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REGISTERED NUMBER: 10597771 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Maximise Property Investments Limited

Maximise Property Investments Limited (Registered number: 10597771)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Maximise Property Investments Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: M Roe





REGISTERED OFFICE: 1 St. Michaels Avenue
Hemel Hempstead
Hertfordshire
HP3 8HF





REGISTERED NUMBER: 10597771 (England and Wales)





ACCOUNTANTS: CDA Accountancy
Unit 11/12 Hall Farm
Sywell Aerodrome
Sywell
Northamptonshire
NN6 0BN

Maximise Property Investments Limited (Registered number: 10597771)

Abridged Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investment property 6 700,000 675,000
700,000 675,000

CURRENT ASSETS
Debtors 57,332 27,831
Cash at bank 14,511 126,262
71,843 154,093
CREDITORS
Amounts falling due within one year 61,570 103,563
NET CURRENT ASSETS 10,273 50,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,273

725,530

CREDITORS
Amounts falling due after more than
one year

7

(550,800

)

(550,800

)

PROVISIONS FOR LIABILITIES (34,522 ) (29,772 )
NET ASSETS 124,951 144,958

Maximise Property Investments Limited (Registered number: 10597771)

Abridged Balance Sheet - continued
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 147,172 126,922
Retained earnings (22,222 ) 18,035
SHAREHOLDERS' FUNDS 124,951 144,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





M Roe - Director


Maximise Property Investments Limited (Registered number: 10597771)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Maximise Property Investments 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.

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.

Capitalised finance costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Maximise Property Investments Limited (Registered number: 10597771)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 28 February 2024 4,068
AMORTISATION
At 1 March 2023
and 28 February 2024 4,068
NET BOOK VALUE

At 28 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 28 February 2024 6,308
DEPRECIATION
At 1 March 2023
and 28 February 2024 6,308
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

Maximise Property Investments Limited (Registered number: 10597771)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 675,000
Revaluations 25,000
At 28 February 2024 700,000
NET BOOK VALUE
At 28 February 2024 700,000
At 28 February 2023 675,000

Fair value at 28 February 2024 is represented by:
£   
Valuation in 2018 525,198
Valuation in 2019 2,780
Valuation in 2021 5,596
Valuation in 2022 36,426
Valuation in 2023 105,000
Valuation in 2024 25,000
700,000

If investment property had not been revalued it would have been included at the following historical cost:

28.2.24 28.2.23
£    £   
Cost 525,198 525,198
Aggregate depreciation (73,528 ) (63,024 )

Investment property was valued on an open market basis on 28 February 2024 by the director .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
28.2.24 28.2.23
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 550,800 550,800

Maximise Property Investments Limited (Registered number: 10597771)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
100 Ordinary 1p 1 1

9. RESERVES
Revaluatio
reserve
£   
At 1 March 2023 126,922
Move from retained earnings 20,250

At 28 February 2024 147,172