Silverfin false false 30/09/2024 25/08/2023 30/09/2024 Ms R Johns 25/08/2023 Mr A Semmens 25/08/2023 Mrs A Semmens 25/08/2023 Miss E Semmens 25/08/2023 Mr Adrian Semmens 09 May 2025 The principle activity of the company is the development of land. 15096537 2024-09-30 15096537 bus:Director1 2024-09-30 15096537 bus:Director2 2024-09-30 15096537 bus:Director3 2024-09-30 15096537 bus:Director4 2024-09-30 15096537 core:CurrentFinancialInstruments 2024-09-30 15096537 core:ShareCapital 2024-09-30 15096537 core:RetainedEarningsAccumulatedLosses 2024-09-30 15096537 core:LandBuildings 2023-08-24 15096537 2023-08-24 15096537 core:LandBuildings 2024-09-30 15096537 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2024-09-30 15096537 bus:OrdinaryShareClass1 2024-09-30 15096537 2023-08-25 2024-09-30 15096537 bus:FilletedAccounts 2023-08-25 2024-09-30 15096537 bus:SmallEntities 2023-08-25 2024-09-30 15096537 bus:AuditExemptWithAccountantsReport 2023-08-25 2024-09-30 15096537 bus:PrivateLimitedCompanyLtd 2023-08-25 2024-09-30 15096537 bus:Director1 2023-08-25 2024-09-30 15096537 bus:Director2 2023-08-25 2024-09-30 15096537 bus:Director3 2023-08-25 2024-09-30 15096537 bus:Director4 2023-08-25 2024-09-30 15096537 bus:Director5 2023-08-25 2024-09-30 15096537 core:LandBuildings 2023-08-25 2024-09-30 15096537 bus:OrdinaryShareClass1 2023-08-25 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15096537 (England and Wales)

MAYSEN LIMITED

Unaudited Financial Statements
For the financial period from 25 August 2023 to 30 September 2024
Pages for filing with the registrar

MAYSEN LIMITED

Unaudited Financial Statements

For the financial period from 25 August 2023 to 30 September 2024

Contents

MAYSEN LIMITED

BALANCE SHEET

As at 30 September 2024
MAYSEN LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 30.09.2024
£
Fixed assets
Tangible assets 3 257,047
257,047
Current assets
Debtors 4 100
100
Creditors: amounts falling due within one year 5 ( 262,102)
Net current liabilities (262,002)
Total assets less current liabilities (4,955)
Net liabilities ( 4,955)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 5,055 )
Total shareholders' deficit ( 4,955)

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Maysen Limited (registered number: 15096537) were approved and authorised for issue by the Board of Directors on 09 May 2025. They were signed on its behalf by:

Mr Adrian Semmens
Director
MAYSEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 August 2023 to 30 September 2024
MAYSEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 August 2023 to 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Maysen Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro,, Cornwall, TR1 2NA, United Kingdom. The principal place of business is Brew Farm, St Levan, Penzance, Cornwall, TR19 6NA.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £4,955. The Company is supported through loans from the directors and related companies. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
25.08.2023 to
30.09.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 4

3. Tangible assets

Land and buildings Total
£ £
Cost
At 25 August 2023 0 0
Additions 257,047 257,047
At 30 September 2024 257,047 257,047
Accumulated depreciation
At 25 August 2023 0 0
At 30 September 2024 0 0
Net book value
At 30 September 2024 257,047 257,047

4. Debtors

30.09.2024
£
Other debtors 100

5. Creditors: amounts falling due within one year

30.09.2024
£
Amounts owed to connected persons 261,102
Other creditors 1,000
262,102

6. Called-up share capital

30.09.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

The company was incorporated during the year. Upon incorporation 100 shares were issued at £1 each.