MAIA RESEARCH LTD


Director	ROSSI, Maia Chiara


Registered Address	Unit 1 Pearl Assurance House
	Elbow Lane
	Tavistock
	PL19 0BG


Registered Number	12874912 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		2,982		3,783
			2,982		3,783
Current assets
Debtors		16,852		16,852
Cash at bank and on hand		4,659		-
		21,511		16,852
Creditors amounts falling due within one year	4	(7,156)		(11,380)
Net current assets (liabilities)			14,355		5,472
Total assets less current liabilities			17,337		9,255
Net assets			17,337		9,255
Capital and reserves
Called up share capital			50		50
Profit and loss account			17,287		9,205
Shareholders' funds			17,337		9,255

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 18 September 2025, and are signed on its behalf by:

ROSSI, Maia Chiara
Director
Registered Company No. 12874912

MAIA RESEARCH LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		3

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	4,954
	At 31 December 24	4,954
	Depreciation and impairment
	At 01 January 24	1,171
	Charge for year	801
	At 31 December 24	1,972
	Net book value
	At 31 December 24	2,982
	At 31 December 23	3,783

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	2,084	1,573
Other creditors	5,072	9,807
Total	7,156	11,380


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.