REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st December 2023 |
for |
Maple Developments (East Anglia) Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Maple Developments (East Anglia) Ltd (Registered number: 05150190) |
Balance Sheet |
31st December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Stocks and work in progress |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair Value reserve | 8 |
Retained earnings | 77,721 | 100,870 |
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. |
Maple Developments (East Anglia) Ltd (Registered number: 05150190) |
Balance Sheet - continued |
31st December 2023 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Revaluations | (75,000 | ) |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
8. | RESERVES |
Fair |
Value |
reserve |
£ |
At 1st January 2023 |
Freehold property | (72,444 | ) |
At 31st December 2023 |
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. |