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REGISTERED NUMBER: 00660032 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Maintenance Securities (Investment) Ltd

Maintenance Securities (Investment) Ltd (Registered number: 00660032)






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


Maintenance Securities (Investment) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R B Barzilay
M E Lyons





REGISTERED OFFICE: 6 Poole Hill
Bournemouth
Dorset
BH2 5PS





REGISTERED NUMBER: 00660032 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Maintenance Securities (Investment) Ltd (Registered number: 00660032)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 633,495 524,000

CURRENT ASSETS
Debtors 5 262,796 338,638

CREDITORS
Amounts falling due within one year 6 5,178 14,420
NET CURRENT ASSETS 257,618 324,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

891,113

848,218

CREDITORS
Amounts falling due after more than one
year

7

-

(3,675

)

PROVISIONS FOR LIABILITIES (106,500 ) (69,800 )
NET ASSETS 784,613 774,743

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non distributable reserve 8 357,855 304,555
Retained earnings 425,758 469,188
784,613 774,743

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.

Maintenance Securities (Investment) Ltd (Registered number: 00660032)

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 4 July 2024 and were signed on its behalf by:





R B Barzilay - Director


Maintenance Securities (Investment) Ltd (Registered number: 00660032)

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

1. STATUTORY INFORMATION

Maintenance Securities (Investment) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2023 - 1 ).

Maintenance Securities (Investment) Ltd (Registered number: 00660032)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 524,000
Additions 19,495
Revaluations 90,000
At 31 March 2024 633,495
NET BOOK VALUE
At 31 March 2024 633,495
At 31 March 2023 524,000

Fair value at 31 March 2024 is represented by:

£
Valuation in 1982 646
Valuation in 1990 2,993
Valuation in 1994 286
Valuation in 1995 54,500
Valuation in 2004 492,367
Valuation in 2005 500
Valuation in 2006 400,000
Valuation in 2008 (462,247 )
Valuation in 2009 (63,839 )
Valuation in 2011 (170,917 )
Valuation in 2012 (85,000 )
Valuation in 2013 366
Valuation in 2018 25,000
Valuation in 2021 159,700
Valuation in 2023 20,000
Valuation in 2024 90,000
Cost 169,140
633,495

There has been no valuation of investment property by an independent valuer.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 262,796 338,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 1,275
Taxation and social security 1,802 8,874
Other creditors 3,376 4,271
5,178 14,420

Maintenance Securities (Investment) Ltd (Registered number: 00660032)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 3,675

8. RESERVES
Non
distributable
reserve
£   
At 1 April 2023 304,555
Fair value transfer 53,300

At 31 March 2024 357,855

9. PARENT COMPANY INFORMATION

Maintenance Securities (Investment) Ltd is a wholly owned subsidiary of Courtmount Investments Ltd, whose registered office is 6 Poole Hill, Bournemouth, BH2 5PS.