Company Registration No. SC304519 (Scotland)
Maydos Developments Limited
Unaudited accounts
for the year ended 30 June 2025
Maydos Developments Limited
Unaudited accounts
Contents
Maydos Developments Limited
Company Information
for the year ended 30 June 2025
Directors
Susan Aktemel
Dogan Aktemel
Company Number
SC304519 (Scotland)
Registered Office
22 Craigpark
Glasgow
G31 2LZ
Accountants
Arran Accountancy Limited
Alexanders
Brodick
Isle of Arran
KA27 8HF
Maydos Developments Limited
Statement of financial position
as at 30 June 2025
Investment property
489,772
850,766
Cash at bank and in hand
2,079
5,776
Creditors: amounts falling due within one year
(48,318)
(89,768)
Net current liabilities
(38,429)
(79,575)
Total assets less current liabilities
451,849
771,866
Creditors: amounts falling due after more than one year
(164,985)
(428,319)
Net assets
286,864
343,547
Called up share capital
2
2
Fair value reserve
121,345
172,269
Profit and loss account
165,517
171,276
Shareholders' funds
286,864
343,547
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by
Susan Aktemel
Director
Company Registration No. SC304519
Maydos Developments Limited
Notes to the Accounts
for the year ended 30 June 2025
Maydos Developments Limited is a private company, limited by shares, registered in Scotland, registration number SC304519. The registered office is 22 Craigpark, Glasgow, G31 2LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Maydos Developments Limited
Notes to the Accounts
for the year ended 30 June 2025
4
Tangible fixed assets
Computer equipment
Fair value at 1 July 2024
850,766
Net loss from fair value adjustments
(50,925)
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,395
25,251
Trade creditors
12,054
14,397
Taxes and social security
5,140
24,807
Other creditors
3,571
9,155
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
119,040
267,411
Loans from directors
45,945
160,908
Maydos Developments Limited
Notes to the Accounts
for the year ended 30 June 2025
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).