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No description of principal activity
2023-08-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
02023489
2023-08-01
2024-07-31
02023489
2024-07-31
02023489
2023-07-31
02023489
2022-08-01
2023-07-31
02023489
2023-07-31
02023489
2022-07-31
02023489
core:MotorVehicles
2023-08-01
2024-07-31
02023489
bus:Director1
2023-08-01
2024-07-31
02023489
bus:Director2
2023-08-01
2024-07-31
02023489
bus:Director3
2023-08-01
2024-07-31
02023489
core:WithinOneYear
2024-07-31
02023489
core:WithinOneYear
2023-07-31
02023489
core:AfterOneYear
2024-07-31
02023489
core:AfterOneYear
2023-07-31
02023489
core:ShareCapital
2024-07-31
02023489
core:ShareCapital
2023-07-31
02023489
core:OtherReservesSubtotal
2024-07-31
02023489
core:OtherReservesSubtotal
2023-07-31
02023489
core:RetainedEarningsAccumulatedLosses
2024-07-31
02023489
core:RetainedEarningsAccumulatedLosses
2023-07-31
02023489
bus:Director1
2023-07-31
02023489
bus:Director1
2024-07-31
02023489
bus:Director2
2023-07-31
02023489
bus:Director2
2024-07-31
02023489
bus:Director3
2023-07-31
02023489
bus:Director3
2024-07-31
02023489
bus:Director1
2022-07-31
02023489
bus:Director1
2023-07-31
02023489
bus:Director2
2022-07-31
02023489
bus:Director2
2023-07-31
02023489
bus:Director3
2022-07-31
02023489
bus:Director3
2023-07-31
02023489
bus:Director1
2022-08-01
2023-07-31
02023489
bus:Director2
2022-08-01
2023-07-31
02023489
bus:Director3
2022-08-01
2023-07-31
02023489
bus:SmallEntities
2023-08-01
2024-07-31
02023489
bus:AuditExemptWithAccountantsReport
2023-08-01
2024-07-31
02023489
bus:SmallCompaniesRegimeForAccounts
2023-08-01
2024-07-31
02023489
bus:PrivateLimitedCompanyLtd
2023-08-01
2024-07-31
02023489
bus:AbridgedAccounts
2023-08-01
2024-07-31
02023489
core:OfficeEquipment
2023-08-01
2024-07-31
COMPANY REGISTRATION NUMBER:
02023489
|
Maison Maurice (Estates) Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
Maison Maurice (Estates) Limited |
|
|
Abridged Statement of Financial Position |
|
31 July 2024
Fixed assets
|
Tangible assets |
5 |
|
3,612,097 |
3,612,903 |
|
|
|
|
|
Current assets
|
Debtors |
140,684 |
|
163,245 |
|
Cash at bank and in hand |
380,944 |
|
324,849 |
|
---------- |
|
---------- |
|
521,628 |
|
488,094 |
|
|
|
|
|
Creditors: amounts falling due within one year |
84,509 |
|
54,129 |
|
---------- |
|
---------- |
|
Net current assets |
|
437,119 |
433,965 |
|
|
------------- |
------------- |
|
Total assets less current liabilities |
|
4,049,216 |
4,046,868 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
681,097 |
650,733 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
637,488 |
484,491 |
|
|
------------- |
------------- |
|
Net assets |
|
2,730,631 |
2,911,644 |
|
|
------------- |
------------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1,000 |
1,000 |
|
Non-distributable reserves |
|
2,767,437 |
2,917,505 |
|
Profit and loss account |
|
(
37,806) |
(
6,861) |
|
|
------------- |
------------- |
|
Shareholders funds |
|
2,730,631 |
2,911,644 |
|
|
------------- |
------------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
Maison Maurice (Estates) Limited |
|
|
Abridged Statement of Financial Position (continued) |
|
31 July 2024
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
11 July 2025
, and are signed on behalf of the board by:
|
Mrs M J Burch |
Mrs V A Howell |
|
Director |
Director |
|
|
Company registration number:
02023489
|
Maison Maurice (Estates) Limited |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 31 July 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6-10 Welling Way, Welling, Kent, DA16 2RJ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor Vehicles |
- |
25% reducing balance |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 August 2023 and 31 July 2024 |
3,617,283 |
|
------------- |
|
Depreciation |
|
|
At 1 August 2023 |
4,380 |
|
Charge for the year |
806 |
|
------------- |
|
At 31 July 2024 |
5,186 |
|
------------- |
|
Carrying amount |
|
|
At 31 July 2024 |
3,612,097 |
|
------------- |
|
At 31 July 2023 |
3,612,903 |
|
------------- |
|
|
Freehold property is shown at fair value at the balance sheet date. The valuations are calculated by the directors using third party evidence.
Tangible assets held at valuation
The freehold assets are shown at fair value and deferred tax is calculated accordingly
.
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
|
£ |
|
At 31 July 2024 |
|
|
Aggregate cost |
1,059,723 |
|
Aggregate depreciation |
– |
|
------------- |
|
Carrying value |
1,059,723 |
|
------------- |
|
|
|
At 31 July 2023 |
|
|
Aggregate cost |
1,060,305 |
|
Aggregate depreciation |
– |
|
------------- |
|
Carrying value |
1,060,305 |
|
------------- |
|
|
6.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2024 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mrs M J Burch |
(
236,592) |
(
11,229) |
(
247,821) |
|
Mrs V A Howell |
(
261,390) |
(
12,237) |
(
273,627) |
|
Mr M A Sundin |
(
152,751) |
(
6,898) |
(
159,649) |
|
|
---------- |
--------- |
---------- |
|
|
(
650,733) |
(
30,364) |
(
681,097) |
|
|
---------- |
--------- |
---------- |
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mrs M J Burch |
(
313,630) |
77,038 |
(
236,592) |
|
Mrs V A Howell |
(
337,431) |
76,041 |
(
261,390) |
|
Mr M A Sundin |
(
232,852) |
80,101 |
(
152,751) |
|
|
---------- |
---------- |
---------- |
|
|
(
883,913) |
233,180 |
(
650,733) |
|
|
---------- |
---------- |
---------- |
|
|
|
|
|
7.
Related party transactions
Included in Creditors: amounts falling due after more than one year are amounts due to directors amounting to £681,097 (2023:£650,733). Interest is payable in respect of these amounts. During the year dividends amounting to £nil (2023:£25,500) were paid to the directors.