Maurice Charge Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05669624 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MAURICE CHARGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E White

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

REGISTERED NUMBER:

05669624 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

FIXED ASSETS

Intangible assets

4

290,899

302,416

Tangible assets

5

19,335

19,858

310,234

322,274

CURRENT ASSETS

Debtors

6

3,350

5,438

Cash at bank and in hand

28,229

49,505

31,579

54,943

CREDITORS

Amounts falling due within one year

7

372,560

374,228

NET CURRENT LIABILITIES

(340,981

)

(319,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,747

)

2,989

CREDITORS

Amounts falling due after more than one
year

8

(3,447

)

(14,189

)

PROVISIONS FOR LIABILITIES

(256

)

(4,638

)

NET LIABILITIES

(34,450

)

(15,838

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(34,452

)

(15,840

)

(34,450

)

(15,838

)

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 17 September 2025 and were signed by:

C E White - Director

1.	STATUTORY INFORMATION

Maurice Charge 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future having adequate funds to meet its liabilities as they fall due. The director consider this basis to be appropriate, as the continued provision of adequate facilities by the company's director is expected to be forthcoming.

Turnover

Revenue is recognised under an exchange transaction with a customer, when, and to the extent that, the company obtains the right to consideration in exchange for its performance.

Turnover is the revenue resulting from exchange transactions under which the company supplies to customers the services that it is in business to provide as set out below.

Turnover is recognised on a gross win basis for over-the-counter, on course betting and FOBT's, as the directors consider this to be a fair representation of the results of the business and is in line with current industry disclosures.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible fixed assets other than goodwill

Pitches are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Tangible fixed assets

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

Land and buildings

-

Over period of the lease

Plant and machinery etc

-

15% on reducing balance and 1/3 on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2024

and 31 December 2024

20,000

371,516

391,516

AMORTISATION

At 1 January 2024

20,000

69,100

89,100

Charge for year

-

11,517

At 31 December 2024

20,000

80,617

100,617

NET BOOK VALUE

At 31 December 2024

-

290,899

At 31 December 2023

-

302,416

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

59,608

153,647

213,255

Additions

-

19,963

Disposals

(59,608

)

(119,458

)

(179,066

)

At 31 December 2024

-

54,152

DEPRECIATION

At 1 January 2024

51,448

141,949

193,397

Charge for year

-

8,842

Eliminated on disposal

(51,448

)

(115,974

)

(167,422

)

At 31 December 2024

-

34,817

NET BOOK VALUE

At 31 December 2024

-

19,335

At 31 December 2023

8,160

11,698

19,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

3,350

5,438

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,742

10,478

Trade creditors

291,208

282,629

Taxation and social security

2,341

5,988

Other creditors

68,269

75,133

372,560

374,228

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

3,447

14,189