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REGISTERED NUMBER: 12004490 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Mavis Burkett Ltd

Mavis Burkett Ltd (Registered number: 12004490)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mavis Burkett Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M V Burkett
P M Burkett





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 12004490 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Mavis Burkett Ltd (Registered number: 12004490)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 26,411 -
Debtors 5 76,819 608,759
Cash at bank 1,164,384 2,284,241
1,267,614 2,893,000
CREDITORS
Amounts falling due within one year 6 4,000 375,117
NET CURRENT ASSETS 1,263,614 2,517,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,614

2,517,883

CREDITORS
Amounts falling due after more than one
year

7

-

1,215,854
NET ASSETS 1,263,614 1,302,029

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 9 1,263,314 1,301,729
SHAREHOLDERS' FUNDS 1,263,614 1,302,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 27 August 2024 and were signed on its behalf by:



M V Burkett - Director


Mavis Burkett Ltd (Registered number: 12004490)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Mavis Burkett 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.

Significant judgements and estimates
The valuation of work in progress is a significant estimate included in the accounts. The directors consider the value to be greatly in excess of the balance sheet amount.

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

Stocks
Development projects are valued at cost plus attributable profit earned to the balance sheet date, less provision for foreseeable losses and impairments. Valuations are supported by independent and suitably qualified professional valuers.

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.

Functional currency
The company's functional currency is £ sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

3. EMPLOYEES AND DIRECTORS

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

Mavis Burkett Ltd (Registered number: 12004490)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. STOCKS
2023 2022
£    £   
Work-in-progress 26,411 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 304,000
Directors' current accounts 75,741 -
VAT 1,078 304,759
76,819 608,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 59,273
Tax - 305,344
Accrued expenses 4,000 10,500
4,000 375,117

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Due to related parties - 1,215,854

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary A, B, C & D 1 300 300

9. RESERVES
Retained
earnings
£   

At 1 December 2022 1,301,729
Deficit for the year (38,415 )
At 30 November 2023 1,263,314

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who hold the majority of the company's shares and voting rights.