REGISTERED NUMBER: 07196630 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MARYLAND CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R R Shah MSc FRICS

N Thanki

REGISTERED OFFICE:

55a Welbeck Street

London

W1G 9XQ

REGISTERED NUMBER:

07196630 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investments

4

78,149

66,935

CURRENT ASSETS

Debtors

5

560,322

560,322

Prepayments and accrued income

120

120

Cash at bank

38,165

51,416

598,607

611,858

CREDITORS

Amounts falling due within one year

6

(490,174

)

(492,100

)

NET CURRENT ASSETS

108,433

119,758

TOTAL ASSETS LESS CURRENT LIABILITIES

186,582

186,693

CAPITAL AND RESERVES

Called up share capital

440

440

Retained earnings

7

186,142

186,253

SHAREHOLDERS' FUNDS

186,582

186,693

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 10 September 2025 and were signed on its behalf by:

R R Shah MSc FRICS - Director

1.	STATUTORY INFORMATION

Maryland Capital 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.

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.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

FIXED ASSET INVESTMENTS

Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

4,667

4,667

Other investments

73,482

62,268

78,149

66,935

Additional information is as follows:

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

4,667

NET BOOK VALUE

At 31 December 2024

4,667

At 31 December 2023

4,667

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Art, antiques & collectibles

73,482

62,268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

560,322

560,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

487,879

489,820

Other creditors

2,295

2,280

490,174

492,100

7.

RESERVES

Retained

earnings

£

At 1 January 2024

186,253

Deficit for the year

(111

)

At 31 December 2024

186,142

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Saffron Capital Limited, whose registered address is 55a Welbeck Street, London, W1G 9XQ.

The ultimate controlling party is Mr R R Shah by virtue of his shareholding in the parent company.