Acorah Software Products - Accounts Production 15.0.600 false true false 8 December 2022 31 December 2023 31 December 2023 14530096 Mr Harinder Paul Mrs Hardeep Paul iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14530096 2022-12-07 14530096 2023-12-31 14530096 2022-12-08 2023-12-31 14530096 frs-core:Non-currentFinancialInstruments 2023-12-31 14530096 frs-core:FurnitureFittings 2022-12-08 2023-12-31 14530096 frs-core:ShareCapital 2023-12-31 14530096 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14530096 frs-bus:PrivateLimitedCompanyLtd 2022-12-08 2023-12-31 14530096 frs-bus:AbridgedAccounts 2022-12-08 2023-12-31 14530096 frs-bus:SmallEntities 2022-12-08 2023-12-31 14530096 frs-bus:AuditExempt-NoAccountantsReport 2022-12-08 2023-12-31 14530096 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-08 2023-12-31 14530096 frs-core:AdditionsToInvestments 2023-12-31 14530096 frs-core:CostValuation 2023-12-31 14530096 frs-bus:Director1 2022-12-08 2023-12-31 14530096 frs-bus:Director2 2022-12-08 2023-12-31 14530096 frs-countries:EnglandWales 2022-12-08 2023-12-31
Registered number: 14530096
Maya Sai Properties Ltd
Unaudited ABRIDGED Financial Statements
For the Period 8 December 2022 to 31 December 2023
JMS Accounting Services Ltd
485 Catalyst House
720 Centennial Court, Centennial Park
Elstree
Herfordshire
WD6 3SY
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 14530096
31 December 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 186,513
Investments 5 50
186,563
CURRENT ASSETS
Debtors 6,261
Cash at bank and in hand 458
6,719
Creditors: Amounts Falling Due Within One Year (176,023 )
NET CURRENT ASSETS (LIABILITIES) (169,304 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,259
Creditors: Amounts Falling Due After More Than One Year (184,365 )
NET LIABILITIES (167,106 )
CAPITAL AND RESERVES
Called up share capital 7 100
Income Statement (167,206 )
SHAREHOLDERS' FUNDS (167,106)
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For the period ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 2 September 2024 and were signed on its behalf by:
Mr Harinder Paul
Director
02/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Maya Sai Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14530096 . The registered office is 590 Green Lane, Ilford, IG3 9LW.
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. 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 bases:
Fixtures & Fittings 1298
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Tangible Assets
Total
£
Cost
As at 8 December 2022 185,215
Additions 1,298
As at 31 December 2023 186,513
Net Book Value
As at 31 December 2023 186,513
As at 8 December 2022 185,215
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5. Investments
Total
£
Cost
As at 8 December 2022 -
Additions 50
As at 31 December 2023 50
Provision
As at 8 December 2022 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 50
As at 8 December 2022 -
6. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023
£
Bank loans and overdrafts 184,365
7. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 100
8. Directors Advances, Credits and Guarantees
The directors provided personal guarantee to the mortgage lenders as well as first charge of property.
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