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REGISTERED NUMBER: 13327048 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Maverick Housing LTD

Maverick Housing LTD (Registered number: 13327048)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Maverick Housing LTD (Registered number: 13327048)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 4,960
Investment property 5 249,377 85,230
249,377 90,190

CURRENT ASSETS
Debtors 6 1,815 1,860
Cash at bank 3,082 1,597
4,897 3,457
CREDITORS
Amounts falling due within one year 7 155,428 96,310
NET CURRENT LIABILITIES (150,531 ) (92,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,846

(2,663

)

CREDITORS
Amounts falling due after more than
one year

8

130,050

-
NET LIABILITIES (31,204 ) (2,663 )

Maverick Housing LTD (Registered number: 13327048)

Statement of Financial Position - continued
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (31,304 ) (2,763 )
SHAREHOLDERS' FUNDS (31,204 ) (2,663 )

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.

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 16 April 2024 and were signed on its behalf by:





Mr Adrianus Josephus Petrus Stander - Director


Maverick Housing LTD (Registered number: 13327048)

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

1. STATUTORY INFORMATION

Maverick Housing LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13327048

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment and leasehold properties, 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.
Short leasehold - 33% on cost

Investment property
The investment properties has been stated at cost. The Board do not consider the fair value of the properties to be materially different from the value disclosed.

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 statement of financial position date.


Maverick Housing LTD (Registered number: 13327048)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company has net liabilities of £31,204. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Short
leasehold
£   
COST
At 1 May 2022 7,440
Disposals (7,440 )
At 30 April 2023 -
DEPRECIATION
At 1 May 2022 2,480
Eliminated on disposal (2,480 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 4,960

Maverick Housing LTD (Registered number: 13327048)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 85,230
Additions 181,546
Revaluations (17,399 )
At 30 April 2023 249,377
NET BOOK VALUE
At 30 April 2023 249,377
At 30 April 2022 85,230

Investment property situated at 69 oakdale avenue, wallasey CH44 7EU and 25 Percy Street, Bootle L20 4PG is under a charge from Hampshire Trust Bank PLC. The charge was created on 06th September 2022.

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2022 17,399
Valuation in 2023 (17,399 )
Cost 249,377
249,377

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 1,815 1,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other creditors 155,428 96,310

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 130,050 -

Maverick Housing LTD (Registered number: 13327048)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.23 30.4.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 130,050 -

9. SECURED DEBTS

The loan amounting to £130,050 is secured by the way of charge on the property situated at 69 oakdale avenue, wallasey CH44 7EU and 25 Percy Street, Bootle L20 4PG (Disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 06th September 2022.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

The company owes £23,536 to its director, Mr Ad Adrianus Josephus Petrus Stander who is also a 60% shareholder of the company as at accounting year end date.

The company owes £15,899 to its director, Ms Johanna Maria Verhezen who is also a 40% shareholder of the company as at accounting year end date.

The company was owed £1,257 as at accounting year end date from Midsomer Housing Ltd, a company registered in United Kingdom (Company registered number: 14047486). Mr Adrianus Josephus Petrus Stander and Ms Johanna Maria Verhezen are also directors and shareholders of this company.