REGISTERED NUMBER: 08790791 (England and Wales)

MAVERICK PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Smythe

Mrs S J Smythe

REGISTERED OFFICE:

10 Park Plaza

Battlefield Enterprise Park

Shrewsbury

Shropshire

SY1 3AF

REGISTERED NUMBER:

08790791 (England and Wales)

ACCOUNTANTS:

Harvey Telford & Bates Chartered Accountants

10 Park Plaza

Battlefield Enterprise Park

Shrewsbury

Shropshire

SY1 3AF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

24,230

27,422

Investment property

6

588,693

319,412

612,923

346,834

CURRENT ASSETS

Debtors

7

7,734

1,288

Cash at bank

6,568

132,473

14,302

133,761

CREDITORS

Amounts falling due within one year

8

534,502

276,951

NET CURRENT LIABILITIES

(520,200

)

(143,190

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,723

203,644

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

92,721

203,642

SHAREHOLDERS' FUNDS

92,723

203,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 4 September 2025 and were signed on its behalf by:

Mrs S J Smythe - Director

1.	STATUTORY INFORMATION

Maverick Projects Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

18,680

42,688

2,046

63,414

Additions

-

5,400

-

5,400

At 31 March 2025

18,680

48,088

2,046

68,814

DEPRECIATION

At 1 April 2024

9,933

24,679

1,380

35,992

Charge for year

2,187

5,740

665

8,592

At 31 March 2025

12,120

30,419

2,045

44,584

NET BOOK VALUE

At 31 March 2025

6,560

17,669

1

24,230

At 31 March 2024

8,747

18,009

666

27,422

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

319,412

Additions

269,281

At 31 March 2025

588,693

NET BOOK VALUE

At 31 March 2025

588,693

At 31 March 2024

319,412

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

96

Tax

5,139

-

Prepayments

2,595

1,192

7,734

1,288

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

11,223

20,996

Tax

-

29,963

Social security and other taxes

1,537

1,067

VAT

2,362

9,447

Directors' loan accounts

517,680

213,858

Accrued expenses

1,700

1,620

534,502

276,951