Company registration number 01687006 (England and Wales)
MAPLEBECK HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
MAPLEBECK HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
MAPLEBECK HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,476
2,913
Investment property
4
14,000,000
12,854,360
Investments
5
2
2
14,002,478
12,857,275
Current assets
Debtors
7
21,389
1,609,716
Cash at bank and in hand
1,040,016
591,759
1,061,405
2,201,475
Creditors: amounts falling due within one year
8
(1,097,014)
(1,315,960)
Net current (liabilities)/assets
(35,609)
885,515
Total assets less current liabilities
13,966,869
13,742,790
Provisions for liabilities
(662,853)
(382,470)
Net assets
13,304,016
13,360,320
Capital and reserves
Called up share capital
10
133,412
133,412
Capital redemption reserve
34,588
34,588
Profit and loss reserves
13,136,016
13,192,320
Total equity
13,304,016
13,360,320

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 June 2025 and are signed on its behalf by:
S J Cundy
Director
Company Registration No. 01687006
MAPLEBECK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Maplebeck Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Caunton House, 2 Coombe Road, Moorgreen Industrial Park, Nottingham, United Kingdom, NG16 3SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Rents receivable are included on an accruals basis, with annual rents credited to profit and loss on a straight line basis over the expected term of the lease.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
20% straight line
1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Investments held as fixed assets are shown at cost less provision for impairment.

1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

MAPLEBECK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MAPLEBECK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are enacted or substantively enacted at the balance sheet date. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Retirement benefits

The c ompany operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the c ompany pays fixed contributions into a separate entity. Once the contributions have been paid the c ompany has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the c ompany in independently administered funds

1.12

Interest income

Interest income is recognised in the statement of income and retained earnings using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
MAPLEBECK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 February 2024 (as restated) and 31 January 2025
3,686
153,440
9,853
166,979
Depreciation and impairment
At 1 February 2024 (as restated)
3,470
150,743
9,853
164,066
Depreciation charged in the year
33
404
-
0
437
At 31 January 2025
3,503
151,147
9,853
164,503
Carrying amount
At 31 January 2025
183
2,293
-
0
2,476
At 31 January 2024 (as restated)
216
2,697
-
0
2,913
4
Investment property
2025
£
Fair value
At 1 February 2024 (as restated)
12,854,360
Additions
24,610
Revaluations
1,121,030
At 31 January 2025
14,000,000

In January 2025, a desktop revaluation of the investment property portfolio was undertaken by NG Property Consultants LTD trading as N G Chartered Surveyors on a fair value (as an investment) basis.

5
Fixed asset investments
2025
2024
£
£
Investments in subsidiaries
2
2
6
Subsidiaries

Details of the company's subsidiaries at 31 January 2025 are as follows:

Name of undertaking
Registered office
Nature of Business
Byron Sheet Metal Limited
United Kingdom
Dormant company
CAD 3D Limited
United Kingdom
Dormant company
Tiger Steel Limited
United Kingdom
Dormant company
MAPLEBECK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,743
1,048
Amounts owed by group undertakings
-
0
1,588,090
Other debtors
18,646
20,578
21,389
1,609,716
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
12,358
2,394
Amounts owed to group undertakings
1,540
1,540
Corporation tax
230,212
126,922
Other taxation and social security
8,559
9,862
Other creditors
844,345
1,175,242
1,097,014
1,315,960
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
(681)
(806)
Revaluation of investment property
684,103
403,845
Losses
(20,569)
(20,569)
662,853
382,470
2025
Movements in the year:
£
Liability at 1 February 2024
382,470
Charge to profit or loss
280,383
Liability at 31 January 2025
662,853

MAPLEBECK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
133,412
133,412
133,412
133,412
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Ashley Conway
Statutory Auditor:
Azets Audit Services
12
Parent company

The immediate and ultimate parent company is Velocity Investments Limited (formerly Castlegate (No.6) Limited), incorporated and registered in England and Wales.

The ultimate controlling party was the Bingham family throughout the current and preceding years.

13
Prior year restatement

The prior year figures have been restated to show properties held for investment purposes, with a net book value of £12,854,360, as investment property rather than as a sub-category of tangible fixed assets. These assets were already held at fair value and not depreciated and so this restatement has no effect on reported profit or net assets in the prior year.

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