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REGISTERED NUMBER: 05150190 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Maple Developments (East Anglia) Ltd

Maple Developments (East Anglia) Ltd (Registered number: 05150190)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maple Developments (East Anglia) Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Mr D M Howard





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 05150190 (England and Wales)

Maple Developments (East Anglia) Ltd (Registered number: 05150190)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 725,000

CURRENT ASSETS
Stocks and work in progress - 102,775
Debtors 5 207,401 267,870
Cash at bank 16,946 101,679
224,347 472,324
CREDITORS
Amounts falling due within one year 6 91,074 286,452
NET CURRENT ASSETS 133,273 185,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,273

910,872

CREDITORS
Amounts falling due after more than one
year

7

(540,000

)

(540,000

)

PROVISIONS FOR LIABILITIES (19,275 ) (51,281 )
NET ASSETS 223,998 319,591

CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value reserve 8 146,177 218,621
Retained earnings 77,721 100,870
SHAREHOLDERS' FUNDS 223,998 319,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Maple Developments (East Anglia) Ltd (Registered number: 05150190)

Balance Sheet - continued
31st December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th April 2024 and were signed by:





Mr D M Howard - Director


Maple Developments (East Anglia) Ltd (Registered number: 05150190)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Maple Developments (East Anglia) Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 725,000
Revaluations (75,000 )
At 31st December 2023 650,000
NET BOOK VALUE
At 31st December 2023 650,000
At 31st December 2022 725,000

Maple Developments (East Anglia) Ltd (Registered number: 05150190)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2016 650,000
Valuation in 2022 75,000
Valuation in 2023 (75,000 )
650,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 455,098 455,098

The investment property was valued on an open market basis on 31st December 2023 by the director, Darren Howard. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 207,401 267,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 199 142
Other creditors 90,875 286,310
91,074 286,452

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 540,000 540,000

8. RESERVES
Fair
Value
reserve
£   
At 1st January 2023 218,621
Freehold property (72,444 )

At 31st December 2023 146,177

Maple Developments (East Anglia) Ltd (Registered number: 05150190)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

9. RELATED PARTY DISCLOSURES

The company was under the control of the directors for the entire accounting year.

During the year Maple Commercial Group Ltd, a company wholly owned by Mr D Howard and Mrs D Howard at the accounting year end, was charged a rent of £27,000 (2022: £27,000) for the use of office space.

At the balance sheet date, the company was owed £110,491 (2022: £121,538) by Maple Commercial Group Ltd.

At the year end the director, Mr D Howard, was owed £74,485 (2022: £117,485).



10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D M Howard.