ACCOUNTS - Final Accounts preparation

Company registration number: 07067489

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	MAK INDUSTRIES LIMITED


MAK INDUSTRIES LIMITED

COMPANY INFORMATION

Directors	M A Kempster
	N Kempster


Registered number	07067489


Registered office	Unit 1b Focus Four
	Fourth Avenue
	Letchworth Garden City
	SG6 2TU


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


MAK INDUSTRIES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


MAK INDUSTRIES LIMITED REGISTERED NUMBER:07067489

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets			41,745		53,963
Investments	5		984,020		1,101,923
Investment property	6		3,400,000		1,807,965
			4,425,765		2,963,851
Current assets
Debtors due within 1 year	7	33,164		8,461
Bank and cash balances		123,692		57,611
		156,856		66,072
Creditors: amounts falling due within one year	8	(686,208)		(663,322)
Net current liabilities			(529,352)		(597,250)
Total assets less current liabilities			3,896,413		2,366,601
Provisions for liabilities
Deferred tax		(374,904)		(13,498)
			(374,904)		(13,498)
Net assets			3,521,509		2,353,103

Capital and reserves
Called up share capital	2,000,000	2,000,000
Profit and loss account	1,521,509	353,103
	3,521,509	2,353,103

Page 1


MAK INDUSTRIES LIMITED REGISTERED NUMBER:07067489

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M A Kempster

Director

Date: 29 May 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


MAK INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Mak Industries 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised once the company has entitlement to the income, it is probable that the revenue will be received and the amount can be measured reliably.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement.

Page 3


MAK INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles

20%

on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


MAK INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	At 1 January 2025	61,090
	At 31 December 2025	61,090
	Depreciation
	At 1 January 2025	7,127
	Charge for the year on owned assets	12,218
	At 31 December 2025	19,345
	Net book value
	At 31 December 2025	41,745
	At 31 December 2024	53,963

5.	Fixed asset investments

	Investments in subsidiary companies	Listed investments	Total
	£	£	£
Cost or valuation
At 1 January 2025	300	1,101,623	1,101,923
Additions	-	242,287	242,287
Disposals	-	(390,642)	(390,642)
Revaluations	-	30,452	30,452
At 31 December 2025	300	983,720	984,020

Page 5


MAK INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	1,807,965
	Additions at cost	153,715
	Surplus on revaluation	1,438,320
	At 31 December 2025	3,400,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Trade debtors	5,050	4,520
Amounts owed by joint ventures and associated undertakings	1,959	1,582
Other debtors	23,937	360
Prepayments and accrued income	2,218	1,999
	33,164	8,461

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	3,307	-
Corporation tax	19,116	-
Other taxation and social security	-	663
Other creditors	647,907	646,878
Accruals and deferred income	15,878	15,781
	686,208	663,322

9.	Related party transactions
	At the reporting date the company owed £635,643 (2024: £634,614) to related parties. The balance can be found within creditors due within one year. No interest is being charged on this loan.

Page 6