Company registration number 09164445 (England and Wales)
M. A. INTERESTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
M. A. INTERESTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
M. A. INTERESTS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
591,105
592,320
Current assets
Cash at bank and in hand
41,371
75,684
Creditors: amounts falling due within one year
4
(350,522)
(398,910)
Net current liabilities
(309,151)
(323,226)
Total assets less current liabilities
281,954
269,094
Provisions for liabilities
-
0
(34,444)
Net assets
281,954
234,650
Capital and reserves
Called up share capital
2
2
Revaluation reserve
5
180,071
181,287
Profit and loss reserves
101,881
53,361
Total equity
281,954
234,650

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 May 2025 and are signed on its behalf by:
Mrs AC Mcallister
Director
Company registration number 09164445 (England and Wales)
M. A. INTERESTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

M. A. Interests Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Farmhouse, West Road, Caister, Great Yarmouth, Norfolk, England, NR30 5TB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.4
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
M. A. INTERESTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 September 2023
592,320
Revaluations
(1,215)
At 31 August 2024
591,105
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
1,275
Corporation tax
5,195
3,704
Other creditors
345,327
393,931
350,522
398,910
5
Revaluation reserve
2024
2023
£
£
At the beginning of the year
181,287
228,235
Revaluation surplus arising in the year
(1,216)
(46,948)
At the end of the year
180,071
181,287
6
Operating lease commitments

[Further information as appropriate]

As lessor - operating leases

The operating leases represent leases [of XXX] to third parties. The leases are negotiated over terms of [XX-YY] years and rentals are fixed for [XX-YY] years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.

[Further information as appropriate]

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