MAFT Lettings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: NI681194

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		651,071		651,071

			651,071		651,071
CURRENT ASSETS
Debtors		4,082		3,803
Cash at bank and in hand		427		1,388

		4,509		5,191
Creditors: Amounts Falling Due Within One Year		(546,857 )		(576,041 )

NET CURRENT ASSETS (LIABILITIES)			(542,348 )		(570,850 )

TOTAL ASSETS LESS CURRENT LIABILITIES			108,723		80,221

NET ASSETS			108,723		80,221

CAPITAL AND RESERVES
Called up share capital	5		24		24
Revaluation reserve	6		52,873		52,873
Profit and Loss Account			55,826		27,324

SHAREHOLDERS' FUNDS			108,723		80,221

Page 1

Page 2

MAFT Lettings Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Farley

Director

27/07/2025

The notes on page 3 form part of these financial statements.

1. General Information

MAFT Lettings Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI681194 . The registered office is 47 Ballyhenry Road, Comber, Newtownards, County Down, BT23 5JZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 July 2024	651,071

As at 30 June 2025	651,071

Net Book Value
As at 30 June 2025	651,071

As at 1 July 2024	651,071

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	24	24

6. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 July 2024	52,873	27,324
Profit for the year and total comprehensive income	-	28,502

As at 30 June 2025	52,873	55,826