Maitland and Kensington Associates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10134616 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MAITLAND AND KENSINGTON ASSOCIATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

Mr G Bird

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

10134616 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

1,241

1,633

Current assets

Debtors

5

1,081,441

859,142

Cash at bank

46,578

58,511

1,128,019

917,653

Creditors

Amounts falling due within one year

6

1,048,391

904,326

Net current assets

79,628

13,327

Total assets less current liabilities

80,869

14,960

Creditors

Amounts falling due after more than one
year

7

2,279

11,761

Net assets

78,590

3,199

Capital and reserves

Called up share capital

9

120

Retained earnings

78,470

3,079

Shareholders' funds

78,590

3,199

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr G Bird - Director

1.	Statutory information

Maitland and Kensington Associates Ltd 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.

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.

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	Employees and directors

The average number of employees during the year was 10 (2023 - 9 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

and 31 December 2024

6,871

Depreciation

At 1 January 2024

5,238

Charge for year

392

At 31 December 2024

5,630

Net book value

At 31 December 2024

1,241

At 31 December 2023

1,633

5.

Debtors: amounts falling due within one year

2024

2023

£

Trade debtors

1,015,141

859,142

Other debtors

66,300

-

1,081,441

859,142

6.

Creditors: amounts falling due within one year

2024

2023

£

Bank loans and overdrafts

10,490

10,739

Trade creditors

15,246

31,055

Taxation and social security

130,889

97,667

Other creditors

891,766

764,865

1,048,391

904,326

7.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loans

2,279

11,761

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

Invoice discounting

886,885

747,583

Included in other creditors due within one year is an amount of £886,885 (2023 - £747,589) due to an invoice discounting company which is secured on the trade debtors of the company.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

51

Ordinary

£1

51

49

A Ordinary

£1

49

10

B Ordinary

£1

10

C Ordinary

£1

10

120

10.	Director's advances, credits and guarantees

Included within other debtors due within one year is an amount of £9,830 (2023, other creditors of £7,405) due to the company from the director.

Included within other debtors due within one year is an amount of £9,240 (2023, other creditors of £5,825) due to the company from the shareholders.