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REGISTERED NUMBER: 05842282 (England and Wales)












MAPLEHILL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAPLEHILL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr C Mouyiaris





SECRETARY: Mrs S Mouyiaris





REGISTERED OFFICE: 41 High Street
Southgate
London
N14 6LD





REGISTERED NUMBER: 05842282 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,712 27,243
Investment property 5 10,860,000 11,349,693
10,880,712 11,376,936

CURRENT ASSETS
Debtors 6 1,037,069 191,563
Cash at bank 525 12,779
1,037,594 204,342
CREDITORS
Amounts falling due within one year 7 1,413,869 1,067,648
NET CURRENT LIABILITIES (376,275 ) (863,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,504,437

10,513,630

CREDITORS
Amounts falling due after more than one year 8 (5,317,278 ) (4,840,320 )

PROVISIONS FOR LIABILITIES (868,255 ) (1,007,163 )
NET ASSETS 4,318,904 4,666,147

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 9 3,439,601 3,851,425
Retained earnings 879,300 814,719
SHAREHOLDERS' FUNDS 4,318,904 4,666,147

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 his 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.

MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

BALANCE SHEET - continued
30 JUNE 2024


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 20 March 2025 and were signed by:





Mr C Mouyiaris - Director


MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Maplehill Properties 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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 2 (2023 - 2 ) .

MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 40,310
Additions 373
At 30 June 2024 40,683
DEPRECIATION
At 1 July 2023 13,067
Charge for year 6,904
At 30 June 2024 19,971
NET BOOK VALUE
At 30 June 2024 20,712
At 30 June 2023 27,243

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 11,349,693
Additions 59,406
Revaluations (549,099 )
At 30 June 2024 10,860,000
NET BOOK VALUE
At 30 June 2024 10,860,000
At 30 June 2023 11,349,693

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 4,851,777
Valuation in 2024 (549,099 )
Cost 6,557,322
10,860,000

MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
At 1 July 2023 6,896,114
Revaluations (202,114 )
At 30 June 2024 6,694,000
NET BOOK VALUE
At 30 June 2024 6,694,000
At 30 June 2023 6,896,114

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 10,835 9,319
Other debtors 1,026,234 182,244
1,037,069 191,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 1,177,952 609,016
Hire purchase contracts 4,850 4,850
Taxation and social security 15,136 2,741
Other creditors 215,931 451,041
1,413,869 1,067,648

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 5,311,216 4,829,408
Hire purchase contracts 6,062 10,912
5,317,278 4,840,320

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 544,638 10,576

MAPLEHILL PROPERTIES LIMITED (REGISTERED NUMBER: 05842282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RESERVES
Fair
value
reserve
£   
At 1 July 2023 3,851,425
Fair value movement (411,824 )

At 30 June 2024 3,439,601

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Mouyiaris.