Registered number: 07060555
Maximaliste Limited
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2023
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Maximaliste Limited
Registered number: 07060555
Statement of Financial Position
As at 31 December 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Page 1
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Maximaliste Limited
Registered number: 07060555
Statement of Financial Position (continued)
As at 31 December 2023
The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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:
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Maximaliste Limited
Notes to the Financial Statements
For the Year Ended 31 December 2023
Maximaliste Limited is a private company, limited by shares, registered in England and Wales (registered number: 07060555). The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
2.Accounting policies
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Basis of preparation of financial statements
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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:
In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the directors consider it appropriate to prepare the financial statements on a going concern basis.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments in subsidiaries are measured at cost less accumulated impairment.
Page 3
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Maximaliste Limited
Notes to the Financial Statements
For the Year Ended 31 December 2023
2.Accounting policies (continued)
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.
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.
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The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
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Investments in subsidiary companies
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Page 4
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Maximaliste Limited
Notes to the Financial Statements
For the Year Ended 31 December 2023
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The following were subsidiary undertakings of the Company:
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Via Umberto I, 70/C Sardinia
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Jewellery, accessories & skin care product sales.
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13 Rue Du General Leclerc, 20137, Porto-Vecchio, Corsica
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The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings was as follows:
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Page 5
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Maximaliste Limited
Notes to the Financial Statements
For the Year Ended 31 December 2023
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Amounts owed to group undertakings
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Allotted, called up and fully paid
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200,000 (2022 - 200,000) Ordinary shares of £1.00 each
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Page 6
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Maximaliste Limited
Notes to the Financial Statements
For the Year Ended 31 December 2023
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Related party transactions
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Soha Sardinia SRL (Soha) is a subsidiary of the company. During the year the company earned commissions from Soha amounting to £49,344 (2022 - £56,395), which amount is included within prepayments and accrued income. The total amount of accrued fees included in prepayments and accrued income are £649,605 (2022 - £607,141).
The net amount due to the company by Soha Sardinia SRL is £56,086 (2022 - £373,374) which is included in creditors.
The net amount due to the company to Soha Sardinia Iberia S.L. is £34,816 (2022 - £26,087) which is included in debtors.
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Page 7
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