Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13197169 Mrs Hannah Flynn Mr Simon Flynn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13197169 2023-02-28 13197169 2024-02-29 13197169 2023-03-01 2024-02-29 13197169 frs-core:CurrentFinancialInstruments 2024-02-29 13197169 frs-core:Non-currentFinancialInstruments 2024-02-29 13197169 frs-core:ComputerEquipment 2024-02-29 13197169 frs-core:ComputerEquipment 2023-03-01 2024-02-29 13197169 frs-core:ComputerEquipment 2023-02-28 13197169 frs-core:FurnitureFittings 2024-02-29 13197169 frs-core:FurnitureFittings 2023-03-01 2024-02-29 13197169 frs-core:FurnitureFittings 2023-02-28 13197169 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 13197169 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-29 13197169 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 13197169 frs-core:ShareCapital 2024-02-29 13197169 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13197169 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13197169 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13197169 frs-bus:SmallEntities 2023-03-01 2024-02-29 13197169 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13197169 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13197169 frs-bus:Director1 2023-03-01 2024-02-29 13197169 frs-bus:Director2 2023-03-01 2024-02-29 13197169 frs-countries:EnglandWales 2023-03-01 2024-02-29 13197169 2022-02-28 13197169 2023-02-28 13197169 2022-03-01 2023-02-28 13197169 frs-core:CurrentFinancialInstruments 2023-02-28 13197169 frs-core:Non-currentFinancialInstruments 2023-02-28 13197169 frs-core:ShareCapital 2023-02-28 13197169 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13197169
Maison Mae Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13197169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 605,958 475,201
605,958 475,201
CURRENT ASSETS
Debtors 5 1,649 1,302
Cash at bank and in hand 2,881 22,110
4,530 23,412
Creditors: Amounts Falling Due Within One Year 6 (180,472 ) (153,901 )
NET CURRENT ASSETS (LIABILITIES) (175,942 ) (130,489 )
TOTAL ASSETS LESS CURRENT LIABILITIES 430,016 344,712
Creditors: Amounts Falling Due After More Than One Year 7 (458,582 ) (338,095 )
NET (LIABILITIES)/ASSETS (28,566 ) 6,617
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (28,568 ) 6,615
SHAREHOLDERS' FUNDS (28,566) 6,617
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Flynn
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maison Mae Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13197169 . The registered office is 3 Valley Lane, Long Bennington, NG23 5FR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation has been provided for.
Changes in fair value are recognised in the profit and loss account.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 March 2023 474,000 319 1,389 475,708
Additions 170,902 2,912 - 173,814
Disposals (7,653 ) - - (7,653 )
Revaluation (34,249 ) - - (34,249 )
As at 29 February 2024 603,000 3,231 1,389 607,620
Depreciation
As at 1 March 2023 - 160 347 507
Provided during the period - 808 347 1,155
As at 29 February 2024 - 968 694 1,662
Net Book Value
As at 29 February 2024 603,000 2,263 695 605,958
As at 1 March 2023 474,000 159 1,042 475,201
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,649 1,302
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 21,792 1,015
Directors' loan accounts 158,680 152,886
180,472 153,901
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 458,582 338,095
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are on an interest only basis over a term of 25 years.
2024 2023
£ £
Bank loans and overdrafts 458,582 338,095
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5