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REGISTERED NUMBER: 07882106 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Maximum Air Properties (UK) Limited

Maximum Air Properties (UK) Limited (Registered number: 07882106)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maximum Air Properties (UK) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D J Tilbury
Mrs E L Tilbury





SECRETARY: Mrs E L Tilbury





REGISTERED OFFICE: Unit 1 Falcon Court
Parklands Business Park
Forest Road
Denmead
Hampshire
PO7 6BZ





REGISTERED NUMBER: 07882106 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Maximum Air Properties (UK) Limited (Registered number: 07882106)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,733,000 1,933,000

CURRENT ASSETS
Debtors 5 6,018 4,032
Cash at bank 49,182 73,570
55,200 77,602
CREDITORS
Amounts falling due within one year 6 59,246 51,206
NET CURRENT (LIABILITIES)/ASSETS (4,046 ) 26,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,728,954

1,959,396

CREDITORS
Amounts falling due after more than one
year

7

(1,614,465

)

(1,714,465

)

PROVISIONS FOR LIABILITIES - (13,711 )
NET ASSETS 114,489 231,220

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable retained
earnings - 87,047
Retained earnings 114,487 144,171
SHAREHOLDERS' FUNDS 114,489 231,220

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

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

Maximum Air Properties (UK) Limited (Registered number: 07882106)

Balance Sheet - continued
31 October 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 26 July 2024 and were signed on its behalf by:




D J Tilbury - Director



Mrs E L Tilbury - Director


Maximum Air Properties (UK) Limited (Registered number: 07882106)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Maximum Air Properties (UK) 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.

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.

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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,933,000
Revaluations (200,000 )
At 31 October 2023 1,733,000
NET BOOK VALUE
At 31 October 2023 1,733,000
At 31 October 2022 1,933,000

Maximum Air Properties (UK) Limited (Registered number: 07882106)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2019 123,229
Valuation in 2022 (22,471 )
Valuation in 2023 (200,000 )
Cost 1,832,242
1,733,000

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

2023 2022
£    £   
Cost 1,832,242 1,832,242

Investment property was valued on an open market basis on 31 October 2023 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,720 3,506
Other debtors 298 526
6,018 4,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 496
Taxation and social security 24,173 20,765
Other creditors 35,073 29,945
59,246 51,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,614,465 1,714,465