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REGISTERED NUMBER: 01100650















Financial Statements for the Year Ended 30 April 2023

for

MAXWELTON HOUSE PROPERTY COMPANY LIMITED

MAXWELTON HOUSE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01100650)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MAXWELTON HOUSE PROPERTY COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs G D Jamieson
S C Jamieson
Miss S Jamieson-Ngan





SECRETARY: Miss S Jamieson-Ngan





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 01100650





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

MAXWELTON HOUSE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01100650)

Balance Sheet
30 APRIL 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 5,669,228 1,154,457
Investment property 6 - 530,760
5,669,229 1,685,218

CURRENT ASSETS
Debtors 7 4,752 -
Cash at bank and in hand 2,468,619 3,456,414
2,473,371 3,456,414
CREDITORS
Amounts falling due within one year 8 (767,404 ) (271,698 )
NET CURRENT ASSETS 1,705,967 3,184,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,375,196

4,869,934

CAPITAL AND RESERVES
Called up share capital 9 372 372
Capital redemption reserve 10 2,002 2,002
Retained earnings 10 7,372,822 4,867,560
SHAREHOLDERS' FUNDS 7,375,196 4,869,934

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

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

The directors acknowledge their 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.

MAXWELTON HOUSE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01100650)

Balance Sheet - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





S C Jamieson - Director


MAXWELTON HOUSE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01100650)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Maxwelton House Property Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 16% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MAXWELTON HOUSE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01100650)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 9,055
DEPRECIATION
At 1 May 2022
and 30 April 2023 9,054
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 1

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 154,457 1,000,000 1,154,457
Additions - 4,514,771 4,514,771
At 30 April 2023 154,457 5,514,771 5,669,228
NET BOOK VALUE
At 30 April 2023 154,457 5,514,771 5,669,228
At 30 April 2022 154,457 1,000,000 1,154,457

Cost or valuation at 30 April 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Cost 154,457 5,514,771 5,669,228

MAXWELTON HOUSE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01100650)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 530,760
Disposals (530,760 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 530,760

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 4,752 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors - 30,137
Amounts owed to group undertakings 229,046 229,086
Taxation and social security 526,668 80
Other creditors 11,690 12,395
767,404 271,698

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
12 Ordinary A 1.00 12 12
360 Ordinary B 1.00 360 360
372 372

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2022 4,867,560 2,002 4,869,562
Profit for the year 2,733,262 2,733,262
Dividends (228,000 ) (228,000 )
At 30 April 2023 7,372,822 2,002 7,374,824