REGISTERED NUMBER: 03605772 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Maverick Europe Limited

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

D Baldwin

Mrs D F Owen

SECRETARY:

D J Owen

REGISTERED OFFICE:

The Old House

Main Street

Maids Moreton

Buckingham

Buckinghamshire

MK18 1QU

REGISTERED NUMBER:

03605772 (England and Wales)

ACCOUNTANTS:

Facts and Figures

P O Box 583

Maids Moreton

Buckingham

Buckinghamshire

MK18 1TQ

The directors present their report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a Financial Services Company

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

D Baldwin

Mrs D F Owen

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs D F Owen - Director

4 April 2025

TURNOVER

9,648

5,422

Cost of sales

(3,907

)

(1,225

)

GROSS PROFIT

5,741

4,197

Administrative expenses

(5,402

)

(4,917

)

OPERATING PROFIT/(LOSS)

4

339

(720

)

Interest receivable and similar income

11

4

PROFIT/(LOSS) BEFORE TAXATION

350

(716

)

Tax on profit/(loss)

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

350

(716

)

Retained earnings at beginning of year

145,739

146,455

RETAINED EARNINGS AT END OF YEAR

146,089

145,739

CURRENT ASSETS

Debtors

6

166

129

Investments

7

277,035

277,035

Cash at bank

886

856

278,087

278,020

CREDITORS

Amounts falling due within one year

8

(131,996

)

(132,279

)

NET CURRENT ASSETS

146,091

145,741

TOTAL ASSETS LESS CURRENT LIABILITIES

146,091

145,741

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

146,089

145,739

SHAREHOLDERS' FUNDS

146,091

145,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:

Mrs D F Owen - Director

1.	STATUTORY INFORMATION

Maverick Europe 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

4.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.7.24

31.7.23

£

£

Depreciation - owned assets

-

89

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2023

and 31 July 2024

13,197

DEPRECIATION

At 1 August 2023

and 31 July 2024

13,197

NET BOOK VALUE

At 31 July 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Other debtors

166

129

7.	CURRENT ASSET INVESTMENTS

31.7.24

31.7.23

£

£

Other

277,035

277,035

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Other creditors

131,996

132,279