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REGISTERED NUMBER: 03338159 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mauriac Limited

Mauriac Limited (Registered number: 03338159)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mauriac Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W N Francis
J N Francis
Miss L E Francis





REGISTERED OFFICE: The Hollies
Horton
Gower
Swansea
West Glamorgan
SA3 1LQ





REGISTERED NUMBER: 03338159 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Mauriac Limited (Registered number: 03338159)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 600,086 600,115

CURRENT ASSETS
Debtors 5 12,415 7,647
Cash at bank 110,856 108,444
123,271 116,091
CREDITORS
Amounts falling due within one year 6 10,686 10,334
NET CURRENT ASSETS 112,585 105,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,671

705,872

PROVISIONS FOR LIABILITIES 7 3 6
NET ASSETS 712,668 705,866

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 374,291 374,291
Retained earnings 8 338,277 331,475
SHAREHOLDERS' FUNDS 712,668 705,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Mauriac Limited (Registered number: 03338159)

Balance Sheet - continued
31 March 2024


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 6 August 2024 and were signed on its behalf by:





W N Francis - Director


Mauriac Limited (Registered number: 03338159)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mauriac 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.

Turnover
Turnover represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance

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 1 (2023 - 1 ) .

Mauriac Limited (Registered number: 03338159)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 600,000 6,467 606,467
DEPRECIATION
At 1 April 2023 - 6,352 6,352
Charge for year - 29 29
At 31 March 2024 - 6,381 6,381
NET BOOK VALUE
At 31 March 2024 600,000 86 600,086
At 31 March 2023 600,000 115 600,115

Freehold properties were valued on an open market basis on 16 November 2020 by Astleys, Chartered Surveyors.

If freehold properties had not been revalued they would have been included on the historical basis at a cost of £225,709.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by related undertakings 12,415 7,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 7,697 7,058
Other creditors 2,989 3,276
10,686 10,334

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3 6

Mauriac Limited (Registered number: 03338159)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 6
Credit to Income Statement during year (3 )
Balance at 31 March 2024 3

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 331,475 374,291 705,766
Profit for the year 32,802 32,802
Dividends (26,000 ) (26,000 )
At 31 March 2024 338,277 374,291 712,568

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £26,000 were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is W N Francis.