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Registered number: 12812797










MAVERICK ACTIVE HOLDINGS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
Melanie Pearce 
Steven Pearce 
Gerald Stopps 
Olivier Maubert 
Fabien Giausseran 
Herve Bellon 




Company secretary
Melissa Masters



Registered number
12812797



Registered office
Hydra House
Orion Avenue

Great Blakenham

Suffolk

IP6 0LW




Independent auditors
Whitings LLP
Chartered Accountants

Greenwood House

Greenwood Court

Skyliner Way

Bury St. Edmunds

Suffolk

IP32 7GY





 
MAVERICK ACTIVE HOLDINGS LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditors' report
 
5 - 8
Income statement
 
9 - 10
Statement of financial position
 
10
Statement of changes in equity
 
11
Notes to the financial statements
 
12 - 24


 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

Business review
 
During the financial year ended 31 December 2023, Maverick Active Holdings Limited generated a turnover of £277,269 (2022 - £278,636). The company reported an operating profit of £180,363 (2022 - £157,877), reflecting a stable revenue stream and effective cost management. Profit for the financial year was £83,189 (2022 - £1,180,278), with the prior year's profit significantly impacted by dividends received from Omega Ingredients Limited.
The company remains financially robust, maintaining net assets of £4,725,998 (2022 - £4,642,809). Investment properties and fixed asset investments remain unchanged at £6,308,098, ensuring a strong balance sheet to support future business initiatives.

Principal risks and uncertainties
 
The directors consider the following to be the principal risks facing the company:
Liquidity Risk
A key risk is ensuring that there are sufficient liquid assets to satisfy outstanding loan obligations. The company actively manages this risk through rigorous cash flow forecasting and financial planning.
Market and Economic Risk
As part of a global business, the company is exposed to economic fluctuations, changes in consumer demand, and potential regulatory changes. The directors continue to monitor these factors and adapt the business strategy accordingly.

Financial key performance indicators
 
The company evaluates its performance baed on the following key financial metrics:
                                                  
2023               2022
Turnover                                £277,269         £278,636
Operating profit margin                65.0%             56.6% 
Net assets                          £4,725,998       £4,642,809

Future developments
 
Following its acquisition by Robertet SA, the company is strategically positioned for future growth. The focus will be on supporting Omega Ingredients Limited in expanding its production capabilities, strengthening customer relationships, and increasing market share in the UK and Ireland.
The development of the new production facility at Great Blakenham is a critical step in scaling operations, enhancing efficiency, and meeting growing customer demand. Additionally, continued investment in innovation and research will further reinforce the group’s competitive position in the market.
The directors remain confident in the company’s long-term growth prospects and its ability to generate sustainable value for stakeholders.

Page 1

 
MAVERICK ACTIVE HOLDINGS LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023


This report was approved by the board on 4 April 2025 and signed on its behalf.



................................................
Steven Pearce
Director

Page 2

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company is that of a holding company.

Results and dividends

The profit for the year, after taxation, amounted to £83,189 (2022 - £1,180,278).

There were no dividends paid during the year (2022 - £63,059). 

Directors

The directors who served during the year were:

Melanie Pearce 
Steven Pearce 
Gerald Stopps 
Olivier Maubert 
Fabien Giausseran 
Herve Bellon 

Page 3

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Matters covered in the Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has been done so in respect of the fair review of the business and future outlook and financial risk management and objectives and policies. 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsWhitings LLPare deemed to be reappointed in accordance under section 487(2) of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
Steven Pearce
Director

Date: 4 April 2025

Page 4

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAVERICK ACTIVE HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of Maverick Active Holdings Limited (the 'Company') for the year ended 31 December 2023, which comprise the Income statement, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAVERICK ACTIVE HOLDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAVERICK ACTIVE HOLDINGS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
      
•     Enquiry of management about any known or suspected instances of non-compliance with laws and
       regulations and fraud;
•     Enquiry of management around actual and potential litigation and claims;
•     Reviewing compliance with laws and regulations;
•     Reviewing financial statement disclosures and testing to supporting documentation to assess compliance  
      with applicable laws and regulations;
•     Challenging assumptions and judgements made by management in their significant accounting estimates;
      and
•     Performing audit work over the risk of management override of controls, including testing of journal entries
      and other adjustments for appropriateness, and evaluating the business rationale of significant transactions
      outside the course of normal business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 7

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAVERICK ACTIVE HOLDINGS LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Jaimie King ACA (Senior statutory auditor)
for and on behalf of
Whitings LLP
Chartered Accountants
Greenwood House
Greenwood Court
Skyliner Way
Bury St. Edmunds
Suffolk
IP32 7GY

10 April 2025
Page 8

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31 December
31 December
Year ended 31 December 2023
16 months ended 31 December 2022
£
£

  

Turnover
 4 
277,269
278,636

Gross profit
  
277,269
278,636

Administrative expenses
  
(102,186)
(125,432)

Other operating income
 5 
5,280
4,673

Operating profit
  
180,363
157,877

Income from other fixed asset investments
  
-
1,114,250

Interest receivable and similar income
 10 
-
372

Interest payable and similar expenses
 11 
(96,749)
(76,562)

Profit before tax
  
83,614
1,195,937

Tax on profit
 12 
(425)
(15,659)

Profit for the financial year
  
83,189
1,180,278

The notes on pages 12 to 24 form part of these financial statements.

Page 9

 
MAVERICK ACTIVE HOLDINGS LIMITED
 

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 14 
5,371,010
5,371,010

Investment property
 15 
937,088
937,088

  
6,308,098
6,308,098

Current assets
  

Debtors: amounts falling due within one year
 16 
793,495
730,305

Cash at bank and in hand
  
-
7,228

  
793,495
737,533

Creditors: amounts falling due within one year
 17 
(118,796)
(119,445)

Net current assets
  
 
 
674,699
 
 
618,088

Total assets less current liabilities
  
6,982,797
6,926,186

Creditors: amounts falling due after more than one year
 18 
(2,256,799)
(2,283,377)

  

Net assets
  
4,725,998
4,642,809


Capital and reserves
  

Called up share capital 
 20 
3,344,285
3,344,285

Profit and loss account
 21 
1,381,713
1,298,524

  
4,725,998
4,642,809


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Steven Pearce
Director

Date: 4 April 2025

The notes on pages 12 to 24 form part of these financial statements.

Page 10

 
MAVERICK ACTIVE HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2021
3,344,285
181,305
3,525,590



Profit for the period
-
1,180,278
1,180,278

Dividends: Equity capital
-
(63,059)
(63,059)



At 1 January 2023
3,344,285
1,298,524
4,642,809



Profit for the year
-
83,189
83,189


At 31 December 2023
3,344,285
1,381,713
4,725,998


The notes on pages 12 to 24 form part of these financial statements.

Page 11

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Maverick Active Holdings Limited is a private company limited by shares and incorporated in England and Wales, registration number 12812797. The registered office is Hydra House, Orion Court, Great Blakenham, Suffolk, IP6 0LW.
 The principal activity is that of a holding company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in GBP (£) and all values are rounded to the nearest £, except where stated.

The following principal accounting policies have been applied:

  
2.2

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;
- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Interest income/expense and net gains/losses for financial instruments, and transferred financial assets not derecognised, loan defaults of breaches, and descriptions of hedging relationships;
- Section 33 'Related Party Disclosures' - Compensation for key management personnel.
This information is included in the Robertet S.A. financial statements which can be obtained from 37 Avenue Sidi-Brahim, Bp 52100, GRASSE 06130, France, and are filed alongside these accounts at Companies House.

  
2.3

Exemption from preparing consolidated financial statements

The company is a parent company that is also a subsidiary included in the consolidated financial statements of its immediate parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

  
2.4

Reporting period

These financial statements cover the period from 1 January 2023 to 31 December 2023. The previous accounting period was a 16 month period from 1 September 2021 to 31 December 2022. As a result, the comparative accounts presented in the financial statements are not entirely comparable.

Page 12

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Going concern

The Directors have considered the Company's position at the time of signing the financial statements, including the review of forecasts for at least the next 12 months from approval and group support from the ultimate parent undertaking. The Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the forseeable future, and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.6

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 is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 13

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.11

Investment property

Investment property is carried at fair value determined annually by 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 profit or loss.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

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.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.17

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.

Page 14

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and judgments are continually evaluated and are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.
The judgments, estimates and assumptions which have significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are addressed below:
Fair value of investment properties
Investment properties are held at fair value. Carrying values are subject to annual valuation reviews during which management consider specific market conditions, general economic factors and the physical condition of the assets. 
Carrying value of investments
Investments in subsidiaries are held at cost less impairment. Carrying values are subject to annual impairment reviews during which management consider the subsidiary's financial position, performance in the year and financial prospects taking into account specific market conditions and general economic factors. Where indications of impairment exist, impairment charges are recognised in profit or loss. The carrying value of investments is disclosed in note 14. 
Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.


4.


Turnover

An analysis of turnover by class of business is as follows:


Year to 31 December
16 months ended 31 December
2023
2022
£
£

Rent receivable
78,160
76,914

Admin fee receivable
199,109
201,722

277,269
278,636


All turnover arose within the United Kingdom.

Page 15

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Other operating income

Year to 31 December
16 months ended 31 December
2023
2022
£
£

Service charge receivable
5,280
4,673

5,280
4,673



6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors and their associates:


Year to 31 December
16 months ended 31 December
2023
2022
£
£


Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements
4,500
6,500
Page 16

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Employees

Staff costs, including directors' remuneration, were as follows:


Year to 31 December
16 months ended 31 December
2023
2022
£
£

Wages and salaries
64,200
88,057

Social security costs
7,604
10,767

71,804
98,824


The average monthly number of employees, including the directors, during the year was as follows:


     31 December
      31 December
        2023
        2022
            No.
            No.







Directors
6
6


8.


Directors' remuneration

Year to 31 December
16 months ended 31 December
2023
2022
£
£

Directors' emoluments
64,200
88,057

64,200
88,057


Page 17

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Income from investments

Year to 31 December
16 months ended 31 December
2023
2022
£
£





Dividends received from shares in group undertakings
-
1,114,250

-
1,114,250



10.


Interest receivable

Year to 31 December
16 months ended 31 December
2023
2022
£
£


Other interest receivable
-
372

-
372


11.


Interest payable and similar expenses

Year to 31 December
16 months ended 31 December
2023
2022
£
£


Intercompany loan interest payable
68,283
51,637

Mortgage interest payable
28,466
24,925

96,749
76,562

Page 18

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Taxation


Year to 31 December
16 months ended 31 December 
2023
2022
£
£

Corporation tax


Current tax on profits for the year
-
15,659

Adjustments in respect of previous periods
425
-


425
15,659


Total current tax
425
15,659

Factors affecting tax charge for the year/period

The tax assessed for the year/period is lower than (2022 - lower than) the standard rate of corporation tax in the UK of 23.52% (2022 - 19%). The differences are explained below:

Year to 31 December
16 months ended 31 December
2023
2022
£
£


Profit on ordinary activities before tax
83,614
1,195,937


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 23.52% (2022 - 19%)
19,666
227,228

Effects of:


Expenses not deductible for tax purposes
954
139

Adjustments to tax charge in respect of prior periods
425
-

Dividends from UK companies
-
(211,708)

Group relief
(20,620)
-

Total tax charge for the year/period
425
15,659

Page 19

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Dividends

2023
2022
£
£


Dividends paid on equity capital
-
63,059

-
63,059


14.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
5,371,010



At 31 December 2023
5,371,010





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Omega Ingredients Limited
Ordinary
100%


15.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
937,088



At 31 December 2023
937,088

The 2023 valuations were made by directors, on an open market value for existing use basis.




Page 20

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

16.


Debtors

2023
2022
£
£


Trade debtors
506
697

Amounts owed by group undertakings
768,255
714,513

Other debtors
10,655
668

Prepayments and accrued income
14,079
14,201

Tax recoverable
-
226

793,495
730,305


The amounts owed by group companies are interest-free and have no fixed repayment terms.


17.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4,447
-

Bank loans
55,044
55,044

Trade creditors
2,220
665

Amounts owed to group undertakings
35,829
21,299

Corporation tax
-
15,659

Other taxation and social security
8,923
18,528

Accruals and deferred income
12,333
8,250

118,796
119,445


The bank loans are secured by fixed charges and negative pledges over the property in which they relate along with a cross guarantee from Omega Ingredients Limited.

Page 21

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

18.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
651,549
678,127

Amounts owed to group undertakings
1,605,250
1,605,250

2,256,799
2,283,377


The amounts owed to group undertakings relates to a loan received from the parent company, which accrues interest at 4.46% and the principle amount is repayable from 31 August 2026. The interest rate is based on the Euribor 3 month rate and is chargeable every 6 months. The interest is payable immediately and so is included in amount due within one year. 

Page 22

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

19.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
55,044
55,044


55,044
55,044

Amounts falling due 1-2 years

Bank loans
55,044
55,044


55,044
55,044

Amounts falling due 2-5 years

Bank loans
165,133
165,133


165,133
165,133

Amounts falling due after more than 5 years

Bank loans
431,372
457,950

431,372
457,950

706,593
733,171


Page 23

 
MAVERICK ACTIVE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

20.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,735,685 (2022 - 2,735,685) A Preference shares of £1.00 each
2,735,685
2,735,685
607,600 (2022 - 607,600) B Preference shares of £1.00 each
607,600
607,600
90,000 (2022 - 90,000) A Ordinary shares shares of £0.01 each
900
900
10,000 (2022 - 10,000) B Ordinary shares shares of £0.01 each
100
100

3,344,285

3,344,285



21.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


22.


Contingent liabilities

Omega Ingredients Limited gave a guarantee of £780,000 to National Westminster Bank Plc on behalf of the company and this is secured by a charge over the group's property and associated assets.


23.


Transactions with directors

At the year end, £668 (2022 - £668) was owed to the company by M Pearce and G Stopps. The balance is repayable on demand.


24.


Related party transactions

The Company has taken advantage of the exemption available under FRS102 not to disclose the transactions between wholly owned members of a group. 


25.


Controlling party

Robertet Groupe is the smallest and largest group for which consolidated financial statements are prepared, which include the company. The ultimate parent company and controlling party is Robertet S.A. Financial statements for this company are available on request from 37 Avenue Sidi-Brahim, Grasse, France, 06130, and are filed alongside these accounts at Companies House.
The ultimate parent company is incorporated outside of the United Kingdom.

 
Page 24