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REGISTERED NUMBER: 07196630 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARYLAND CAPITAL LIMITED

MARYLAND CAPITAL LIMITED (REGISTERED NUMBER: 07196630)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARYLAND CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R R Shah MSc FRICS
N Thanki





REGISTERED OFFICE: 55a Welbeck Street
London
W1G 9XQ





REGISTERED NUMBER: 07196630 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MARYLAND CAPITAL LIMITED (REGISTERED NUMBER: 07196630)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 66,935 66,935

CURRENT ASSETS
Debtors 5 560,322 560,322
Prepayments and accrued income 120 113
Cash at bank 51,416 55,336
611,858 615,771
CREDITORS
Amounts falling due within one year 6 492,100 476,807
NET CURRENT ASSETS 119,758 138,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,693

205,899

CAPITAL AND RESERVES
Called up share capital 440 440
Retained earnings 7 186,253 205,459
SHAREHOLDERS' FUNDS 186,693 205,899

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

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

MARYLAND CAPITAL LIMITED (REGISTERED NUMBER: 07196630)

BALANCE SHEET - continued
31 DECEMBER 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 30 July 2024 and were signed on its behalf by:





R R Shah MSc FRICS - Director


MARYLAND CAPITAL LIMITED (REGISTERED NUMBER: 07196630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Maryland Capital 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

FIXED ASSET INVESTMENTS
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 4,667 4,667
Other investments not loans 62,268 62,268
66,935 66,935

MARYLAND CAPITAL LIMITED (REGISTERED NUMBER: 07196630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 4,667
NET BOOK VALUE
At 31 December 2023 4,667
At 31 December 2022 4,667

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Art, antiques & collectibles 62,268 62,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 560,322 560,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 489,820 474,707
Other creditors 2,280 2,100
492,100 476,807

7. RESERVES
Retained
earnings
£   

At 1 January 2023 205,459
Deficit for the year (19,206 )
At 31 December 2023 186,253

MARYLAND CAPITAL LIMITED (REGISTERED NUMBER: 07196630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. ULTIMATE CONTROLLING PARTY

The controlling party is Saffron Capital Limited, whose registered address is 55a Welbeck Street, London, W1G 9XQ.

The ultimate controlling party is Mr R R Shah by virtue of his shareholding in the parent company.