MAVIX DEVELOPMENTS LTD

Company Registration Number:
12498925 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

MAVIX DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes

MAVIX DEVELOPMENTS LTD

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 276,325 276,325
Total fixed assets: 276,325 276,325
Current assets
Cash at bank and in hand: 18,927 9,067
Total current assets: 18,927 9,067
Creditors: amounts falling due within one year: 4 ( 1,940 ) ( 2,940 )
Net current assets (liabilities): 16,987 6,127
Total assets less current liabilities: 293,312 282,452
Creditors: amounts falling due after more than one year: 5 ( 288,621 ) ( 289,621 )
Total net assets (liabilities): 4,691 (7,169)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,591 (7,269 )
Total Shareholders' funds: 4,691 (7,169)

The notes form part of these financial statements

MAVIX DEVELOPMENTS LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 March 2025
and signed on behalf of the board by:

Name: M.J. Goodwin
Status: Director

The notes form part of these financial statements

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Investment properties - stated at fair value, Computer equipment - over 3 years, Motor vehicles - over 4 years.

    Other accounting policies

    Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 276,325 1,500 7,850 285,675
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 276,325 1,500 7,850 285,675
Depreciation
At 1 January 2024 1,500 7,850 9,350
Charge for year
On disposals
Other adjustments
At 31 December 2024 1,500 7,850 9,350
Net book value
At 31 December 2024 276,325 0 0 276,325
At 31 December 2023 276,325 0 0 276,325

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,940 2,940
Total 1,940 2,940

MAVIX DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 109,745 109,745
Other creditors 178,876 179,876
Total 288,621 289,621