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Registered number: 11662561
Max Weiland Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 11662561
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 39,812
Tangible Assets 5 3,667 4,161
3,667 43,973
CURRENT ASSETS
Debtors 6 224,975 346,887
Investments 7 83,007 82,673
Cash at bank and in hand 58,545 54,681
366,527 484,241
Creditors: Amounts Falling Due Within One Year 8 (91,796 ) (189,409 )
NET CURRENT ASSETS (LIABILITIES) 274,731 294,832
TOTAL ASSETS LESS CURRENT LIABILITIES 278,398 338,805
NET ASSETS 278,398 338,805
CAPITAL AND RESERVES
Called up share capital 9 4 4
Income Statement 278,394 338,801
SHAREHOLDERS' FUNDS 278,398 338,805
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mr Max Weiland
Director
23 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Max Weiland Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11662561 . The registered office is 1 Mountview Court, 310 Friern Barnet Lane, London, N20 0LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures & Fittings 25% Straight Line Basis
Computer Equipment 25% Straight Line Basis
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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2.10. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
2.11. Investments
Investments are initially measured at cost, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the income statement.
2.12. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 199,062
As at 30 November 2023 199,062
Amortisation
As at 1 December 2022 159,250
Provided during the period 39,812
As at 30 November 2023 199,062
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 2,827 6,665 9,492
Additions - 2,106 2,106
As at 30 November 2023 2,827 8,771 11,598
Depreciation
As at 1 December 2022 2,123 3,208 5,331
Provided during the period 405 2,195 2,600
As at 30 November 2023 2,528 5,403 7,931
Net Book Value
As at 30 November 2023 299 3,368 3,667
As at 1 December 2022 704 3,457 4,161
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,200 100,800
Other debtors 59,619 59,619
Directors' loan accounts 158,156 186,468
224,975 346,887
7. Current Asset Investments
2023 2022
£ £
Listed investments 83,007 82,673
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,134 -
Corporation tax 51,487 87,992
VAT 1,131 16,514
Accruals and deferred income 36,044 84,903
91,796 189,409
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
1 Ordinary B shares of £ 1.00 each 1 1
1 Ordinary C shares of £ 1.00 each 1 1
4 4
During the year, the company issued and alloted the following shares;

1 Ordinary Share of a nominal value of £1, issued at par.
1 Ordinary B Share of a nominal value of £1, issued at par.
1 Ordinary C Share of a nominal value of £1, issued at par.
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 3,200 4,620
Later than one year and not later than five years 1,600 -
4,800 4,620
11. Directors Advances, Credits and Guarantees
During the year, the directors were advanced £201,000 and repaid £229,312. Interest at the approved HMRC rate has been applied to the loan. The balance at the year end is £158,156 (2022: £186,468).
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12. Ultimate Controlling Party
The company's ultimate controlling party are Mr Max Weiland and Miss Charlotte Dyer by virtue of their ownership of 50%, each, of the issued share capital in the company.
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