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REGISTERED NUMBER: 07949616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MAPLE LODGE PROPERTIES LTD

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAPLE LODGE PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: Mr N J Kleanthous





SECRETARY: Mr N J Kleanthous





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 07949616 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,100,000 1,200,000
2,100,000 1,200,000

CURRENT ASSETS
Debtors 6 21,071 21,071
Cash at bank - 44,180
21,071 65,251
CREDITORS
Amounts falling due within one year 7 947,578 758,428
NET CURRENT LIABILITIES (926,507 ) (693,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,493

506,823

CREDITORS
Amounts falling due after more than one
year

8

629,000

560,000
NET ASSETS/(LIABILITIES) 544,493 (53,177 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 544,492 (53,178 )
SHAREHOLDERS' FUNDS 544,493 (53,177 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

BALANCE SHEET - continued
29 February 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.

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





Mr N J Kleanthous - Director


MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Maple Lodge Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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.

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. 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.

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.

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 637
DEPRECIATION
At 1 March 2023
and 29 February 2024 637
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,200,000
Additions 153,786
Revaluations 746,214
At 29 February 2024 2,100,000
NET BOOK VALUE
At 29 February 2024 2,100,000
At 28 February 2023 1,200,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2016 15,000
Valuation in 2017 15,000
Valuation in 2018 10,000
Valuation in 2019 (4,639 )
Valuation in 2021 45,749
Valuation in 2024 746,214
Cost 1,272,676
2,100,000

Investment property was valued on an open market basis on 29 February 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 21,071 21,071

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 13,756 -
Other loans (see note 9) 280,000 123,000
Trade creditors 225 -
Other creditors 634,275 634,275
Directors' current accounts 17,359 90
Accruals 1,963 1,063
947,578 758,428

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 21,000 30,000
Other loans (see note 9) 608,000 530,000
629,000 560,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 21,000 30,000
Other loans more 5yrs instal 608,000 530,000
629,000 560,000

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 13,756 -
Other loans 280,000 123,000
293,756 123,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 21,000 30,000
Other loans more 5yrs instal 608,000 530,000
629,000 560,000

MAPLE LODGE PROPERTIES LTD (REGISTERED NUMBER: 07949616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 21,000 30,000

The bank loans are secured by way of a legal charge on the properties concerned.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

12. RESERVES
Retained
earnings
£   

At 1 March 2023 (53,178 )
Profit for the year 597,670
At 29 February 2024 544,492