Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11422688 2023-04-01 2024-03-31 11422688 2022-04-01 2023-03-31 11422688 2024-03-31 11422688 2023-03-31 11422688 c:Director1 2023-04-01 2024-03-31 11422688 d:FreeholdInvestmentProperty 2024-03-31 11422688 d:FreeholdInvestmentProperty 2023-03-31 11422688 d:CurrentFinancialInstruments 2024-03-31 11422688 d:CurrentFinancialInstruments 2023-03-31 11422688 d:Non-currentFinancialInstruments 2024-03-31 11422688 d:Non-currentFinancialInstruments 2023-03-31 11422688 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11422688 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11422688 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11422688 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11422688 d:ShareCapital 2024-03-31 11422688 d:ShareCapital 2023-03-31 11422688 d:RetainedEarningsAccumulatedLosses 2024-03-31 11422688 d:RetainedEarningsAccumulatedLosses 2023-03-31 11422688 c:FRS102 2023-04-01 2024-03-31 11422688 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11422688 c:FullAccounts 2023-04-01 2024-03-31 11422688 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11422688 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11422688









MAYAJAI PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MAYAJAI PROPERTIES LIMITED
REGISTERED NUMBER: 11422688

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
582,468
582,468

  
582,468
582,468

Current assets
  

Debtors: amounts falling due within one year
 5 
58,327
-

Cash at bank and in hand
 6 
1,838
3,118

  
60,165
3,118

Creditors: amounts falling due within one year
 7 
(158,469)
(213,212)

Net current liabilities
  
 
 
(98,304)
 
 
(210,094)

Total assets less current liabilities
  
484,164
372,374

Creditors: amounts falling due after more than one year
 8 
(461,829)
(337,733)

Provisions for liabilities
  

Deferred tax
  
(583)
(583)

  
 
 
(583)
 
 
(583)

Net assets
  
21,752
34,058


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
21,750
34,056

  
21,752
34,058


Page 1

 
MAYAJAI PROPERTIES LIMITED
REGISTERED NUMBER: 11422688
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 income and retained earnings 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: 




................................................
A Sehgal
Director

Date: 24 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MAYAJAI PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Mayajai Properties Limited is a private company limited by shares, incorporated in England and Wales and its registered office is Sunco House C/O Keystone Law, 1st Floor Sunco House, Carliol Square, Newcastle Upon Tyne, NE1 6UF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MAYAJAI PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
MAYAJAI PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Creditors

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
582,468



At 31 March 2024
582,468

The 2024 valuations were made by the director, on an open market value for existing use basis.






Page 5

 
MAYAJAI PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
57,942
-

Prepayments and accrued income
385
-

58,327
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,838
3,118



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
2,479
35,172

Corporation tax
-
6,026

Other creditors
150,540
166,564

Accruals and deferred income
5,450
5,450

158,469
213,212



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,000
8,000

Other loans
455,829
329,733

461,829
337,733


 
Page 6