0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 894,234 164,346 164,346 729,888 894,234 xbrli:pure xbrli:shares iso4217:GBP 06637045 2023-07-01 2024-06-30 06637045 2024-06-30 06637045 2023-06-30 06637045 2022-07-01 2023-06-30 06637045 2023-06-30 06637045 2022-06-30 06637045 bus:Director1 2023-07-01 2024-06-30 06637045 core:WithinOneYear 2024-06-30 06637045 core:WithinOneYear 2023-06-30 06637045 core:ShareCapital 2024-06-30 06637045 core:ShareCapital 2023-06-30 06637045 core:SharePremium 2024-06-30 06637045 core:SharePremium 2023-06-30 06637045 core:RetainedEarningsAccumulatedLosses 2024-06-30 06637045 core:RetainedEarningsAccumulatedLosses 2023-06-30 06637045 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 06637045 core:FurtherSpecificIncreaseDecreaseInProvisionsForImpairmentInvestments1ComponentCorrespondingTotal core:Non-currentFinancialInstruments 2024-06-30 06637045 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-06-30 06637045 core:Non-currentFinancialInstruments 2024-06-30 06637045 core:Non-currentFinancialInstruments 2023-06-30 06637045 bus:SmallEntities 2023-07-01 2024-06-30 06637045 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06637045 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06637045 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06637045 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06637045
Maidwell Investments Limited
Filleted Unaudited Financial Statements
30 June 2024
Maidwell Investments Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
729,888
894,234
Current assets
Cash at bank and in hand
163,351
163,862
Creditors: amounts falling due within one year
5
3,351
3,117
---------
---------
Net current assets
160,000
160,745
---------
------------
Total assets less current liabilities
889,888
1,054,979
---------
------------
Net assets
889,888
1,054,979
---------
------------
Capital and reserves
Called up share capital
100
100
Share premium account
894,134
894,134
Profit and loss account
( 4,346)
160,745
---------
------------
Shareholders funds
889,888
1,054,979
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Maidwell Investments Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 28 February 2025 , and are signed on behalf of the board by:
Mr C D Garner
Director
Company registration number: 06637045
Maidwell Investments Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rawdon House, Rawdon Terrace, Ashby de la Zouch, Leicester, LE65 2GN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023 and 30 June 2024
894,234
---------
Impairment
At 1 July 2023
Revaluations
164,346
---------
At 30 June 2024
164,346
---------
Carrying amount
At 30 June 2024
729,888
---------
At 30 June 2023
894,234
---------
The company owns 50% of the issued share capital of Britannia Land Limited, company number 01359986, a trading company registered in England and Wales.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
295
61
Other creditors
3,056
3,056
-------
-------
3,351
3,117
-------
-------