0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,300,000 1,300,000 1,300,000 xbrli:pure xbrli:shares iso4217:GBP 05813564 2022-06-01 2023-05-31 05813564 2023-05-31 05813564 2022-05-31 05813564 2021-06-01 2022-05-31 05813564 2022-05-31 05813564 2021-05-31 05813564 bus:Director2 2022-06-01 2023-05-31 05813564 core:WithinOneYear 2023-05-31 05813564 core:WithinOneYear 2022-05-31 05813564 core:AfterOneYear 2023-05-31 05813564 core:AfterOneYear 2022-05-31 05813564 core:ShareCapital 2023-05-31 05813564 core:ShareCapital 2022-05-31 05813564 core:RevaluationReserve 2023-05-31 05813564 core:RevaluationReserve 2022-05-31 05813564 core:RetainedEarningsAccumulatedLosses 2023-05-31 05813564 core:RetainedEarningsAccumulatedLosses 2022-05-31 05813564 core:LandBuildings 2023-05-31 05813564 core:LandBuildings 2022-05-31 05813564 bus:SmallEntities 2022-06-01 2023-05-31 05813564 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 05813564 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 05813564 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 05813564 bus:FullAccounts 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 05813564
MAIDSTONE (NPR) PROPERTY LTD
Filleted Unaudited Financial Statements
31 May 2023
MAIDSTONE (NPR) PROPERTY LTD
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
1,300,000
1,300,000
Current assets
Debtors
5
1,330,790
1,406,127
Cash at bank and in hand
99,481
21,462
------------
------------
1,430,271
1,427,589
Creditors: amounts falling due within one year
6
116,358
104,840
------------
------------
Net current assets
1,313,913
1,322,749
------------
------------
Total assets less current liabilities
2,613,913
2,622,749
Creditors: amounts falling due after more than one year
7
665,665
695,486
Provisions
Taxation including deferred tax
141,000
141,000
------------
------------
Net assets
1,807,248
1,786,263
------------
------------
Capital and reserves
Called up share capital
1
1
Revaluation reserve
802,088
802,088
Profit and loss account
1,005,159
984,174
------------
------------
Shareholders funds
1,807,248
1,786,263
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MAIDSTONE (NPR) PROPERTY LTD
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
H Iwanier
Director
Company registration number: 05813564
MAIDSTONE (NPR) PROPERTY LTD
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Armitage Road, Golders Green, London, NW11 8RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Tangible assets
Land and buildings
£
Cost
At 1 June 2022 and 31 May 2023
1,300,000
------------
Depreciation
At 1 June 2022 and 31 May 2023
------------
Carrying amount
At 31 May 2023
1,300,000
------------
At 31 May 2022
1,300,000
------------
The directors considered that the cost price of the property represents the current market value.
5. Debtors
2023
2022
£
£
Other debtors
1,330,790
1,406,127
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
28,271
25,903
Corporation tax
17,850
24,489
Other creditors
70,237
54,448
---------
---------
116,358
104,840
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
665,665
695,486
---------
---------