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Company registration number: 02338756
Maestro Properties Limited
Unaudited filleted financial statements
31 December 2024
Maestro Properties Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Maestro Properties Limited
Directors and other information

| Directors | Mr A T Kasriel
|  | Mrs J F Kasriel
| Secretary | Mrs J F Kasriel
| Company number | 02338756
| Registered office | 1-3 Canfield Place
|  | London
|  | NW6 3BT
| Accountants | Passer & Co
|  | 20 Sunningdale Close
|  | Stanmore
|  | HA7 3QL

Maestro Properties Limited
Statement of financial position
31 December 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 2,133,039 |  |  |  | 2,133,039 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 2,133,039 |  |  |  | 2,133,039
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 70,454 |  |  |  | 70,454 |  |
Debtors |  | 6 | 359,286 |  |  |  | 615,079 |  |
Cash at bank and in hand |  |  | 1,577,663 |  |  |  | 1,324,097 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 2,007,403 |  |  |  | 2,009,630 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 104,731) |  |  |  | ( 297,459) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 1,902,672 |  |  |  | 1,712,171
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 4,035,711 |  |  |  | 3,845,210
Provisions for liabilities |  |  |  |  | ( 75,069) |  |  |  | ( 75,069)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 3,960,642 |  |  |  | 3,770,141
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 1,000 |  |  |  | 1,000
Profit and loss account |  |  |  |  | 3,959,642 |  |  |  | 3,769,141
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 3,960,642 |  |  |  | 3,770,141
|  |  |  |  | _______ |  |  |  | _______

For the 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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:
Mr A T Kasriel
Director
Company registration number: 02338756
Maestro Properties Limited
Statement of changes in equity
Year ended 31 December 2024

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 January 2023 |  | 1,000 |  | 3,548,053 | 3,549,053 |  |  |  |  |
Profit for the year |  |  |  | 221,088 | 221,088 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 221,088 | 221,088 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2023 and 1 January 2024 |  | 1,000 |  | 3,769,141 | 3,770,141 |  |  |  |  |
Profit for the year |  |  |  | 190,501 | 190,501 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 190,501 | 190,501 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2024 |  | 1,000 |  | 3,959,642 | 3,960,642 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Maestro Properties Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1-3 Canfield Place, London, NW6 3BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents rent receivable during the year and construction projects invoiced.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Work in Progress
Work in Progress is measured at cost.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets

|  | Freehold property | Long leasehold property | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | 533,039 | 1,600,000 | 2,133,039 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | - | - | - |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2024 | 533,039 | 1,600,000 | 2,133,039 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 December 2023 | 533,039 | 1,600,000 | 2,133,039 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |

6. Debtors

|  |  | 2024 | 2023
|  |  | £ | £
| Trade debtors |  | 359,286 | 615,079
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Bank loans and overdrafts |  | - | 5,000
| Trade creditors |  | 2,389 | 6,766
| Corporation tax |  | 63,500 | 62,173
| Social security and other taxes |  | 33,033 | 17,722
| Other creditors |  | 5,809 | 205,798
|  |  | _______ | _______
|  |  | 104,731 | 297,459
|  |  | _______ | _______

8. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr A T Kasriel | ( 200,809) | 200,000 | ( 809) |  |  |
|  | _______ | _______ | _______ |  |  |
2023 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr A T Kasriel | ( 200,809) | - | ( 200,809) |  |  |
|  | _______ | _______ | _______ |  |  |

Included in Debtors is an amount of £271,491 which is in respect of services provided by the Company to the Directors and their family on normal trade terms.
9. Controlling party
The company is controlled by its Directors by virtue of their majority shareholding.