Maytree Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04337159

Maytree Group Limited

Filleted Unaudited Financial Statements

31 March 2025

Maytree Group Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	1,595,236	1,838,037
Investments	6	2	2
		------------	------------
		1,595,238	1,838,039

Current assets

Debtors	7	621,699	618,357
Cash at bank and in hand		80,694	26,774
		---------	---------
		702,393	645,131

Creditors: amounts falling due within one year	8	456,729		181,472
		---------		---------
Net current assets			245,664	463,659
			------------	------------
Total assets less current liabilities			1,840,902	2,301,698

Creditors: amounts falling due after more than one year	9	835,000	1,199,149
		------------	------------
Net assets		1,005,902	1,102,549
		------------	------------

Capital and reserves

Called up share capital	500,000	500,000
Profit and loss account	505,902	602,549
	------------	------------
Shareholders funds	1,005,902	1,102,549
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Maytree Group Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

N M Upton
Director

Company registration number: 04337159

Maytree Group Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Norfolk House, 90 Grey Street, Newcastle Upon Tyne, NE1 6BZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

The turnover shown in the profit and loss account represents rents receivable during the year, exclusive of Value Added Tax.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	20% straight line

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 with changes in fair value recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Investment properties	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	1,830,000	14,005	1,844,005
Disposals	( 240,000)	–	( 240,000)
	------------	--------	------------
At 31 March 2025	1,590,000	14,005	1,604,005
	------------	--------	------------
Depreciation
At 1 April 2024	–	5,968	5,968
Charge for the year	–	2,801	2,801
	------------	--------	------------
At 31 March 2025	–	8,769	8,769
	------------	--------	------------
Carrying amount
At 31 March 2025	1,590,000	5,236	1,595,236
	------------	--------	------------
At 31 March 2024	1,830,000	8,037	1,838,037
	------------	--------	------------

Investment properties were valued by the director at 31 March 2025 at an open market valuation based on an independent valuation.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	2
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	2
	----
At 31 March 2024	2
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	4,700	11,778
Other debtors	616,999	606,579
	---------	---------
	621,699	618,357
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	164,000	17,000
Trade creditors	44,742	13,026
Social security and other taxes	–	17,075
Other creditors	247,987	134,371
	---------	---------
	456,729	181,472
	---------	---------

Bank loans and overdrafts totalling £164,000 (2024: £17,000) are secured by a charge over the company's assets.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	364,149
Other creditors	835,000	835,000
	---------	------------
	835,000	1,199,149
	---------	------------

Bank loans and overdrafts totalling £Nil (2024: £364,149) are secured by a charge over the company's assets.