Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe principal activity of the company continued to be that of a property holding company.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05095789 2023-04-01 2024-03-31 05095789 2022-04-01 2023-03-31 05095789 2024-03-31 05095789 2023-03-31 05095789 c:Director1 2023-04-01 2024-03-31 05095789 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 05095789 d:Buildings d:LongLeaseholdAssets 2024-03-31 05095789 d:Buildings d:LongLeaseholdAssets 2023-03-31 05095789 d:FurnitureFittings 2023-04-01 2024-03-31 05095789 d:FurnitureFittings 2024-03-31 05095789 d:FurnitureFittings 2023-03-31 05095789 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05095789 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05095789 d:CurrentFinancialInstruments 2024-03-31 05095789 d:CurrentFinancialInstruments 2023-03-31 05095789 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05095789 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05095789 d:ShareCapital 2024-03-31 05095789 d:ShareCapital 2023-03-31 05095789 d:RetainedEarningsAccumulatedLosses 2024-03-31 05095789 d:RetainedEarningsAccumulatedLosses 2023-03-31 05095789 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05095789 c:OrdinaryShareClass1 2024-03-31 05095789 c:OrdinaryShareClass1 2023-03-31 05095789 c:FRS102 2023-04-01 2024-03-31 05095789 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05095789 c:FullAccounts 2023-04-01 2024-03-31 05095789 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05095789 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05095789 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05095789 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 05095789 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 05095789 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05095789












MAYBUILD PROPERTIES LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MAYBUILD PROPERTIES LIMITED
REGISTERED NUMBER:05095789

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
157,658
176,620

  
157,658
176,620

Current assets
  

Debtors: amounts falling due within one year
 5 
14,415
98

Cash at bank
 6 
3,034
4,346

  
17,449
4,444

Creditors: amounts falling due within one year
 7 
(113,780)
(125,039)

Net current liabilities
  
 
 
(96,331)
 
 
(120,595)

Total assets less current liabilities
  
61,327
56,025

Provisions for liabilities
  

Deferred tax
 8 
-
(15,661)

  
 
 
-
 
 
(15,661)

Net assets
  
61,327
40,364


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
61,227
40,264

  
61,327
40,364

Page 1

 
MAYBUILD PROPERTIES LIMITED
REGISTERED NUMBER:05095789
    
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 profit and loss account 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: 




M H Tillman
Director

Date: 28 February 2025

Page 2

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

1.


General information

Maybuild Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05095789. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
The principal activity of the company continued to be that of a property holding company.

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 Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the property holding is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

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.

 
2.5

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.

Page 3

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

2.Accounting policies (continued)

 
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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
50 years
Fixtures and fittings
-
20% to 25% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
MAYBUILD 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 are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

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


4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost 


At 1 April 2023
174,960
107,733
282,693


Additions
-
5,715
5,715



At 31 March 2024

174,960
113,448
288,408



Depreciation


At 1 April 2023
29,742
76,331
106,073


Charge for the year
3,500
21,177
24,677



At 31 March 2024

33,242
97,508
130,750



Net book value



At 31 March 2024
141,718
15,940
157,658



At 31 March 2023
145,218
31,402
176,620

Page 5

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

5.


Debtors

2024
2023
£
£


Amounts owed by connected entity
14,317
-

Called up share capital not paid
98
98

14,415
98



6.


Cash

2024
2023
£
£

Cash at bank
3,034
4,346



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
8,855
11,116

Amounts owed to connected entities
89,054
84,180

Other taxation and social security
10,095
-

Other creditors
-
26,993

Accruals
5,776
2,750

113,780
125,039


Page 6

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

8.


Deferred taxation




2024


£






At beginning of year
15,661


Charged to profit or loss
(15,661)



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed assets timing differences
(884)
15,661

Losses and other deductions
(14,777)
-

(15,661)
15,661


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2

Allotted, called up and unpaid



98 (2023 - 98) Ordinary shares of £1.00 each
98
98


10.


Commitments under operating leases

At 31 March 2024, the company had future minimum lease payments under non-cancellable operating leases of £581,810 (2023 - £658,810).
 

11.


Controlling party

The company is under the control of M H Tilman, a director and a majority shareholder of the company.
 
Page 7