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REGISTERED NUMBER: 13739936 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Maxika Homes (Westward) Ltd

Maxika Homes (Westward) Ltd (Registered number: 13739936)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maxika Homes (Westward) Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P Smith
B Mordt





REGISTERED OFFICE: Oakfield House
Maindensgrove
Henley-on-Thames
RG9 6EX





REGISTERED NUMBER: 13739936 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Maxika Homes (Westward) Ltd (Registered number: 13739936)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,446,861 1,270,000

CURRENT ASSETS
Debtors 6 1,311 62,019
Prepayments and accrued income - 865
Cash at bank 322 3,474
1,633 66,358
CREDITORS
Amounts falling due within one year 7 851,697 1,502,991
NET CURRENT LIABILITIES (850,064 ) (1,436,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,797

(166,633

)

CREDITORS
Amounts falling due after more than one year 8 904,885 -
NET LIABILITIES (308,088 ) (166,633 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (308,188 ) (166,733 )
(308,088 ) (166,633 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Maxika Homes (Westward) Ltd (Registered number: 13739936)

Balance Sheet - continued
30 November 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





P Smith - Director


Maxika Homes (Westward) Ltd (Registered number: 13739936)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Maxika Homes (Westward) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the company's directors and shareholders. If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts and to reclassify fixed assets as current assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Maxika Homes (Westward) Ltd (Registered number: 13739936)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,270,000
Additions 141,000
Revaluations 35,861
At 30 November 2023 1,446,861
NET BOOK VALUE
At 30 November 2023 1,446,861
At 30 November 2022 1,270,000

Fair value at 30 November 2023 is represented by:
£   
Cost 1,446,861

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

30/11/23 30/11/22
£    £   
Cost 1,446,861 1,305,861

Investment property was valued on an open market basis on 30 November 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 1,311 62,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors - 91,866
Other creditors 851,697 1,411,125
851,697 1,502,991

Other creditors include £275,000 (2022: £945,694) of other, unsecured loans, which are repayable on demand.

Maxika Homes (Westward) Ltd (Registered number: 13739936)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 904,885 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 904,885 -

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £471,657 (2022: £422,497) to companies under common control.