1 February 2024 false No description of principal activity Taxfiler 2024.6 15410893 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 15410893 2024-01-31 15410893 2024-02-01 2025-01-31 15410893 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 15410893 business:FilletedAccounts 2024-02-01 2025-01-31 15410893 2025-01-31 15410893 core:WithinOneYear 2025-01-31 15410893 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 15410893 core:PreviouslyStatedAmount 2025-01-31 15410893 business:SmallEntities 2024-02-01 2025-01-31 15410893 business:Director1 2024-02-01 2025-01-31 15410893 countries:EnglandWales 2024-02-01 2025-01-31 15410893 business:RegisteredOffice 2024-02-01 2025-01-31 15410893 core:PlantMachinery 2024-02-01 2025-01-31 15410893 core:MotorVehicles 2024-02-01 2025-01-31 15410893 core:LandBuildings 2024-01-31 15410893 core:PlantMachinery 2024-01-31 15410893 core:MotorVehicles 2024-01-31 15410893 core:LandBuildings 2024-02-01 2025-01-31 15410893 core:LandBuildings 2025-01-31 15410893 core:PlantMachinery 2025-01-31 15410893 core:MotorVehicles 2025-01-31 iso4217:GBP xbrli:pure
Maincome Properties Limited Statement of financial position as at 31 January 2025
2025
Notes
£
Fixed assets
Tangible assets
4
260,320
Current assets
Debtors
5
4,920
Cash at bank and in hand
645
5,565
Creditors: amounts falling due within one year
6
(251,300)
Net current liabilities
(245,735)
Net assets
14,585
Capital and reserves
Profit and loss account
14,585
Shareholders' funds
14,585
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
Joshua Thomas Mayhew Director Company Registration No. 15410893
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Maincome Properties Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Maincome Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 15410893. The registered office is Dolgoch, Tre'r Ddol, Machynlleth, Powys, SY20 8PN, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
18%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
-
-
-
-
Additions
270,150
3,742
18,500
292,392
Disposals
(25,000)
-
-
(25,000)
At 31 January 2025
245,150
3,742
18,500
267,392
Depreciation
Charge for the year
-
3,742
3,330
7,072
At 31 January 2025
-
3,742
3,330
7,072
Net book value
At 31 January 2025
245,150
-
15,170
260,320
5
Debtors
2025
£
Amounts falling due within one year
Trade debtors
3,015
Other debtors
1,905
4,920
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Maincome Properties Limited Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
£
VAT
(9,354)
Trade creditors
3,120
Taxes and social security
145
Loans from directors
257,389
251,300
7
Average number of employees
During the year the average number of employees was 1.
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