IRIS Accounts Production
v24.1.4.33
12004490
Board of Directors
1.12.22
30.11.23
30.11.23
0
0
false
true
false
false
true
false
Ordinary A, B, C & D
1.00000
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REGISTERED NUMBER: 12004490 (England and Wales) |
| Unaudited Financial Statements | |
| for the Year Ended 30 November 2023 | |
|
Notes to the Financial Statements |
3 |
|
|
REGISTERED OFFICE: |
Shadwell House |
|
REGISTERED NUMBER: |
12004490 (England and Wales) |
|
ACCOUNTANTS: |
Peter Hodgson & Co. |
Cash at bank |
1,164,384 |
|
2,284,241 |
|
|
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 |
|
|
Amounts falling due after more than one year |
7 |
- |
|
1,215,854 |
|
|
NET ASSETS |
1,263,614 |
|
1,302,029 |
|
|
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: |
|
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. |
|
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
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 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 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. |
|
The company's functional currency is £ sterling. |
|
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). |
|
Work-in-progress |
26,411 |
|
- |
|
|
5. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Directors' current accounts |
75,741 |
|
- |
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Accrued expenses |
4,000 |
|
10,500 |
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
Due to related parties |
- |
|
1,215,854 |
|
|
8. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
2023 |
2022 |
|
|
300 |
Ordinary A, B, C & D |
1 |
300 |
|
300 |
|
|
|
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. |