Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-010The principal activity of the company during the year was the development of building projects.falsetrue0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13567153 2023-04-01 2024-03-31 13567153 2022-04-01 2023-03-31 13567153 2024-03-31 13567153 2023-03-31 13567153 c:Director1 2023-04-01 2024-03-31 13567153 d:CurrentFinancialInstruments 2024-03-31 13567153 d:CurrentFinancialInstruments 2023-03-31 13567153 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13567153 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13567153 d:ShareCapital 2024-03-31 13567153 d:ShareCapital 2023-03-31 13567153 d:RetainedEarningsAccumulatedLosses 2024-03-31 13567153 d:RetainedEarningsAccumulatedLosses 2023-03-31 13567153 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13567153 c:OrdinaryShareClass1 2024-03-31 13567153 c:OrdinaryShareClass1 2023-03-31 13567153 c:FRS102 2023-04-01 2024-03-31 13567153 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13567153 c:FullAccounts 2023-04-01 2024-03-31 13567153 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13567153 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13567153









MAPLE (HADLEIGH) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MAPLE (HADLEIGH) LIMITED
REGISTERED NUMBER: 13567153

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

CURRENT ASSETS
  

Stocks
 4 
432,782
1,088,369

Debtors: amounts falling due within one year
 5 
31,208
18,165

Cash at bank and in hand
  
1,251
29,982

  
465,241
1,136,516

Creditors: amounts falling due within one year
 6 
(30,208)
(774,385)

NET CURRENT ASSETS
  
 
 
435,033
 
 
362,131

NET ASSETS
  
435,033
362,131


CAPITAL AND RESERVES
  

Called up share capital 
 7 
392,241
392,241

Profit and loss account
  
42,792
(30,110)

  
435,033
362,131


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P J T Cooper
Director

Date: 15 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MAPLE (HADLEIGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Maple (Hadleigh) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal trading address is Linden Square, 146 Kings Road, Bury St Edmunds, IP33 3DJ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover comprises the proceeds of sale of development property recognised by the Company during the year, exclusive of Value Added Tax.

 
2.3

STOCKS AND WORK IN PROGRESS

Stocks are valued at the lower of cost and net realisable value and comprise development property and associated costs capitalised and carried forward under ongoing projects.
Capitalised development costs are written off to the profit and loss account in the period in which losses are first foreseen.

 
2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
MAPLE (HADLEIGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


STOCKS

2024
2023
£
£

Work in progress
432,782
1,088,369



5.


DEBTORS

2024
2023
£
£

Other debtors
30,108
17,105

Prepayments and accrued income
1,100
1,060

31,208
18,165


Page 3

 
MAPLE (HADLEIGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


CREDITORS: AMOUNTS DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
-
772,850

Other loans
15,000
-

Trade creditors
2,640
-

Corporation tax
10,326
-

Accruals and deferred income
2,242
1,535

30,208
774,385


Included within bank loans is a loan of £NIL (2023 - £454,336) charged at an interest rate of 7.00% above Base Rate. The loan principal is repayable at the earlier of 18 months after the first draw down and 21 August 2023. The loan is secured on the assets of the Company and by personal guarantees provided by the directors.
Also included within bank loans is a loan of £NIL (2023 - £318,514) charged at an interest rate of 6.10% above Base Rate. The loan principal is repayable at the earlier of 21 months after the first draw down and 21 November 2023. The loan is secured on the assets of the Company and by personal guarantees provided by the directors.
Other loans comprise an unsecured facility on which interest is charged at 6% per annum. 


7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



392,241 (2023 - 392,241) Ordinary shares of £1.00 each
392,241
392,241


 
Page 4