Company Registration No. 11918734 (England and Wales)
Maiford MBO Ltd
Unaudited accounts
for the year ended 30 April 2024
Maiford MBO Ltd
Unaudited accounts
Contents
Maiford MBO Ltd
Company Information
for the year ended 30 April 2024
Directors
A J Wallis
R L Reader
Company Number
11918734 (England and Wales)
Registered Office
Boundary House
523 New Hythe Lane
Aylesford
Kent
ME20 6SB
Accountants
Wiggins & Co, Chartered Accountants
The Old Stables, East Lenham Farm
Ashford Road, Lenham
Maidstone
Kent
ME17 2DP
Maiford MBO Ltd
Accountants' report
Accountants' report to the board of directors of Maiford MBO Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Maiford MBO Ltd for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Maiford MBO Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Maiford MBO Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maiford MBO Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Maiford MBO Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Maiford MBO Ltd. You consider that Maiford MBO Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Maiford MBO Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Wiggins & Co, Chartered Accountants
The Old Stables, East Lenham Farm
Ashford Road, Lenham
Maidstone
Kent
ME17 2DP
14 November 2024
Maiford MBO Ltd
Statement of financial position
as at 30 April 2024
Investments
2,267,520
2,267,520
Creditors: amounts falling due within one year
(1,138,768)
(1,393,312)
Net current liabilities
(1,138,668)
(1,393,212)
Net assets
1,128,852
874,308
Called up share capital
100
100
Profit and loss account
1,128,752
874,208
Shareholders' funds
1,128,852
874,308
For the year ending 30 April 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
A J Wallis
Director
Company Registration No. 11918734
Maiford MBO Ltd
Notes to the Accounts
for the year ended 30 April 2024
Maiford MBO Ltd is a private company, limited by shares, registered in England and Wales, registration number 11918734. The registered office is Boundary House, 523 New Hythe Lane, Aylesford, Kent, ME20 6SB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Valuation at 1 May 2023
2,267,520
Valuation at 30 April 2024
2,267,520
Subsidiary Undertaking
The Company's investments in its subsidiary companies, Maiford Trading Ltd and Nigel Palmer Properties Ltd represents the cost of acquisition of the whole of the ordinary share capital of the companies, which trade as a fencing contractor, and owner of the freehold property.
At 30th April 2024 the aggregate of the share capital and reserves of the companies amounted to £1,584,224.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,138,768
1,393,312
The Directors control the company, and the group, by virtue of them controlling 100% of the issued share capital.
Maiford MBO Ltd
Notes to the Accounts
for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).