IRIS Accounts Production v24.3.2.46 02367231 Board of Directors 30.4.23 29.4.24 29.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023672312023-04-29023672312024-04-29023672312023-04-302024-04-29023672312022-04-29023672312022-04-302023-04-29023672312023-04-2902367231ns15:EnglandWales2023-04-302024-04-2902367231ns14:PoundSterling2023-04-302024-04-2902367231ns10:Director12023-04-302024-04-2902367231ns10:PrivateLimitedCompanyLtd2023-04-302024-04-2902367231ns10:SmallEntities2023-04-302024-04-2902367231ns10:AuditExempt-NoAccountantsReport2023-04-302024-04-2902367231ns10:SmallCompaniesRegimeForDirectorsReport2023-04-302024-04-2902367231ns10:SmallCompaniesRegimeForAccounts2023-04-302024-04-2902367231ns10:FullAccounts2023-04-302024-04-2902367231ns10:Director22023-04-302024-04-2902367231ns10:Director32023-04-302024-04-2902367231ns10:CompanySecretary12023-04-302024-04-2902367231ns10:RegisteredOffice2023-04-302024-04-2902367231ns5:CurrentFinancialInstruments2024-04-2902367231ns5:CurrentFinancialInstruments2023-04-2902367231ns5:ShareCapital2024-04-2902367231ns5:ShareCapital2023-04-2902367231ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-2902367231ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-2902367231ns5:RetainedEarningsAccumulatedLosses2024-04-2902367231ns5:RetainedEarningsAccumulatedLosses2023-04-2902367231ns5:FurnitureFittings2023-04-302024-04-2902367231ns5:FurnitureFittings2023-04-2902367231ns5:FurnitureFittings2024-04-2902367231ns5:FurnitureFittings2023-04-2902367231ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-2902367231ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-2902367231ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-29
REGISTERED NUMBER: 02367231 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 29 April 2024

for

MAIDEN PROPERTIES LIMITED

MAIDEN PROPERTIES LIMITED (REGISTERED NUMBER: 02367231)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MAIDEN PROPERTIES LIMITED

Company Information
for the Year Ended 29 April 2024







DIRECTORS: A Pistolas
Mrs S Pistolas
Ms R Griffiths



SECRETARY: Mrs S Pistolas



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 02367231 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Barclays Bank PLC
49 Broad Street
Stamford
Lincolnshire
PE9 1PZ

MAIDEN PROPERTIES LIMITED (REGISTERED NUMBER: 02367231)

Statement of Financial Position
29 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,361 5,130
Investment property 5 6,832,646 6,711,892
6,837,007 6,717,022

CURRENT ASSETS
Debtors 6 135,360 81,248
Cash at bank and in hand 610,101 508,292
745,461 589,540
CREDITORS
Amounts falling due within one year 7 121,146 81,617
NET CURRENT ASSETS 624,315 507,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,461,322

7,224,945

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 1,478,079 1,478,079
Retained earnings 5,983,143 5,746,766
SHAREHOLDERS' FUNDS 7,461,322 7,224,945

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

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

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 5 September 2024 and were signed on its behalf by:



A Pistolas - Director


MAIDEN PROPERTIES LIMITED (REGISTERED NUMBER: 02367231)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

Maiden Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is the amount receivable from operating leases.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 30 April 2023
and 29 April 2024 67,283
DEPRECIATION
At 30 April 2023 62,153
Charge for year 769
At 29 April 2024 62,922
NET BOOK VALUE
At 29 April 2024 4,361
At 29 April 2023 5,130

MAIDEN PROPERTIES LIMITED (REGISTERED NUMBER: 02367231)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2023 6,712,608
Additions 120,038
At 29 April 2024 6,832,646
NET BOOK VALUE
At 29 April 2024 6,832,646
At 29 April 2023 6,712,608

Fair value at 29 April 2024 is represented by:
£   
Valuation in 2002 792,946
Valuation in 2003 38,639
Valuation in 2016 646,494
Cost 5,354,567
6,832,646

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,353,851 5,233,813

Investment property was valued on an open market basis on 1 May 2015 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 135,360 81,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 79,022 45,722
Other creditors 42,124 35,895
121,146 81,617

8. RESERVES
Fair
value
reserve
£   
At 30 April 2023
and 29 April 2024 1,478,079