IRIS Accounts Production v25.3.0.601 04721126 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04721126 2024-03-31 04721126 2025-03-31 04721126 2024-04-01 2025-03-31 04721126 2023-03-31 04721126 2023-04-01 2024-03-31 04721126 2024-03-31 04721126 ns15:EnglandWales 2024-04-01 2025-03-31 04721126 ns14:PoundSterling 2024-04-01 2025-03-31 04721126 ns10:Director1 2024-04-01 2025-03-31 04721126 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04721126 ns10:SmallEntities 2024-04-01 2025-03-31 04721126 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04721126 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 04721126 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04721126 ns10:FullAccounts 2024-04-01 2025-03-31 04721126 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 04721126 ns10:Director2 2024-04-01 2025-03-31 04721126 ns10:CompanySecretary1 2024-04-01 2025-03-31 04721126 ns10:RegisteredOffice 2024-04-01 2025-03-31 04721126 ns5:CurrentFinancialInstruments 2025-03-31 04721126 ns5:CurrentFinancialInstruments 2024-03-31 04721126 ns5:Non-currentFinancialInstruments 2025-03-31 04721126 ns5:Non-currentFinancialInstruments 2024-03-31 04721126 ns5:ShareCapital 2025-03-31 04721126 ns5:ShareCapital 2024-03-31 04721126 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04721126 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 04721126 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 04721126 ns5:PlantMachinery 2024-04-01 2025-03-31 04721126 ns5:FurnitureFittings 2024-04-01 2025-03-31 04721126 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 04721126 ns5:PlantMachinery 2024-03-31 04721126 ns5:FurnitureFittings 2024-03-31 04721126 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-03-31 04721126 ns5:PlantMachinery 2025-03-31 04721126 ns5:FurnitureFittings 2025-03-31 04721126 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 04721126 ns5:PlantMachinery 2024-03-31 04721126 ns5:FurnitureFittings 2024-03-31 04721126 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 04721126 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 04721126 ns5:WithinOneYear 2025-03-31 04721126 ns5:WithinOneYear 2024-03-31 04721126 ns5:BetweenOneFiveYears 2025-03-31 04721126 ns5:BetweenOneFiveYears 2024-03-31 04721126 ns5:MoreThanFiveYears 2025-03-31 04721126 ns5:MoreThanFiveYears 2024-03-31 04721126 ns5:AllPeriods 2025-03-31 04721126 ns5:AllPeriods 2024-03-31 04721126 ns5:Secured 2025-03-31 04721126 ns5:Secured 2024-03-31 04721126 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 04721126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAXTAPE LIMITED

MAXTAPE LIMITED (REGISTERED NUMBER: 04721126)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MAXTAPE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | J Jones

| R Webster-Shaw

| SECRETARY: | R Webster-Shaw

| REGISTERED OFFICE: | 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 04721126 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

MAXTAPE LIMITED (REGISTERED NUMBER: 04721126)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 62,766 |  | 69,923 |  |

CURRENT ASSETS

Stocks | 51,360 |  | 36,500 |  |

Debtors | 5 | 153,714 |  | 154,688 |  |

Cash at bank and in hand | 334,371 |  | 291,346 |  |

539,445 |  | 482,534 |  |

CREDITORS

Amounts falling due within one year | 6 | (322,246 | ) | (321,118 | ) |

NET CURRENT ASSETS | 217,199 |  | 161,416 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 279,965 |  | 231,339 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (44,301 | ) |

NET ASSETS | 279,965 |  | 187,038 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 300 |  | 300 |  |

Retained earnings | 279,665 |  | 186,738 |  |

SHAREHOLDERS' FUNDS | 279,965 |  | 187,038 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MAXTAPE LIMITED (REGISTERED NUMBER: 04721126)

BALANCE SHEET - continued

31 MARCH 2025

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 13 November 2025 and were signed on its behalf by:

R Webster-Shaw - Director

MAXTAPE LIMITED (REGISTERED NUMBER: 04721126)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Maxtape 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.

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 represents amounts receivable for sale of food and beverages net of VAT. Sales are recognised at the point of supply to the customer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Long leasehold | - | evenly over the period of the lease

| Plant and machinery | - | 33% on reducing balance

| Fixtures and fittings | - | 33% on reducing balance

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Taxation

| 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.

| Retirement benefits

| The company contributes to a defined contribution scheme for the benefit of certain of its employees.

| Contributions payable are charged to the profit and loss account in the year they are payable.

MAXTAPE LIMITED (REGISTERED NUMBER: 04721126)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 33 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | Plant and |  | and |

| leasehold |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 131,367 |  | 142,654 |  | 112,419 |  | 386,440 |  |

| Additions | - |  | 1,634 |  | 10,539 |  | 12,173 |  |

| At 31 March 2025 | 131,367 |  | 144,288 |  | 122,958 |  | 398,613 |  |

| DEPRECIATION

| At 1 April 2024 | 101,175 |  | 119,882 |  | 95,460 |  | 316,517 |  |

| Charge for year | 2,201 |  | 8,054 |  | 9,075 |  | 19,330 |  |

| At 31 March 2025 | 103,376 |  | 127,936 |  | 104,535 |  | 335,847 |  |

| NET BOOK VALUE

| At 31 March 2025 | 27,991 |  | 16,352 |  | 18,423 |  | 62,766 |  |

| At 31 March 2024 | 30,192 |  | 22,772 |  | 16,959 |  | 69,923 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 153,714 |  | 154,688 |  |

MAXTAPE LIMITED (REGISTERED NUMBER: 04721126)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | - |  | 40,000 |  |

| Trade creditors | 76,188 |  | 64,904 |  |

| Taxation and social security | 210,080 |  | 177,707 |  |

| Other creditors | 35,978 |  | 38,507 |  |

322,246 |  | 321,118 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | - |  | 44,301 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 79,000 |  | 76,000 |  |

| Between one and five years | 316,000 |  | 304,000 |  |

| In more than five years | 261,890 |  | 327,945 |  |

656,890 |  | 707,945 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | - |  | 84,301 |  |

| Bank loans are secured by fixed and floating charges over the company's assets.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 300 | Ordinary | £1 | 300 |  | 300 |  |

11. | PARENT COMPANY

| Natural Venues Ltd is the parent company, whose registered office address is 55 Loudoun Road, St John's Wood, London, NW8 0DL.