Registered number: 07416273 | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
Prepared By: | ||||||||
Greywalls Accountants Limited | ||||||||
13 | ||||||||
Isis Lake | ||||||||
Cirencester | ||||||||
Gloucestershire | ||||||||
GL7 5LT |
Maidenhead Holdings (UK) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Berkshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07416273 | ||||||||
ACCOUNTANTS | ||||||||
Greywalls Accountants Limited | ||||||||
13 | ||||||||
Isis Lake | ||||||||
Cirencester | ||||||||
Gloucestershire | ||||||||
GL7 5LT |
Maidenhead Holdings (UK) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/01/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Maidenhead Holdings (UK) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
443,472 | 430,682 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 82,479 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Revaluation reserve | 1d,10 | 762,854 | 762,854 | |||||||
Profit and loss account | 634,453 | 599,842 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Maidenhead Holdings (UK) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1d. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
1e. Functional Currency | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
1f. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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. |
Maidenhead Holdings (UK) Limited | ||||||||
2. TANGIBLE FIXED ASSETS |
Cost |
At 31/01/2024 |
Depreciation |
At 31/01/2024 |
Net Book Amounts |
At 31/01/2024 |
3. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/02/2023 | 19,002 | 19,002 | |||||||
At 31/01/2024 | 19,002 | 19,002 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/01/2024 | 19,002 | 19,002 | |||||||
At 31/01/2023 | 19,002 | 19,002 | |||||||
The company holds one hundred percent of the issued share capital of Maidenhead Printing & Stationery Company Limited and MPS Property (UK) Limited. | |||||||||
Maidenhead Printing & Stationery Company Limited made a profit of £15,734 (2023 loss - £12,364) for the year and had retained reserves of (£20,303) (2023 - (£36,731)). | |||||||||
MPS Property (UK) Limited made a loss of £368 (2023 profit - £178,060) for the year and had retained reserves of £541,719 (2023 - £603,629). |
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/02/2023 | 1,425,157 | 1,425,157 | ||||||
At 31/01/2024 | 1,425,157 | 1,425,157 | ||||||
Investment properties are stated at fair value. | ||||||||
These have been determined by the director of the business, based upon current prices in an active market for similar property in the same location and condition. | ||||||||
Maidenhead Holdings (UK) Limited | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Amounts due from group companies | 443,472 | 430,682 | ||||||
443,472 | 430,682 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | - | 5,057 | ||||||
Directors current account | 326,382 | 343,146 | ||||||
326,382 | 348,203 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 144,942 | 144,942 | ||||||
144,942 | 144,942 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
19,000 | 19,000 | |||||||
19,000 | 19,000 | |||||||
Maidenhead Holdings (UK) Limited | ||||||||
10. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 762,854 | 762,854 | ||||||
762,854 | 762,854 | |||||||
As at the year end, the company's director revalued the investment property held on an open market basis. The cumulative surplus on revaluation was £762,854 (2023 - £762,854). | ||||||||
11. CONTROLLING PARTY | ||||||||
J Fulbrook controls the company, by virtue of his interest in the company's issued share capital. | ||||||||
12. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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13. COMPANY INFORMATION | ||||||||
Maidenhead Holdings UK Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07416273. The registered office is 3 Hamilton Gardens, Burnham, Slough, SL1 7AA. | ||||||||
14. CONSOLIDATED ACCOUNTS | ||||||||
The company has taken advantage of the exemption from preparing consolidated financial statements, on the basis that the group qualifies as a small group. | ||||||||