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REGISTERED NUMBER: 10766012 (England and Wales)









Financial Statements

for the Year Ended 31 May 2024

for

Maianne Limited

Maianne Limited (Registered number: 10766012)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Maianne Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: B S Harrar





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 10766012 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Maianne Limited (Registered number: 10766012)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 400,000

CURRENT ASSETS
Debtors 5 250 250
Cash at bank 11,641 3,420
11,891 3,670
CREDITORS
Amounts falling due within one year 6 146,156 147,215
NET CURRENT LIABILITIES (134,265 ) (143,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,735

256,455

CREDITORS
Amounts falling due after more than one
year

7

(194,350

)

(195,850

)

PROVISIONS FOR LIABILITIES (34,161 ) (6,962 )
NET ASSETS 137,224 53,643

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,124 53,543
137,224 53,643

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

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

The director acknowledges his 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.

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 director and authorised for issue on 28 August 2025 and were signed by:





B S Harrar - Director


Maianne Limited (Registered number: 10766012)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Maianne 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents rents receivable, excluding value added tax. Rental income is recognised on an accruals basis.

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 400,000
Revaluations 100,000
At 31 May 2024 500,000
NET BOOK VALUE
At 31 May 2024 500,000
At 31 May 2023 400,000

Maianne Limited (Registered number: 10766012)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 500,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 358,716 358,716

The investment property was valued on an open market basis on 31 May 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 250 250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,500 1,500
Tax 2,529 3,297
Other creditors 47,649 42,899
Directors' current accounts 89,019 95,019
Accruals and deferred income 5,459 4,500
146,156 147,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 194,350 195,850

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 192,850 192,850

The bank loan is secured on the investment property.

9. RETAINED EARNINGS

The retained earnings of £137,124 (2023: £53,543) comprise of distributable reserves of £30,001 (2023: £19,221) and non-distributable reserves of £107,123 (2023: £34,322) which relate to property revaluations less related deferred tax provision.