Company registration number: 13557799
Unaudited financial statements
for the year ended 31 August 2024
for
Maher Holdings Ltd
Pages for filing with the Registrar
Maher Holdings Ltd
Chartered Accountants' Report to the Director for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maher Holdings Ltd for the year ended 31 August 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Director of Maher Holdings Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Maher Holdings Ltd and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maher Holdings Ltd and its Director for our work, or for this report.
It is your duty to ensure that Maher Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Maher Holdings Ltd. You consider that Maher Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Maher Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Cobble Accountants Limited
Commerce House
Carlton Boulevard
Lincoln
Lincolnshire
LN2 4WJ
United Kingdom
Date: 22 November 2024
1
Company registration number: 13557799
Maher Holdings Ltd
Balance sheet
as at 31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 184,059 213,675
Investments 5 100 100
184,159 213,775
Current assets
Debtors 141,428 66,428
Cash at bank and in hand 85,575 97
227,003 66,525
Creditors: amounts falling due within
one year
(181,232) (59,860)
Net current assets 45,771 6,665
Total assets less current liabilities 229,930 220,440
Provisions for liabilities (46,015) (40,598)
NET ASSETS 183,915 179,842
Capital and reserves
Called up share capital 100 100
Profit and loss account 183,815 179,742
TOTAL EQUITY 183,915 179,842
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 13557799
Maher Holdings Ltd
Balance sheet - continued
as at 31 August 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr C Maher, Director
22 November 2024
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Maher Holdings Ltd
Notes to the financial statements
for the year ended 31 August 2024
1 Company information
Maher Holdings Ltd is a private company registered in England and Wales. Its registered number is 13557799. The company is limited by shares. Its registered office is 5 Saint Germains Way, Scothern, Lincoln, Lincolnshire, LN2 2GG.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Maher Holdings Ltd
Notes to the financial statements - continued
for the year ended 31 August 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2023 290,258
Additions 16,399
At 31 August 2024 306,657
Depreciation
At 1 September 2023 76,583
Charge for year 46,015
At 31 August 2024 122,598
Net book value
At 31 August 2024 184,059
At 31 August 2023 213,675
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Maher Holdings Ltd
Notes to the financial statements - continued
for the year ended 31 August 2024
5 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 September 2023 100
At 31 August 2024 100
Net book value
At 31 August 2024 100
At 31 August 2023 100
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023.
2024 2023
£ £
Mr Christie Maher
Balance outstanding at start of year 46,178 -
Amounts advanced 147,262 114,178
Amounts repaid (103,614) (68,000)
Balance outstanding at end of year 89,826 46,178
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