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REGISTERED NUMBER: 02197045










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MAKA HOLDINGS LIMITED

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAKA HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: Mr Jatin Haria
Mrs Sonal Haria
Mr Ravi Haria
Miss Maya Haria
Miss Piya Haria





SECRETARY: Mr Jatin Haria





REGISTERED OFFICE: Care House
Chester Road
Borehamwood
Hertfordshire
WD6 1LP





REGISTERED NUMBER: 02197045





ACCOUNTANTS: SRG Newmans Ltd
Chartered Certified Accountants
Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,500,000 3,500,000
Investments 5 150,252 150,252
Investment property 6 318,638 318,638
3,968,890 3,968,890

CURRENT ASSETS
Debtors 7 140,168 172,398
Cash at bank 372,946 316,517
513,114 488,915
CREDITORS
Amounts falling due within one year 8 291,270 279,978
NET CURRENT ASSETS 221,844 208,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,190,734

4,177,827

PROVISIONS FOR LIABILITIES 10 484,627 484,627
NET ASSETS 3,706,107 3,693,200

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 2,054,454 2,054,454
Retained earnings 1,651,553 1,638,646
SHAREHOLDERS' FUNDS 3,706,107 3,693,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

BALANCE SHEET - continued
31 DECEMBER 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





Mr Jatin Haria - Director


MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Maka Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Investment property
Investment property is revalued at its open market value. The surplus or deficit on revalution has, in the past, been transferred to a revaluation reserve in accordance with the Financial Reporting Standard for Smaller Entities, effective January 2015. In the future all gains and losses on revaluation will be dealt with through the Profit and Loss Account so as to comply with the Financial Reporting Standard 102 effective January 2016.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 3,500,000
NET BOOK VALUE
At 31 December 2024 3,500,000
At 31 December 2023 3,500,000

The directors have given due consideration to the present value of the freehold property and confirm that the current market value as at 31 December 2024 is £3,500,000. The historical cost of the property was £960,919.

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2004 471,700
Valuation in 2013 663,501
Valuation in 2015 200,000
Valuation in 2022 953,880
Valuation in 2023 250,000
Cost 960,919
3,500,000

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 150,252
NET BOOK VALUE
At 31 December 2024 150,252
At 31 December 2023 150,252

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Healthcare Direct Limited
Registered office: Care House, Chester Road, Borehamwood, Hertfordshire, WD6 1LP
Nature of business: Suppliers of medical equipment.
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,740,206 1,826,276
(Loss)/profit for the year (82,274 ) 21,307

Carefinders Ltd
Registered office: Care House Chester Road, Borehamwood, Hertfordshire, WD6 1LP
Nature of business: Investment company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 2 2

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Associated company

Precision Dental Products Limited
Registered office: Care House, Chester Road, Borehamwood, Hertfordshire, WD6 1LP
Nature of business: Supply of dental equipment
%
Class of shares: holding
Ordinary 30.00
2024 2023
£    £   
Aggregate capital and reserves 2 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 318,638
NET BOOK VALUE
At 31 December 2024 318,638
At 31 December 2023 318,638

The company's investment properties are carried at their open market value on 31 December 2024 based on a valuation by the directors of the company. In making the valuations he has considered the value in use of the properties and the present market conditions.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 140,000 172,251
Other debtors 96 96
VAT 72 51
140,168 172,398

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 95,895 110,296
Trade creditors 216 305
Amounts owed to group undertakings 191,033 158,194
Tax (87 ) (87 )
Accrued expenses 1,650 1,650
Accrued interest 2,563 9,620
291,270 279,978

9. SECURED DEBTS

The National Westminster Bank PLC holds a fixed charge over the freehold property.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 484,627 484,627

Deferred
tax
£   
Balance at 1 January 2024 484,627
Movement
Balance at 31 December 2024 484,627

11. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 2,054,454

The non-distributable reserve at the reporting date is £2,054,454

MAKA HOLDINGS LIMITED (REGISTERED NUMBER: 02197045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

12. RELATED PARTY DISCLOSURES

Rent of £90,000 (2023: £90,000) was received in the year from Healthcare Direct Limited, a subsidiary company.

Included in creditors due within one year is a balance of £191,033 (2023: £158,194) due and payable to Healthcare Direct Limited.

Included in amounts owed by associates is £nil (2023: £32,251) which is due by Maka Pensions, a director related pension fund.

Included in amounts owed by associates is £140,000 (2023: £140,000) which is due by Pimara Properties Limited, a director related company.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors' who control 100% of the issued share capital.