Maryland Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02335722 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Maryland Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Burgess

P Carter

Mrs C A Burgess

SECRETARY:

P Carter

REGISTERED OFFICE:

7C Westville Avenue

Kidderminster

Worcestershire

DY11 6BZ

REGISTERED NUMBER:

02335722 (England and Wales)

ACCOUNTANTS:

Harris & Co

(The practising name of

Harris Accountants Limited)

1 Trinity Place

Midland Drive

Sutton Coldfield

B72 1 TX

FIXED ASSETS

Tangible assets

4

-

Investments

5

1,038,983

880,971

Investment property

6

1,870,721

2,909,704

2,751,692

CURRENT ASSETS

Debtors

7

371,096

1,604,247

Cash at bank

41,940

106,954

413,036

1,711,201

CREDITORS

Amounts falling due within one year

8

1,913,226

3,348,004

NET CURRENT LIABILITIES

(1,500,190

)

(1,636,803

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,409,514

1,114,889

CAPITAL AND RESERVES

Called up share capital

9

710

Capital redemption reserve

290

Fair value reserve

10

293,403

195,391

Retained earnings

1,115,111

918,498

SHAREHOLDERS' FUNDS

1,409,514

1,114,889

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 19 September 2025 and were signed on its behalf by:

P Carter - Director

1.	STATUTORY INFORMATION

Maryland Group 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates.

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 cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investments in subsidiaries

Investment in subsidiary undertakings are initially recognised at fair value which is normally the transaction price.

At each balance sheet date the investments are reviewed for any indication of impairment. If such indication exists then where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date and if there are any changes in fair value, these are recognised in profit or loss.

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.

Employee benefits

The company provides a range of benefits to employees, including annual bonus arrangements and defined contribution pension plans.

i. Short term benefits

Short term benefits , including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

ii.Defined contribution pension plans

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Debtors and creditors receivable /payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with an insignificant risk of change in value.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.

Subsequently, they are measured at fair value through profit or loss if the shares are publically traded or their fair value can otherwise be measured reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

41,615

DEPRECIATION

At 1 January 2024

and 31 December 2024

41,615

NET BOOK VALUE

At 31 December 2024

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1 January 2024

53,082

827,889

880,971

Additions

-

60,000

Revaluations

-

98,012

At 31 December 2024

53,082

985,901

1,038,983

NET BOOK VALUE

At 31 December 2024

53,082

985,901

1,038,983

At 31 December 2023

53,082

827,889

880,971

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Cost

53,082

985,901

1,038,983

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,870,721

NET BOOK VALUE

At 31 December 2024

1,870,721

At 31 December 2023

1,870,721

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

-

11,281

Amounts owed by group undertakings

256,412

1,295,470

Other debtors

114,684

297,496

371,096

1,604,247

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

25,851

17,863

Amounts owed to group undertakings

1,835,924

3,290,434

Taxation and social security

14,216

20,607

Other creditors

37,235

19,100

1,913,226

3,348,004

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

710

Ordinary

£1

710

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

195,391

Unrealised gain

98,012

At 31 December 2024

293,403

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

R C Burgess

Balance outstanding at start of year

31,942

-

Amounts advanced

-

31,942

Amounts repaid

(19,090

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

12,852

31,942

P Carter

Balance outstanding at start of year

4,481

-

Amounts advanced

-

4,481

Amounts repaid

(4,481

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

4,481

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is R C Burgess.