 778,433

The investment property was valued on an informal basis on 23 February 2024 by Hamptons .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 533 425

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 66,833 65,498

MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 349,036 349,133
Other creditors 446,000 376,000
795,036 725,133

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 349,036 349,133
Other loans - 2-5 years 446,000 376,000
795,036 725,133

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 349,036 349,133

The mortgage is secured on the investment property purchased during the previous financial year. This is an interest only mortgage over a period of 25 years.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Undistributable
earnings Reserve Totals
£    £    £   

At 1 July 2022 (3,544 ) 7,344 3,800
Profit for the year 13,739 13,739
Profit & Loss Account Transfer
to Undistributable Reserve (10,125 ) 10,125 -
At 30 June 2023 70 17,469 17,539

The Undistributable Reserve is stated after deducting provision for deferred tax.

13. RELATED PARTY DISCLOSURES

Included in long term creditors is a loan of £446,000 (2022 - £376,000) made by MAA Medic Limited, in which Dr M Akbari is the sole director and shareholder. The loan has no fixed date of repayment and is interest free.