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REGISTERED NUMBER: 09474130 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Maytree Investment Properties Ltd

Maytree Investment Properties Ltd (Registered number: 09474130)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maytree Investment Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Daynes
R S Purdey





REGISTERED OFFICE: c/o Mill House Carpet & Flooring
The Workshop, Mill House
Liphook Road
Haslemere
Surrey
GU27 3QE





REGISTERED NUMBER: 09474130 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Maytree Investment Properties Ltd (Registered number: 09474130)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49 66

CURRENT ASSETS
Stocks 1,139,782 1,075,089
Debtors 5 1,197 374
Cash at bank 3,637 1,297
1,144,616 1,076,760
CREDITORS
Amounts falling due within one year 6 883 883
NET CURRENT ASSETS 1,143,733 1,075,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,782

1,075,943

CREDITORS
Amounts falling due after more than one year 7 1,072,475 990,706
NET ASSETS 71,307 85,237

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,207 85,137
SHAREHOLDERS' FUNDS 71,307 85,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Maytree Investment Properties Ltd (Registered number: 09474130)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:




R S Purdey - Director



R Daynes - Director


Maytree Investment Properties Ltd (Registered number: 09474130)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Maytree Investment 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.

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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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).

Maytree Investment Properties Ltd (Registered number: 09474130)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 500
DEPRECIATION
At 1 April 2023 434
Charge for year 17
At 31 March 2024 451
NET BOOK VALUE
At 31 March 2024 49
At 31 March 2023 66

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,197 374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 883 883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 340,073 338,928
Other creditors 732,402 651,778
1,072,475 990,706

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 340,073 338,928

The bank loans are secured by way of first legal mortgage on the property at 7 Merlin Road, Alton, Hampshire, GU34 5DEand the property at 20 Avenue Close, Liphook, Hampshire, GU30 7QE.

Maytree Investment Properties Ltd (Registered number: 09474130)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Included in creditors ar the balance sheet date is an amount of £586,154 (2023 - £514,654) due to R S Purdey Roofing Contractors (Haslemere) Limited, a company which is controlled by R S Purdey, a director of the company.

During the year R S Purdey Roofing Contractors (Haslemere) Limited provided property development services to the company amounting to £Nil (2023 - £44,154).

At the balance sheet date the company owed an amount of £133,874 (2023 - £129,812) to R S Purdey, a director of the company. No interest was paid on this balance during the year.

At the balance sheet date the company owed an amount of £12,374 (2023 - £7,312) to R Daynes, a director of the company. No interest was paid on this balance during the year.