REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 February 2023 to 31 July 2024 |
for |
Maris Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 February 2023 to 31 July 2024 |
for |
Maris Properties Limited |
Maris Properties Limited (Registered number: 04964321) |
Contents of the Financial Statements |
for the Period 1 February 2023 to 31 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Maris Properties Limited |
Company Information |
for the Period 1 February 2023 to 31 July 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Venture House |
Calne Road |
Lyneham |
Chippenham |
SN15 4PP |
Maris Properties Limited (Registered number: 04964321) |
Statement of Financial Position |
31 July 2024 |
31.7.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Capital redemption reserve | 8 |
Fair value reserve | 8 |
Retained earnings | 8 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
Maris Properties Limited (Registered number: 04964321) |
Statement of Financial Position - continued |
31 July 2024 |
The financial statements were approved by the director and authorised for issue on |
Maris Properties Limited (Registered number: 04964321) |
Notes to the Financial Statements |
for the Period 1 February 2023 to 31 July 2024 |
1. | STATUTORY INFORMATION |
Maris Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 |
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. |
Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Maris Properties Limited (Registered number: 04964321) |
Notes to the Financial Statements - continued |
for the Period 1 February 2023 to 31 July 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2023 |
Disposals | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.1.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.1.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.24 | 31.1.23 |
value: | £ | £ |
Ordinary | £1 | 50 | 50 |
Maris Properties Limited (Registered number: 04964321) |
Notes to the Financial Statements - continued |
for the Period 1 February 2023 to 31 July 2024 |
8. | RESERVES |
Capital | Fair |
Retained | redemption | value |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
At 1 February 2023 | 956,081 |
Deficit for the period | ( |
) | - | - | ( |
) |
Dividends | ( |
) | - | - | ( |
) |
Transfer | 108,853 | - | (108,853 | ) | - |
At 31 July 2024 | ( |
) | (6,050 | ) |
9. | RELATED PARTY DISCLOSURES |
At the year end nil (2023: £415,941) was due from a company under common control. The balance was interest free and repayable on demand. |
On 7 December 2023 the company ceased operating activities and a dividend of £963,010 was paid to the parent company. On 17 July 2024 the company paid a final dividend to the parent company of £7,956. |
Rent of £3,540 was received on behalf of the parent company and transferred to the parent company. |
10. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is Maris Homes (Cumbria) Limited, registered address is Venture House, Calne Rd, Lyneham, Chippenham SN15 4PP. |
The ultimate controlling party is D Lavery. |
11. | GOING CONCERN |
On 7 December 2023 the company ceased operating activities and paid a dividend of £963,010; on 17 July 2024 the company paid a final dividend. |
The accounts are not prepared on a going concern basis. |