Maudlins Lane ( 1-6) Ltd 06993376 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of a property management company for the mutiual benefit of the property owners Digita Accounts Production Advanced 6.30.9574.0 true true 06993376 2023-09-01 2024-08-31 06993376 2024-08-31 06993376 bus:Director2 1 2024-08-31 06993376 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06993376 bus:SmallEntities 2023-09-01 2024-08-31 06993376 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06993376 bus:FullAccounts 2023-09-01 2024-08-31 06993376 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06993376 bus:RegisteredOffice 2023-09-01 2024-08-31 06993376 bus:Director1 2023-09-01 2024-08-31 06993376 bus:Director2 2023-09-01 2024-08-31 06993376 bus:Director2 1 2023-09-01 2024-08-31 06993376 bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 06993376 countries:EnglandWales 2023-09-01 2024-08-31 06993376 bus:Director2 1 2023-08-31 06993376 2022-09-01 2023-08-31 06993376 2023-08-31 06993376 bus:Director2 1 2023-08-31 06993376 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06993376 bus:Director2 1 2022-09-01 2023-08-31 06993376 bus:Director2 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 06993376

Maudlins Lane ( 1-6) Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Maudlins Lane ( 1-6) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Maudlins Lane ( 1-6) Ltd

Company Information

Directors

Miss Jessica Anne Corcoran

Mr Andrew Ernest Jones

Registered office

Great Widefield Farmhouse
North Lew Road
Inwardleigh
Okehampton
Devon
EX20 3DA

Accountants

Neil Wilson & Co Chartered Accountants
Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

Maudlins Lane ( 1-6) Ltd

(Registration number: 06993376)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

1,517

1,567

Creditors: Amounts falling due within one year

4

(3,254)

(3,423)

Net liabilities

 

(1,737)

(1,856)

Reserves

 

Retained earnings

(1,737)

(1,856)

Deficit

 

(1,737)

(1,856)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
Mr Andrew Ernest Jones
Director

 

Maudlins Lane ( 1-6) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Great Widefield Farmhouse
North Lew Road
Inwardleigh
Okehampton
Devon
EX20 3DA
England

These financial statements were authorised for issue by the Board on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Maudlins Lane ( 1-6) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

225

345

Other creditors

3,029

3,078

3,254

3,423

5

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Repayments by director
£

At 31 August 2024
£

Mr Andrew Ernest Jones

Loan from director

(1,577)

(1,452)

(3,029)

       
     

 

2023

At 1 September 2022
£

Advances to director
£

At 31 August 2023
£

Mr Andrew Ernest Jones

Loan from director

(1,603)

26

(1,577)