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REGISTERED NUMBER: 08353981 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAYPOOL ESTATES LIMITED

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAYPOOL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs H Scoot
Mr M A Scoot





REGISTERED OFFICE: Maypool House
Maypool
Brixham
Devon
TQ5 0ET





REGISTERED NUMBER: 08353981 (England and Wales)





ACCOUNTANTS: Accurate Business Consulting Limited
International House
36-38 Cornhill
London
EC3V 3NG

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,090 2,345
Investments 5 19 -
2,109 2,345

CURRENT ASSETS
Stocks 96,511 99,161
Debtors 6 17,000 18,027
Cash at bank 3,555 33,425
117,066 150,613
CREDITORS
Amounts falling due within one year 7 161,307 172,314
NET CURRENT LIABILITIES (44,241 ) (21,701 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,132

)

(19,356

)

CREDITORS
Amounts falling due after more than one
year

8

32,525

38,254
NET LIABILITIES (74,657 ) (57,610 )

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 3,420 3,420
Retained earnings (78,477 ) (61,430 )
SHAREHOLDERS' FUNDS (74,657 ) (57,610 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 31 October 2024 and were signed on its behalf by:



Mr M A Scoot - Director


MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Maypool Estates 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% Straight line basis

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The accounts have been prepared on a going concern basis as it is the intention of the directors to continue to support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 9,759
Additions 1,585
At 31 March 2024 11,344
DEPRECIATION
At 1 April 2023 7,414
Charge for year 1,840
At 31 March 2024 9,254
NET BOOK VALUE
At 31 March 2024 2,090
At 31 March 2023 2,345

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 19
At 31 March 2024 19
NET BOOK VALUE
At 31 March 2024 19

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,500 16,500
Prepayments and accrued income 500 1,527
17,000 18,027

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,728 5,645
Trade creditors 46 24,041
Social security and other taxes 185 174
VAT 4,878 14,043
Other creditors 25,000 33,150
Directors' current accounts 112,138 85,023
Accruals and deferred income 13,332 10,238
161,307 172,314

MAYPOOL ESTATES LIMITED (REGISTERED NUMBER: 08353981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,871 5,728
Bank loans - 2-5 years 18,519 18,062
Bank loans more 5 yr by instal 8,135 14,464
32,525 38,254

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,135 14,464