Registered number
11434073
Mavro Properties Limited
Filleted Accounts
30 June 2024
Mavro Properties Limited
Registered number: 11434073
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,473,778 5,473,778
Current assets
Debtors 4 537,753 449,389
Cash at bank and in hand 342,031 353,160
879,784 802,549
Creditors: amounts falling due within one year 5 (52,942) (107,910)
Net current assets 826,842 694,639
Net assets 6,300,620 6,168,417
Capital and reserves
Called up share capital 5,473,779 5,473,779
Profit and loss account 826,841 694,638
Shareholder's funds 6,300,620 6,168,417
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms L S Kenny
Director
Approved by the board on 25 March 2025
Mavro Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue
Revenue relates to rental income from investment properties and is recognised on a straight line basis over the period of the lease.
Investment properties
Investment properties are included in the balance sheet at their open market value determined annually by the directors based on guidance from professional valuers and derived from current market rents and investment property yields. No depreciation is provided. Changes in fair value are recognised in the Statement of changes in equity.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 5,473,778
At 30 June 2024 5,473,778
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 5,473,778
At 30 June 2023 5,473,778
4 Debtors 2024 2023
£ £
Trade debtors 527,639 442,197
Other debtors 10,114 7,192
537,753 449,389
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 60,000
Taxation and social security costs 42,563 40,116
Other creditors 10,379 7,794
52,942 107,910
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Ms L S Kenny
Loan 1,001 62,363 (60,000) 3,364
1,001 62,363 (60,000) 3,364
7 Controlling party
Mrs L S Kenny is the ultimate controlling party of the company.
8 Other information
Mavro Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Yard
17 Annette Road
London
N7 6EH
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