REGISTERED NUMBER: 06193272 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAF ENGINEERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr M A Francis

Mrs D Francis

SECRETARY:

Mrs D Francis

REGISTERED OFFICE:

Tabora Cottage

Silkmore Lane

West Horsley

Surrey

KT24 6JB

REGISTERED NUMBER:

06193272 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

4

76

98

Investments

5

75

75

151

173

CURRENT ASSETS

Debtors

6

64,719

64,719

CREDITORS

Amounts falling due within one year

7

32,124

30,206

NET CURRENT ASSETS

32,595

34,513

TOTAL ASSETS LESS CURRENT LIABILITIES

32,746

34,686

CREDITORS

Amounts falling due after more than one year

8

(20,887

)

(20,887

)

PROVISIONS FOR LIABILITIES

9

(15

)

(24

)

NET ASSETS

11,844

13,775

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

11

11,834

13,765

SHAREHOLDERS' FUNDS

11,844

13,775

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.

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 15 December 2025 and were signed on its behalf by:

Mr M A Francis - Director

1.	STATUTORY INFORMATION

MAF Engineering Ltd is a private company, limited by shares, registered in England and Wales. The

company's registered number is 06193272 and registered office address is Tabora Cottage Silkmore Lane, West Horsley, Leatherhead, Surrey, England, KT24 6JB.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

The UK corporation tax rate was 19% up until 31 March 2023. From 1 April 2023, this rate increased to 25%, resulting in an overall corporation tax rate for 2024 of 25%. Deferred tax has been recognised, where applicable, at 25% on the basis that majority of these timing differences are expected to reverse at that rate. Future enacted changes to UK corporation tax rates would change the value of any deferred tax balances recognised.

Revenue recognition

Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of engineering services. Revenue is recognised as the contracts progress to reflect the partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

Debtors

Long term amount due from connected entity are measured at transaction price and intrest is charged to it.

Going concern

The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

534

2,595

3,129

DEPRECIATION

At 1 April 2024

500

2,531

3,031

Charge for year

6

16

22

At 31 March 2025

506

2,547

3,053

NET BOOK VALUE

At 31 March 2025

28

48

76

At 31 March 2024

34

64

98

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

75

NET BOOK VALUE

At 31 March 2025

75

At 31 March 2024

75

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Patty King Ltd

Registered office: 10 Kinghts Hill, West Norwood, London, SE27 0HY

Nature of business: Take away restaurant

%

Class of shares:

holding

Ordinary

75.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

(164,391

)

(141,147

)

Loss for the year

(23,720

)

(7,206

)

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

64,719

64,719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,000

7,000

Trade creditors

(2

)

-

Tax

23,355

21,915

Directors' current accounts

1,291

931

Accrued expenses

480

360

32,124

30,206

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

7,000

7,000

Bank loans - 2-5 years

13,887

13,887

20,887

20,887

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

15

24

Deferred

tax

£

Balance at 1 April 2024

24

Charge for the year

(9

)

Balance at 31 March 2025

15

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary

1

10

10

11.

RESERVES

Retained

earnings

£

At 1 April 2024

13,765

Deficit for the year

(1,931

)

At 31 March 2025

11,834

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MAF Engineering Ltd for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MAF Engineering Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MAF Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of MAF Engineering Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAF Engineering Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MAF Engineering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MAF Engineering Ltd. You consider that MAF Engineering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MAF Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

15 December 2025