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Registered number: 07362598
Maia Ventures Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07362598
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 572 883
Tangible Assets 5 714,999 834,087
715,571 834,970
CURRENT ASSETS
Stocks 6 4,335 4,335
Debtors 7 108,935 57,002
Investments 8 95 21,820
Cash at bank and in hand 33,336 12,182
146,701 95,339
Creditors: Amounts Falling Due Within One Year 9 (2,455,576 ) (2,310,339 )
NET CURRENT ASSETS (LIABILITIES) (2,308,875 ) (2,215,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,593,304 ) (1,380,030 )
Creditors: Amounts Falling Due After More Than One Year 10 - (30,259 )
NET LIABILITIES (1,593,304 ) (1,410,289 )
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account (1,593,404 ) (1,410,389 )
SHAREHOLDERS' FUNDS (1,593,304) (1,410,289)
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Barr
Director
15 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maia Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07362598 . The registered office is Ashford House Grenadier Road, Exeter Business Park, Exeter, Devon, EX1 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents and licences. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery straight line over 10 - 15 years
Fixtures & Fittings straight line over 3.5 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2024 3,118
As at 31 March 2025 3,118
Amortisation
As at 1 April 2024 2,235
Provided during the period 311
As at 31 March 2025 2,546
Net Book Value
As at 31 March 2025 572
As at 1 April 2024 883
5. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2024 1,622,463
Additions 4,730
Revaluation (945 )
As at 31 March 2025 1,626,248
Depreciation
As at 1 April 2024 788,376
Provided during the period 122,873
As at 31 March 2025 911,249
Net Book Value
As at 31 March 2025 714,999
As at 1 April 2024 834,087
6. Stocks
2025 2024
£ £
Stock 4,335 4,335
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,086 -
Other debtors 17,783 17,781
Other taxes and social security 480 762
Amounts owed by group undertakings 87,586 38,459
108,935 57,002
8. Current Asset Investments
2025 2024
£ £
Listed investments 95 21,820
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,868 6,813
Bank loans and overdrafts - 5,170
Other creditors 2,138 2,327
Director's loan account 791,263 771,629
Amounts owed to group undertakings 1,660,307 1,524,400
2,455,576 2,310,339
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 30,259
11. Secured Creditors
Of the creditors the following amounts are secured.
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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