Registered number: 08522943 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
VICTOR STEWART |
MAXIM RESIDENTIAL LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
ARUNDEL | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08522943 | ||||||||
ACCOUNTANTS | ||||||||
VICTOR STEWART |
MAXIM RESIDENTIAL LTD | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
MAXIM RESIDENTIAL LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
20,555 | 15,160 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (555,544) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | (3,029) | 34,113 | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
MAXIM RESIDENTIAL LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 20% | |||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | reducing balance 20% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
MAXIM RESIDENTIAL LTD | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Commercial | Fixtures | ||||||||
Buildings | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/04/2023 | 63,029 | 38,500 | - | 1,816 | 103,345 | |||||
Additions | - | 8,000 | 1,010 | 623 | 9,633 | |||||
Disposals | - | (13,500) | - | - | (13,500) | |||||
At 31/03/2024 | 63,029 | 33,000 | 1,010 | 2,439 | 99,478 | |||||
Depreciation | ||||||||||
At 01/04/2023 | - | 7,700 | - | 886 | 8,586 | |||||
Disposals | - | (4,860) | - | - | (4,860) | |||||
For the year | - | 6,160 | 202 | 186 | 6,548 | |||||
At 31/03/2024 | - | 9,000 | 202 | 1,072 | 10,274 | |||||
Net Book Amounts | ||||||||||
At 31/03/2024 | 89,204 | |||||||||
At 31/03/2023 | 94,759 | |||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/04/2023 | 495,000 | 495,000 | ||
At 31/03/2024 | 495,000 | 495,000 | ||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 641 | 234 | ||||||
UK corporation tax | - | 37 | ||||||
VAT | 951 | - | ||||||
Other debtors | - | 2,695 | ||||||
Prepayments | 288 | - | ||||||
Directors current account | - | 815 | ||||||
1,880 | 3,781 | |||||||
MAXIM RESIDENTIAL LTD | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | - | 1,272 | ||||||
Directors current account | 313,847 | 299,237 | ||||||
Directors current account | 269,509 | 258,844 | ||||||
Directors current account | 10,255 | - | ||||||
Payments received on account | 12,875 | 10,401 | ||||||
Accruals | 1,200 | 950 | ||||||
607,686 | 570,704 | |||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
98 | 98 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
102 | 102 | |||||||
New shares issued during period: | ||||||||
0 | 0 | 98 | ||||||
0 | 0 | 1 | ||||||
0 | 0 | 1 | ||||||
0 | 0 | 1 | ||||||
0 | 0 | 1 | ||||||