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REGISTERED NUMBER: 10721816 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MAVA INVESTMENTS LTD

MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MAVA INVESTMENTS LTD

Company Information
for the year ended 31 March 2024







Directors: Mr M Wright
Mrs J C K Wright





Registered office: Mardene Lodge
Outings Lane
Doddinghurst
Brentwood
Essex
CM15 OLS





Registered number: 10721816 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 100 100
Investment property 5 2,188,374 2,188,374
2,188,474 2,188,474

Current assets
Debtors 6 491,949 191,511
Cash at bank 117,033 52,939
608,982 244,450
Creditors
Amounts falling due within one year 7 25,147 30,528
Net current assets 583,835 213,922
Total assets less current liabilities 2,772,309 2,402,396

Capital and reserves
Called up share capital 8 220 220
Share premium 9 1,055,880 1,055,880
Retained earnings 9 1,716,209 1,346,296
Shareholders' funds 2,772,309 2,402,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:



Mr M Wright - Director



Mrs J C K Wright - Director


MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

MAVA Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about MAVA Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There were no estimates of adjustments required in the preparation of these accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2023
and 31 March 2024 100
Net book value
At 31 March 2024 100
At 31 March 2023 100

The fixed asset investments are in respect of 100% share capital of Essex Packaging Supplies Limited, a company incorporated in the United Kingdom.

5. Investment property
Total
£   
Cost
At 1 April 2023
and 31 March 2024 2,188,374
Net book value
At 31 March 2024 2,188,374
At 31 March 2023 2,188,374

The valuation of the investment property at the balance sheet date is the same as cost.

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 490,761 191,511
Other debtors 1,188 -
491,949 191,511

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 24,396 20,779
Other creditors 751 9,749
25,147 30,528

MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Called up share capital

Allotted, issued and fully
paid:


Number Class Nominal £   
Value
48 A Ordinary shares 1 48
48 B Ordinary shares 1 48
4 C Ordinary shares 1 4
120 D Ordinary shares 1 120
--------
220

9. Reserves
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 1,346,296 1,055,880 2,402,176
Profit for the year 372,913 372,913
Dividends (3,000 ) (3,000 )
At 31 March 2024 1,716,209 1,055,880 2,772,089

10. Capital & reserves of subsidiary companies

The aggregate amount of capital and reserves and the profit for the year were as follows:-


Capital &
Reserves
Profit/Loss in
Year

Essex Packaging Supplies Limited £1,425,741 £398,463


11. Ultimate controlling party

The controlling party is Mr and Mrs M Wright.