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REGISTERED NUMBER: 03500779 (England and Wales)





















Financial Statements

for the Year Ended 29 February 2024

for

Maison Bleue Limited

Maison Bleue Limited (Registered number: 03500779)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maison Bleue Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs K Canevet
P Canevet





SECRETARY: Mrs K Canevet





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





REGISTERED NUMBER: 03500779 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

Maison Bleue Limited (Registered number: 03500779)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 603,950 603,984
Investments 6 100 100
604,050 604,084

CURRENT ASSETS
Stocks 34,202 34,206
Debtors 7 16,561 27,636
Cash at bank and in hand 944 5,599
51,707 67,441
CREDITORS
Amounts falling due within one year 8 242,021 259,925
NET CURRENT LIABILITIES (190,314 ) (192,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,736

411,600

CREDITORS
Amounts falling due after more than one
year

9

(104,375

)

(96,203

)

PROVISIONS FOR LIABILITIES (85,837 ) (82,162 )
NET ASSETS 223,524 233,235

CAPITAL AND RESERVES
Called up share capital 48 48
Fair value reserve (non dist) 11 300,522 281,022
Capital redemption reserve 52 52
Retained earnings (77,098 ) (47,887 )
SHAREHOLDERS' FUNDS 223,524 233,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Maison Bleue Limited (Registered number: 03500779)

Balance Sheet - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mrs K Canevet - Director


Maison Bleue Limited (Registered number: 03500779)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Maison Bleue Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Improvements to property - in accordance with the property
Equipment - 25% on reducing balance and 15 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Maison Bleue Limited (Registered number: 03500779)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at fair year value at the balance sheet date. A valuation is obtained by the Directors.

Revaluation gains and losses are recognised in the Fair Value reserve net of the effect of the deferred tax on the change in value.

Going concern
The company has continued to be profitable over a number of years and meets its day-to-day working capital requirements through an overdraft facility. The directors are aware of no matters that might suggest that this facility will not be available for the foreseeable future. Therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 102,000
AMORTISATION
At 1 March 2023
and 29 February 2024 102,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Maison Bleue Limited (Registered number: 03500779)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 447,000 473,353 920,353
Additions - 12,772 12,772
Disposals - (2,268 ) (2,268 )
Revaluations 26,000 - 26,000
At 29 February 2024 473,000 483,857 956,857
DEPRECIATION
At 1 March 2023 11,604 304,765 316,369
Charge for year 464 38,249 38,713
Eliminated on disposal - (2,175 ) (2,175 )
At 29 February 2024 12,068 340,839 352,907
NET BOOK VALUE
At 29 February 2024 460,932 143,018 603,950
At 28 February 2023 435,396 168,588 603,984

Cost or valuation at 29 February 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2012 155,550 - 155,550
Valuation in 2013 10,000 - 10,000
Valuation in 2015 25,500 - 25,500
Valuation in 2017 4,500 - 4,500
Valuation in 2018 60,000 - 60,000
Valuation in 2023 94,000 - 94,000
Valuation in 2024 26,000 - 26,000
Cost 97,450 483,857 581,307
473,000 483,857 956,857

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

Maison Bleue Limited (Registered number: 03500779)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. FIXED ASSET INVESTMENTS - continued

The Company continued to hold 100 £1 Ordinary shares in Lea Hospitality Ltd. This wholly owned subsidiary is dormant.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 97
Other debtors 16,561 27,539
16,561 27,636

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 66,802 115,949
Finance leases 16,851 14,829
Trade creditors 49,504 42,015
Taxation and social security 49,912 36,907
Other creditors 58,952 50,225
242,021 259,925

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 70,023 45,000
Finance leases 34,352 51,203
104,375 96,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,625 -

10. SECURED DEBTS

The bank loans are secured on the leasehold residential properties.

Maison Bleue Limited (Registered number: 03500779)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RESERVES
Fair
value
reserve
(non
dist)
£   
At 1 March 2023 281,022
Transfer from Profit & Loss
reserve 19,500

At 29 February 2024 300,522

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs K Canevet and P Canevet
Balance outstanding at start of year (9,593 ) (120 )
Amounts advanced 12,185 -
Amounts repaid - (9,473 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,592 (9,593 )

Loans to Directors are interest free and repayable on demand