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Company Registration No. SC625304 (Scotland)
Maki Property Ltd Unaudited accounts for the year ended 30 June 2024
Maki Property Ltd Unaudited accounts Contents
Page
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Maki Property Ltd Company Information for the year ended 30 June 2024
Director
Tin Hoi Lee
Company Number
SC625304 (Scotland)
Registered Office
36/8 Grindlay Street Edinburgh Scotland EH3 9AP
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Maki Property Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
32,356 
48,533 
Tangible assets
122,234 
142,460 
Investment property
290,678 
290,678 
445,268 
481,671 
Current assets
Inventories
5,000 
- 
Debtors
533,204 
137,717 
Cash at bank and in hand
47,002 
26,435 
585,206 
164,152 
Creditors: amounts falling due within one year
(216,395)
(44,318)
Net current assets
368,811 
119,834 
Total assets less current liabilities
814,079 
601,505 
Creditors: amounts falling due after more than one year
(439,791)
(489,957)
Net assets
374,288 
111,548 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
374,287 
111,547 
Shareholders' funds
374,288 
111,548 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Tin Hoi Lee Director Company Registration No. SC625304
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Maki Property Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Maki Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC625304. The registered office is 36/8 Grindlay Street, Edinburgh, Scotland, EH3 9AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line 7 years and 15 years
Motor vehicles
Reduced Balance 25%
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
80,887 
At 30 June 2024
80,887 
Amortisation
At 1 July 2023
32,354 
Charge for the year
16,177 
At 30 June 2024
48,531 
Net book value
At 30 June 2024
32,356 
At 30 June 2023
48,533 
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Maki Property Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
119,836 
54,957 
174,793 
At 30 June 2024
119,836 
54,957 
174,793 
Depreciation
At 1 July 2023
24,391 
7,942 
32,333 
Charge for the year
8,472 
11,754 
20,226 
At 30 June 2024
32,863 
19,696 
52,559 
Net book value
At 30 June 2024
86,973 
35,261 
122,234 
At 30 June 2023
95,445 
47,015 
142,460 
6
Investment property
2024 
£ 
Fair value at 1 July 2023
290,678 
At 30 June 2024
290,678 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
348,087 
- 
Amounts falling due after more than one year
Other debtors
185,117 
137,717 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
80,683 
31,878 
Other creditors
- 
12,440 
Accruals
135,712 
- 
216,395 
44,318 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
439,791 
489,957 
Bounced Back Loan
10
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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