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Registered number: 01619825
Maduce Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01619825
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,639,603 2,625,669
2,639,603 2,625,669
CURRENT ASSETS
Debtors 5 207,197 483,946
Cash at bank and in hand 334,661 48,398
541,858 532,344
Creditors: Amounts Falling Due Within One Year 6 (71,114 ) (85,027 )
NET CURRENT ASSETS (LIABILITIES) 470,744 447,317
TOTAL ASSETS LESS CURRENT LIABILITIES 3,110,347 3,072,986
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (286,627 ) (285,981 )
NET ASSETS 2,823,720 2,787,005
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 1,912,187 1,912,187
Profit and Loss Account 910,533 873,818
SHAREHOLDERS' FUNDS 2,823,720 2,787,005
Page 1
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For the year ending 31 May 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 D C Stedman
Director
20 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maduce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01619825 . The registered office is The Estate Office Unit 19, Star Trading Estate, Ponthir, Caerleon, Gwent, NP18 1PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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
Rental income includes rent and service charges due and is recognised in the Profit and Loss account on the accruals basis, meaning that income is accounted for in the financial period to which it relates, regardless of the timing of cash receipts or payment
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation considered necessary
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. 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. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost using the effective interest rate method, except for ordinary shares, which are measured at fair value, with changes recognised in the profit and loss.
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2.6. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Impairment
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.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. 
2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 June 2024 2,620,000 23,549 - 1,961 2,645,510
Additions - 4,592 11,350 - 15,942
As at 31 May 2025 2,620,000 28,141 11,350 1,961 2,661,452
Depreciation
As at 1 June 2024 - 19,053 - 788 19,841
Provided during the period - 960 813 235 2,008
As at 31 May 2025 - 20,013 813 1,023 21,849
Net Book Value
As at 31 May 2025 2,620,000 8,128 10,537 938 2,639,603
As at 1 June 2024 2,620,000 4,496 - 1,173 2,625,669
The properties were revalued by Cooke and Arkwright on 28 August 2024.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,538 13,527
Prepayments and accrued income 5,075 6,557
Other debtors 180,584 463,862
207,197 483,946
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,032 1,178
Other taxes and social security 11,325 13,363
Other creditors 42,003 66,743
Accruals and deferred income 14,754 3,743
71,114 85,027
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 1,723 1,077
Revaluation of investment properties 284,904 284,904
286,627 285,981
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
9. Related Party Transactions
A balance of £158,762 was outstanding at the year end with an entity under common control through Mr D C Stedman. Interest was charged on this balance. A balance of £12,142 was outstanding at the year end with an entity over which a MR D C Stedman has significant influence. No interest has been charged on this balance. A balance of £2,539 was outstanding at the year end with an entity that Mr D C Stedman resigned from in January 2025. No interest has been charged on this balance.
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