REGISTERED NUMBER: 05322318 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Maples Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr AC Cracknell

SECRETARY:

Mrs DC Cracknell

REGISTERED OFFICE:

1 The Maples

Akenham

Ipswich

Suffolk

IP6 0HJ

REGISTERED NUMBER:

05322318 (England and Wales)

ACCOUNTANTS:

Emsdens Limited - Chartered Certified Accountants

Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

FIXED ASSETS

Tangible assets

4

661

882

Investment property

5

558,221

558,221

558,882

559,103

CURRENT ASSETS

Stocks

520,296

449,920

Debtors

6

315

2,552

Cash at bank

11,030

1,480

531,641

453,952

CREDITORS

Amounts falling due within one year

7

832,675

776,120

NET CURRENT LIABILITIES

(301,034

)

(322,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257,848

236,935

PROVISIONS FOR LIABILITIES

118

-

NET ASSETS

257,730

236,935

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

257,630

236,835

SHAREHOLDERS' FUNDS

257,730

236,935

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 director acknowledges his 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 director and authorised for issue on 9 September 2025 and were signed by:

Mr AC Cracknell - Director

1.	STATUTORY INFORMATION

Maples Developments 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Stocks

Work in progress is valued at the net realisable value. This includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

9,640

DEPRECIATION

At 1 January 2024

8,758

Charge for year

221

At 31 December 2024

8,979

NET BOOK VALUE

At 31 December 2024

661

At 31 December 2023

882

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

558,221

NET BOOK VALUE

At 31 December 2024

558,221

At 31 December 2023

558,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

315

2,552

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

3,333

69,787

Taxation and social security

10,851

8,247

Other creditors

818,491

698,086

832,675

776,120

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary shares

£1

100

100

9.	RELATED PARTY DISCLOSURES

The company paid Mr AC Cracknell a director an amount of £3,000 (2023: £3,000) in respect of interest and charges on monies loaned to the company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr AC Cracknell.

The ultimate controlling party is Mr AC Cracknell.