1 April 2023 v2025.21.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP118713652023-04-012024-03-31118713652024-03-31118713652023-03-3111871365core:WithinOneYear2024-03-3111871365core:WithinOneYear2023-03-3111871365core:ShareCapital2024-03-3111871365core:ShareCapital2023-03-3111871365core:RetainedEarningsAccumulatedLosses2024-03-3111871365core:RetainedEarningsAccumulatedLosses2023-03-3111871365bus:Director12023-04-012024-03-3111871365bus:RegisteredOffice2023-04-012024-03-3111871365core:FurnitureFittingsToolsEquipment2023-04-012024-03-31118713652022-04-012023-03-3111871365core:LandBuildings2024-03-3111871365core:PlantMachinery2024-03-3111871365core:PlantMachinery2023-04-01118713652023-04-0111871365core:PlantMachinery2023-04-012024-03-3111871365core:LandBuildings2023-03-3111871365core:PlantMachinery2023-03-311187136512023-04-012024-03-3111871365countries:EnglandWales2023-04-012024-03-3111871365bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3111871365bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111871365bus:SmallEntities2023-04-012024-03-3111871365bus:FullAccounts2023-04-012024-03-31
Company registration number:
11871365
Maison Parfaite Dragon Avenue Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Maison Parfaite Dragon Avenue Ltd
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,619,703
 
1,649,629
 
Current assets    
Debtors 6
37,315
 
12,970
 
Cash at bank and in hand
383
 
3
 
37,698
 
12,973
 
Creditors: amounts falling due within one year 7
(1,208,634
)
(1,137,286
)
Net current liabilities
(1,170,936
)
(1,124,313
)
Total assets less current liabilities 448,767   525,316  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
448,667
 
525,216
 
Shareholders funds
448,767
 
525,316
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
28 April 2025
, and are signed on behalf of the board by:
C. S. Myneni
Director
Company registration number:
11871365
Maison Parfaite Dragon Avenue Ltd
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
8 Thornton's Arcade
,
Leeds
,
West Yorkshire
,
LS1 6LQ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company will continue over the next 12 months with the support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildingsNil
Fixtures, fittings and equipment
20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2023
and
31 March 2024
1,500,000
 
171,949
 
1,671,949
 
Depreciation      
At
1 April 2023
-  
22,320
 
22,320
 
Charge -  
29,926
 
29,926
 
At
31 March 2024
-  
52,246
 
52,246
 
Carrying amount      
At
31 March 2024
1,500,000
 
119,703
 
1,619,703
 
At 31 March 2023
1,500,000
 
149,629
 
1,649,629
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20242023
££
Aggregate historical cost 751,509   751,509  
Carrying amount 751,509   751,509  
The property has been valued at an open market basis by the director.

6 Debtors

20242023
££
Trade debtors
1,720
 
1,269
 
Other debtors
35,595
 
11,701
 
37,315
 
12,970
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
3,482
 
4,984
 
Other creditors
1,205,152
 
1,132,302
 
1,208,634
 
1,137,286
 
The loans included above are secured against the assets within the company.