Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10339744 Mr Steven Mayhew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10339744 2023-08-31 10339744 2024-08-31 10339744 2023-09-01 2024-08-31 10339744 frs-core:Non-currentFinancialInstruments 2024-08-31 10339744 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10339744 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10339744 frs-core:ShareCapital 2024-08-31 10339744 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10339744 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10339744 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 10339744 frs-bus:SmallEntities 2023-09-01 2024-08-31 10339744 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10339744 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10339744 frs-bus:Director1 2023-09-01 2024-08-31 10339744 frs-countries:EnglandWales 2023-09-01 2024-08-31 10339744 2022-08-31 10339744 2023-08-31 10339744 2022-09-01 2023-08-31 10339744 frs-core:Non-currentFinancialInstruments 2023-08-31 10339744 frs-core:ShareCapital 2023-08-31 10339744 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10339744
Maybank Homes Ltd
ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Bailey Oster
Chartered Accountants
Mellor House
St Petersgate
Stockport
SK1 1DS
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10339744
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,777,859 2,779,223
2,777,859 2,779,223
CURRENT ASSETS
Debtors 161,847 150,552
Cash at bank and in hand 60,700 34,430
222,547 184,982
Creditors: Amounts Falling Due Within One Year (1,175,435 ) (1,480,129 )
NET CURRENT ASSETS (LIABILITIES) (952,888 ) (1,295,147 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,824,971 1,484,076
Creditors: Amounts Falling Due After More Than One Year (1,831,211 ) (1,540,694 )
NET LIABILITIES (6,240 ) (56,618 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (6,340 ) (56,718 )
SHAREHOLDERS' FUNDS (6,240) (56,618)
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Page 2
For the year ending 31 August 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Steven Mayhew
Director
31 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Maybank Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10339744 . The registered office is Mellor House, 65-81 St Petersgate, Stockport, SK1 1DS.
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. 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:
Freehold Not depreciated
Fixtures & Fittings 10% reducing balance
2.4. Taxation
The corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 September 2023 2,791,249
As at 31 August 2024 2,791,249
Depreciation
As at 1 September 2023 12,026
Provided during the period 1,364
As at 31 August 2024 13,390
Net Book Value
As at 31 August 2024 2,777,859
As at 1 September 2023 2,779,223
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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