Registration number: 09910369

Maata Properties Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Maata Properties Limited

Company Information

Director

V Bharakhda

Registered office

Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Maata Properties Limited

(Registration number: 09910369)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	267	1,221
Investment property	5	510,000	495,000
		510,267	496,221
Current assets
Debtors		136,491	134,663
Cash at bank and in hand		6,782	4,718
		143,273	139,381
Creditors: Amounts falling due within one year	6	(163,014)	(205,591)
Net current liabilities		(19,741)	(66,210)
Total assets less current liabilities		490,526	430,011
Creditors: Amounts falling due after more than one year	6	(380,563)	(330,300)
Provisions for liabilities		(18,627)	(15,777)
Net assets		91,336	83,934
Capital and reserves
Called up share capital	7	1	1
Retained earnings		91,335	83,933
Shareholders' funds		91,336	83,934

Maata Properties Limited

(Registration number: 09910369)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2025
 

......................................... V Bharakhda Director

Maata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A -The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.

Maata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% Straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Maata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2024	11,787	11,787
Additions	274	274
At 31 December 2024	12,061	12,061
Depreciation
At 1 January 2024	10,566	10,566
Charge for the year	1,228	1,228
At 31 December 2024	11,794	11,794
Carrying amount
At 31 December 2024	267	267
At 31 December 2023	1,221	1,221

5	Investment properties

	2024 £
At 1 January	495,000
Fair value adjustments	15,000
At 31 December	510,000

Maata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	3,480	3,480
Taxation and social security		-	356
Accruals and deferred income		1,800	1,680
Other creditors		157,734	200,075
		163,014	205,591

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	380,563	330,300

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	1,488	4,968
Other borrowings	379,075	325,332
	380,563	330,300

Maata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	3,480	3,480

9	Related party transactions

Transactions with the director

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
V Bharakhda
	(164,954)	31,500	(2,728)	(136,182)

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
V Bharakhda
	(159,908)	12,170	(17,216)	(164,954)

Summary of transactions with other related parties

JV Success Limited

At the balance sheet date the amout due from JV Success Limited was £131,893.75 (2023 - £131,413.47). V Bharakhda is a director of this company.