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Maidsfield Group Limited

Financial Statements for the Year Ended 31 May 2024






Maidsfield Group Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C Beames



REGISTERED OFFICE: Berry Smith LLP
Haywood House
Dumfries Place
Cardiff
CF10 3GA



REGISTERED NUMBER: 01360665 (England and Wales)



ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



BANKERS: HSBC
56 Queen Street
Cardiff
CF10 2PX



SOLICITORS: Berry Smith LLP
Haywood House
Dumfries Place
Cardiff
CF10 3GA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Maidsfield Group Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maidsfield Group Limited for the year ended 31 May 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Maidsfield Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maidsfield Group Limited and state those matters that we have agreed to state to the director of Maidsfield Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maidsfield Group Limited and its director for our work or for this report.

It is your duty to ensure that Maidsfield Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maidsfield Group Limited. You consider that Maidsfield Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maidsfield Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Maidsfield Group Limited



24 February 2025

Maidsfield Group Limited (Registered number: 01360665)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 3 23,282 23,282

CURRENT ASSETS
Debtors 4 1,875,000 1,873,562
Cash at bank 4,703 6,141
1,879,703 1,879,703
CREDITORS
Amounts falling due within one
year

5

100

100
NET CURRENT ASSETS 1,879,603 1,879,603
TOTAL ASSETS LESS
CURRENT LIABILITIES

1,902,885

1,902,885

CAPITAL AND RESERVES
Called up share capital 864 864
Retained earnings 1,902,021 1,902,021
SHAREHOLDERS' FUNDS 1,902,885 1,902,885

Maidsfield Group Limited (Registered number: 01360665)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





C Beames - Director


Maidsfield Group Limited (Registered number: 01360665)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 June 2023
and 31 May 2024 23,282
NET BOOK VALUE
At 31 May 2024 23,282
At 31 May 2023 23,282

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£ £
Amounts owed by group undertakings 1,875,000 1,873,562

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£ £
Amounts owed to group undertakings 100 100