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Registered number: 11905897









MAYA CAPITAL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MAYA CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 11905897

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
9,212
14,153

Investment property
 5 
2,000,000
2,000,000

  
2,009,212
2,014,153

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
36,464
34,365

Cash at bank and in hand
  
26,147
43,111

  
62,611
77,476

Creditors: amounts falling due within one year
 7 
(695,397)
(722,681)

NET CURRENT LIABILITIES
  
 
 
(632,786)
 
 
(645,205)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,376,426
1,368,948

Creditors: amounts falling due after more than one year
 8 
(1,463,430)
(1,463,430)

  

NET LIABILITIES
  
(87,004)
(94,482)


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Investment property reserve
  
(85,873)
(85,873)

Profit and loss account
  
(1,231)
(8,709)

  
(87,004)
(94,482)


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
Page 1

 
MAYA CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 11905897
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


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: 






G M Gimenez
Director

Date: 28 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Maya Capital Investments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge CB1 2LA.
The Company's functional and presentational currency is GBP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £87,004 (2023 - £94,482) as at 31 March 2024. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due. 

 
2.3

TURNOVER

Turnover comprises rental revenue recognised by the Company exclusive of Value Added Tax.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

BORROWING COSTS

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

Page 3

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors based on professional advice received 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.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

 
2.13

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).




Page 5

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Fixtures and fittings

£



COST OR VALUATION


At 1 April 2023
18,336


Additions
1,329



At 31 March 2024

19,665



DEPRECIATION


At 1 April 2023
4,183


Charge for the year on owned assets
6,270



At 31 March 2024

10,453



NET BOOK VALUE



At 31 March 2024
9,212



At 31 March 2023
14,153

Page 6

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 April 2023
2,000,000



AT 31 MARCH 2024
2,000,000

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

2024
2023
£
£

REVALUATION RESERVES


At 1 April 2023
(85,873)
-

Revaluation of investment properties
-
(85,873)

AT 31 MARCH 2024
(85,873)
(85,873)




6.


DEBTORS

2024
2023
£
£


Other debtors
909
1,093

Prepayments and accrued income
12,862
4,514

Deferred taxation
22,693
28,758

36,464
34,365


Page 7

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
4,210
-

Other creditors
628,277
662,965

Accruals and deferred income
62,910
59,716

695,397
722,681



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
1,463,430
1,463,430


The bank loan is secured by a fixed charge over the Company's freehold investment property. The total loan facility that has been drawn is £1,463,430. The loan facility is provided on an interest only basis and is to be repaid in full on 2 August 2032 unless renegotiated.


9.


DEFERRED TAXATION




2024


£






At beginning of year
28,758


Charged to profit or loss
(6,065)



AT END OF YEAR
22,693

The deferred tax asset is made up as follows:

2024
2023
£
£


Capital gains and losses
21,754
28,624

Fixed asset timing differences
939
134

22,693
28,758

Page 8

 
MAYA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



752 (2023 - 752) Ordinary shares of £0.10 each
75.20
75.20
24 (2023 - 24) Ordinary A shares of £0.10 each
2.40
2.40
24 (2023 - 24) Ordinary B shares of £0.10 each
2.40
2.40
200 (2023 - 200) Ordinary C shares of £0.10 each
20.00
20.00

100.00

100.00


 
Page 9