Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false22024-01-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05567054 2024-01-01 2024-12-31 05567054 2023-01-01 2023-12-31 05567054 2024-12-31 05567054 2023-12-31 05567054 2023-01-01 05567054 c:Director1 2024-01-01 2024-12-31 05567054 d:MotorVehicles 2024-01-01 2024-12-31 05567054 d:MotorVehicles 2024-12-31 05567054 d:MotorVehicles 2023-12-31 05567054 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05567054 d:FurnitureFittings 2024-01-01 2024-12-31 05567054 d:ComputerEquipment 2024-01-01 2024-12-31 05567054 d:ComputerEquipment 2024-12-31 05567054 d:ComputerEquipment 2023-12-31 05567054 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05567054 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05567054 d:FreeholdInvestmentProperty 2024-12-31 05567054 d:FreeholdInvestmentProperty 2023-12-31 05567054 d:CurrentFinancialInstruments 2024-12-31 05567054 d:CurrentFinancialInstruments 2023-12-31 05567054 d:Non-currentFinancialInstruments 2024-12-31 05567054 d:Non-currentFinancialInstruments 2023-12-31 05567054 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05567054 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05567054 d:ShareCapital 2024-12-31 05567054 d:ShareCapital 2023-12-31 05567054 d:SharePremium 2024-12-31 05567054 d:SharePremium 2023-12-31 05567054 d:InvestmentPropertiesRevaluationReserve 2024-12-31 05567054 d:InvestmentPropertiesRevaluationReserve 2023-12-31 05567054 d:RetainedEarningsAccumulatedLosses 2024-12-31 05567054 d:RetainedEarningsAccumulatedLosses 2023-12-31 05567054 c:FRS102 2024-01-01 2024-12-31 05567054 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05567054 c:FullAccounts 2024-01-01 2024-12-31 05567054 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05567054 d:OtherDeferredTax 2024-12-31 05567054 d:OtherDeferredTax 2023-12-31 05567054 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05567054










MAPLE HOLLOW ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MAPLE HOLLOW ESTATES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
MAPLE HOLLOW ESTATES LIMITED
REGISTERED NUMBER: 05567054

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,527
37,834

Investment property
 5 
650,000
650,000

  
679,527
687,834

Current assets
  

Stocks
 6 
262,522
262,522

Debtors: amounts falling due after more than one year
 7 
2,686
-

Debtors: amounts falling due within one year
 7 
17,002
13,748

Cash at bank and in hand
  
110,404
194,048

  
392,614
470,318

Creditors: amounts falling due within one year
 8 
(75,921)
(82,953)

Net current assets
  
 
 
316,693
 
 
387,365

Total assets less current liabilities
  
996,220
1,075,199

Provisions for liabilities
  

Deferred tax
 9 
(91,597)
(91,597)

  
 
 
(91,597)
 
 
(91,597)

Net assets
  
904,623
983,602


Capital and reserves
  

Called up share capital 
  
3,018
3,018

Share premium account
  
520,402
520,402

Investment property reserve
  
333,244
333,244

Profit and loss account
  
47,959
126,938

  
904,623
983,602


Page 1

 
MAPLE HOLLOW ESTATES LIMITED
REGISTERED NUMBER: 05567054
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 statement of comprehensive income 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: 




Mrs E A Alcock
Director

Date: 17 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MAPLE HOLLOW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Maple Hollow Estates Limited (the company) is a private company, limited by shares, registered in England and Wales. The address of its registered office is 4 Church Mount, Guilsborough, Northampton, Northamptonshire, NN6 8QA. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue relating to property dealing is recognised by the company on a receivable basis net of disposal costs. Other operating income relating to rental income and is recognised by the company on a receivable basis net of collection fees and costs.

 
2.3

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, on the following basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures & equipment
-
25% reducing balance and 3 years 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.

 
2.4

Investment properties

Investment property is carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income. 

Page 3

 
MAPLE HOLLOW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

 
2.10

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
MAPLE HOLLOW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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.
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.



3.


Employees

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

Page 5

 
MAPLE HOLLOW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures & equipment
Total

£
£
£



Cost 


At 1 January 2024
50,900
9,019
59,919


Additions
-
2,389
2,389


Disposals
-
(1,578)
(1,578)



At 31 December 2024

50,900
9,830
60,730



Depreciation


At 1 January 2024
15,111
6,974
22,085


Charge for the year on owned assets
8,947
1,749
10,696


Disposals
-
(1,578)
(1,578)



At 31 December 2024

24,058
7,145
31,203



Net book value



At 31 December 2024
26,842
2,685
29,527



At 31 December 2023
35,789
2,045
37,834


5.


Investment property


Freehold investment properties

£



Valuation


At 1 January 2024
650,000



At 31 December 2024
650,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
225,159
225,159

Page 6

 
MAPLE HOLLOW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Properties
262,522
262,522



7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,686
-


2024
2023
£
£

Due within one year

Trade debtors
1,066
1,833

Other debtors
4,396
-

Prepayments and accrued income
11,540
11,915

17,002
13,748



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
12,600

Other taxation and social security
976
852

Other creditors
15,427
13,209

Accruals and deferred income
59,518
56,292

75,921
82,953


Page 7

 
MAPLE HOLLOW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(91,597)
(91,597)



At end of year
(91,597)
(91,597)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment property reserve
(91,597)
(91,597)

 
Page 8