Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3132523423252342truetruefalse2023-04-0122The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11370536 2023-04-01 2024-03-31 11370536 2022-04-01 2023-03-31 11370536 2024-03-31 11370536 2023-03-31 11370536 c:Director1 2023-04-01 2024-03-31 11370536 d:FreeholdInvestmentProperty 2024-03-31 11370536 d:FreeholdInvestmentProperty 2023-03-31 11370536 d:LeaseholdInvestmentProperty 2024-03-31 11370536 d:LeaseholdInvestmentProperty 2023-03-31 11370536 d:CurrentFinancialInstruments 2024-03-31 11370536 d:CurrentFinancialInstruments 2023-03-31 11370536 d:Non-currentFinancialInstruments 2024-03-31 11370536 d:Non-currentFinancialInstruments 2023-03-31 11370536 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11370536 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11370536 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11370536 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11370536 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 11370536 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11370536 d:ShareCapital 2024-03-31 11370536 d:ShareCapital 2023-03-31 11370536 d:RetainedEarningsAccumulatedLosses 2024-03-31 11370536 d:RetainedEarningsAccumulatedLosses 2023-03-31 11370536 c:FRS102 2023-04-01 2024-03-31 11370536 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11370536 c:FullAccounts 2023-04-01 2024-03-31 11370536 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11370536 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11370536










MAPLE LEAF (INVESTMENTS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MAPLE LEAF (INVESTMENTS) LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 6

 
MAPLE LEAF (INVESTMENTS) LIMITED
REGISTERED NUMBER: 11370536

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,626,171
1,626,171

  
1,626,171
1,626,171

Current assets
  

Debtors: amounts falling due within one year
 5 
2,625
3,267

Cash at bank and in hand
  
27,794
10,405

  
30,419
13,672

Creditors: amounts falling due within one year
 6 
(1,259,489)
(1,259,989)

Net current liabilities
  
 
 
(1,229,070)
 
 
(1,246,317)

Total assets less current liabilities
  
397,101
379,854

Creditors: amounts falling due after more than one year
 7 
(336,605)
(337,747)

  

Net assets
  
60,496
42,107


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
60,396
42,007

  
60,496
42,107

Page 1

 
MAPLE LEAF (INVESTMENTS) LIMITED
REGISTERED NUMBER: 11370536
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 statement of comprehensive income 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 N Walford
Director

Date: 28 November 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

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

1.


General information

Maple Leaf (Investments) Limited (11370536) is a private company limited by shares and registered in England and Wales. The registered address is Maple Leaf Cottage, The Barton, Stanton Drew, Bristol, BS39 4DY.

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

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

Turnover

Turnover comprises rent receivable by the company and is recognised when it falls due.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

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

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

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.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 4

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

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2023
217,468
1,408,703
1,626,171



At 31 March 2024
217,468
1,408,703
1,626,171

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 5

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

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
2,625
3,267



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
3,267

Amounts owed to related companies
1,250,000
1,250,000

Corporation tax
6,078
3,311

Other creditors
1,100
1,100

Accruals and deferred income
2,311
2,311

1,259,489
1,259,989



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
336,605
337,747



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
336,605
337,747



9.


Related party transactions

Included within other creditors at the year end is £1,250,000 (2023 - £1,250,000) owed to a company which the directors have joint control of.

 
Page 6