Maple Assets Ltd 14699705 false 2023-03-02 2024-03-31 2024-03-31 The principal activity of the company is private market property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 14699705 2023-03-02 2024-03-31 14699705 2024-03-31 14699705 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14699705 1 2024-03-31 14699705 bus:SmallEntities 2023-03-02 2024-03-31 14699705 bus:AuditExemptWithAccountantsReport 2023-03-02 2024-03-31 14699705 bus:FilletedAccounts 2023-03-02 2024-03-31 14699705 bus:SmallCompaniesRegimeForAccounts 2023-03-02 2024-03-31 14699705 bus:RegisteredOffice 2023-03-02 2024-03-31 14699705 bus:Director1 2023-03-02 2024-03-31 14699705 bus:Director2 2023-03-02 2024-03-31 14699705 bus:PrivateLimitedCompanyLtd 2023-03-02 2024-03-31 14699705 countries:EnglandWales 2023-03-02 2024-03-31 14699705 1 2023-03-02 2024-03-31 14699705 1 2023-03-01 iso4217:GBP xbrli:pure

Registration number: 14699705

Maple Assets Ltd

Unaudited Filleted Financial Statements

for the Period from 2 March 2023 to 31 March 2024

 

Maple Assets Ltd

Contents
for the Period from 2 March 2023 to 31 March 2024

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Maple Assets Ltd

Company Information
for the Period from 2 March 2023 to 31 March 2024

Directors

M Deegan

P Deegan

Registered office

265-269 Wimbledon Park Road
Southfields
London
SW19 6NW

Registered number

14699705 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Maple Assets Ltd

(Registration number: 14699705)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Investment property

4

489,055

Creditors: Amounts falling due within one year

5

(493,328)

Net liabilities

 

(4,273)

Capital and reserves

 

Called up share capital

100

Retained earnings

(4,373)

Shareholders' deficit

 

(4,273)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

.........................................
M Deegan
Director

 

Maple Assets Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
265-269 Wimbledon Park Road
Southfields
London
SW19 6NW

These financial statements were authorised for issue by the Board on 13 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the directors will continue to financially support the company for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received in relation to rental income received from investment properties.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Maple Assets Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2023 to 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2024
£

Additions

489,055

At 31 March

489,055

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

3,600

Other creditors

489,728

493,328

6

Related party transactions

Transactions with directors

2024

At 2 March 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Advances and credits

-

17,060

(506,788)

(489,728)

 

Other transactions with directors

The balance due to the directors at the year end date was free of interest and deemed repayable on demand.