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REGISTERED NUMBER: 13147538 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MAA Property Limited

MAA Property Limited (Registered number: 13147538)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAA Property Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Dr M Akbari





REGISTERED OFFICE: 197 Manor Grove
Richmond
Surrey
TW9 4QJ





REGISTERED NUMBER: 13147538 (England and Wales)






MAA Property Limited (Registered number: 13147538)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 331 664
Investment property 5 750,000 800,000
750,331 800,664

CURRENT ASSETS
Debtors 6 - 533
Cash at bank 3,682 82,436
3,682 82,969
CREDITORS
Amounts falling due within one year 7 68,184 66,833
NET CURRENT (LIABILITIES)/ASSETS (64,502 ) 16,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,829

816,800

CREDITORS
Amounts falling due after more than one
year

8

(711,329

)

(795,036

)

PROVISIONS FOR LIABILITIES (63 ) (4,224 )
NET (LIABILITIES)/ASSETS (25,563 ) 17,540

CAPITAL AND RESERVES
Called up share capital 11 1 1
Undistributable Reserve 12 (28,433 ) 17,469
Retained earnings 12 2,869 70
SHAREHOLDERS' FUNDS (25,563 ) 17,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:




Dr M Akbari - Director


MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

MAA Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 1,330
DEPRECIATION
At 1 July 2023 666
Charge for year 333
At 30 June 2024 999
NET BOOK VALUE
At 30 June 2024 331
At 30 June 2023 664

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 800,000
Revaluations (50,000 )
At 30 June 2024 750,000
NET BOOK VALUE
At 30 June 2024 750,000
At 30 June 2023 800,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 9,067
Valuation in 2024 12,500
Valuation in 2025 (50,000 )
Cost 778,433
750,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 778,433 778,433

The investment property was valued on an informal basis on 24 February 2025 by Hamptons .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 533

MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 720 -
Other creditors 67,464 66,833
68,184 66,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 262,329 349,036
Other creditors 449,000 446,000
711,329 795,036

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 262,329 349,036

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 449,000 446,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 262,329 349,036

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 262,329 349,036

The mortgage is secured on the investment property and is an interest only mortgage over a period of 28 years.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

MAA Property Limited (Registered number: 13147538)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RESERVES
Retained Undistributable
earnings Reserve Totals
£    £    £   

At 1 July 2023 70 17,469 17,539
Deficit for the year (43,103 ) (43,103 )
Profit & Loss Account Transfer
to Undistributable Reserve 45,902 (45,902 ) -
At 30 June 2024 2,869 (28,433 ) (25,564 )

The Undistributable Reserve is stated after deducting provision for deferred tax.

13. RELATED PARTY DISCLOSURES

Included in long term creditors is a loan of £449,000 (2023 - £446,000,000) made by MAA Medic Limited, in which Dr M Akbari is the sole director and shareholder. The loan has no fixed date of repayment and is interest free.