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REGISTERED NUMBER: 05937126 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THE MAVERICK CONSULTANCY LTD

THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

THE MAVERICK CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: R Whinfrey
H C Jacobs





SECRETARY: H C Jacobs





REGISTERED OFFICE: Russell House
140 High Street
Edgware
Middlesex
HA8 7LW





REGISTERED NUMBER: 05937126 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St Johns Wood
London
NW8 0DL

THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 806
Investments 5 3,829 3,829
3,829 4,635

CURRENT ASSETS
Stocks 111,114 111,114
Debtors 6 12,518 11,197
Cash at bank and in hand 4,522 14,944
128,154 137,255
CREDITORS
Amounts falling due within one year 7 (180,237 ) (151,821 )
NET CURRENT LIABILITIES (52,083 ) (14,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,254

)

(9,931

)

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 546 546
Retained earnings 8 (48,900 ) (10,577 )
(48,254 ) (9,931 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

BALANCE SHEET - continued
30 SEPTEMBER 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 28 June 2024 and were signed on its behalf by:





H C Jacobs - Director


THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

The Maverick Consultancy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Monetary amounts are rounded to the nearest pound

Turnover
Turnover represents net invoices for sale of services, excluding value added tax.

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 - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortise cost using the effective interest method, less any impairment

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators or impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfer the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired int he ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Interest Payable
Interest payable is charged to the profit and loss account on an accruals basis.

Government grants
Government grants are recognised where there is reasonable assurance that the grant will be received. Loans provided and/or guaranteed by government that represent market rates of interest are recorded at the amount of the proceeds received and recognised within Borrowings. Those loans provided and/or guaranteed by government that represent below market rates of interest are measured at inception at their fair value and recognised within Borrowings, with the differential to the proceeds received recorded within Deferred income and released to the relevant financial statement caption in the Income statement on an accruals basis. Grants that compensate the Company for expenses incurred are recognised in the Income statement in the relevant financial statement caption on an accruals basis in the periods in which the expenses are recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 9,269
Disposals (1 )
At 30 September 2023 9,268
DEPRECIATION
At 1 October 2022 8,463
Charge for year 806
Eliminated on disposal (1 )
At 30 September 2023 9,268
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 806

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 3,829
NET BOOK VALUE
At 30 September 2023 3,829
At 30 September 2022 3,829

The fixed asset investment was valued on an open market basis on 30 September 2021 by the OTC Markets stock exchange.

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Maverick Products International Private Limited
Registered office: Karnataka, India
Nature of business: Buying, selling, importing products.
%
Class of shares: holding
Ordinary 100.00

THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 11,526 10,379
Amounts owed by group undertakings 5 250
Other debtors 987 568
12,518 11,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 8,996 12,133
Taxation and social security (102 ) 804
Other creditors 171,343 138,884
180,237 151,821

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 (10,577 ) 546 (10,031 )
Deficit for the year (38,323 ) (38,323 )
At 30 September 2023 (48,900 ) 546 (48,354 )

9. RELATED PARTY DISCLOSURES

R Whinfrey
The company director


30.9.23 30.9.22
£    £   
Amount due to related party at the balance sheet date 46,457 13,885

H C Jacobs
The company director


30.9.23 30.9.22
£    £   
Amount due from related party at the balance sheet date 988 568

THE MAVERICK CONSULTANCY LTD (REGISTERED NUMBER: 05937126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. RELATED PARTY DISCLOSURES - continued

Chamberlain and Cross Limited

A company under common control


30.9.23 30.9.22
£    £   
Amount due from related party at the balance sheet date - 245

Maverick Products International Private Limited

A company under common control


30.9.23 30.9.22
£    £   
Amount due from related party at the balance sheet date 5 5

10. ULTIMATE CONTROLLING PARTY

During the period of the accounts, the company was under the control of both directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE MAVERICK CONSULTANCY LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Maverick Consultancy Ltd for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Maverick Consultancy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Maverick Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of The Maverick Consultancy Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Maverick Consultancy Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Maverick Consultancy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Maverick Consultancy Ltd. You consider that The Maverick Consultancy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Maverick Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St Johns Wood
London
NW8 0DL


28 June 2024