Registered number
14315497
MAX & MAS PROPERTIES LTD
Unaudited Filleted Accounts
31 August 2024
Khan Adamson Limited
Chartered Accountant
Chelworth Industrial Estate
Cricklade
Swindon
Wiltshire
SN6 6HE
MAX & MAS PROPERTIES LTD
Registered number: 14315497
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 109,995 109,995
Current assets
Cash at bank and in hand 8,211 912
Creditors: amounts falling due within one year 4 (47,606) (32,345)
Net current liabilities (39,395) (31,433)
Total assets less current liabilities 70,600 78,562
Creditors: amounts falling due after more than one year 5 (81,113) (81,113)
Net liabilities (10,513) (2,551)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,613) (2,651)
Shareholders' funds (10,513) (2,551)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Rizwana Mahmood
Director
Approved by the board on 2 May 2025
MAX & MAS PROPERTIES LTD
Notes to the Accounts
for the year ended 31 August 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in profit and loss.
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 0 0
3 Investments
Land and buildings
£
Cost
At 1 September 2023 109,995
At 31 August 2024 109,995
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 109,995
At 31 August 2023 109,995
The 2024 valuations were made by the directors, on an open market value
for existing use basis.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' account 46,695 31,434
Other creditors 911 911
47,606 32,345
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 81,113 81,113
6 Other information
MAX & MAS PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit D23 Chelworth Industrial Estate
Chelworth Road
Cricklade
Swindon
SN6 6HE
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