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Registered number: 11686625
Mayura Property Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11686625
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 202,550 202,550
202,550 202,550
CURRENT ASSETS
Debtors 5 8,100 -
8,100 -
Creditors: Amounts Falling Due Within One Year 6 (195,321 ) (190,874 )
NET CURRENT ASSETS (LIABILITIES) (187,221 ) (190,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,329 11,676
NET ASSETS 15,329 11,676
CAPITAL AND RESERVES
Called up share capital 7 102 102
Profit and Loss Account 15,227 11,574
SHAREHOLDERS' FUNDS 15,329 11,676
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Mahinthan
Director
22/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mayura Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11686625 . The registered office is 4 Bucklers Close, Tunbridge Wells, TN2 4XB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable in the year.
2.3. Investment Properties
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 202,550
The director confirms that the fair value of the  investment property to be not materially different to the carrying value, based on his knowledge of the comparable local properties.
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by related company 8,100 -
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts - 64
Other creditors 189,873 187,157
Taxation and social security 5,448 3,653
195,321 190,874
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 102 102
Page 3