Company registration number 03729797 (England and Wales)
MAYA DEVELOPMENTS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
MAYA DEVELOPMENTS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
MAYA DEVELOPMENTS LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
31 December 2025
31 July 2024
Notes
£
£
£
£
Fixed assets
Investment property
4
3,505,050
3,505,050
Investments
5
613,312
613,312
4,118,362
4,118,362
Current assets
Debtors
8
7,883,675
7,956,240
Cash at bank and in hand
169,580
2,179
8,053,255
7,958,419
Creditors: amounts falling due within one year
9
(4,604,701)
(6,855,671)
Net current assets
3,448,554
1,102,748
Total assets less current liabilities
7,566,916
5,221,110
Creditors: amounts falling due after more than one year
10
(2,614,850)
(2,784,584)
Provisions for liabilities
Deferred tax liability
12
207,411
201,686
(207,411)
(201,686)
Net assets
4,744,655
2,234,840
Capital and reserves
Called up share capital
14
100
100
Revaluation reserve
1,390,846
1,390,846
Profit and loss reserves
3,353,709
843,894
Total equity
4,744,655
2,234,840

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 June 2026 and are signed on its behalf by:
Mr Y Ella
Director
Company registration number 03729797 (England and Wales)
MAYA DEVELOPMENTS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 August 2023
100
1,505,495
760,833
2,266,428
Year ended 31 July 2024:
Loss
-
-
(31,588)
(31,588)
Other comprehensive income:
Revaluation
-
(114,649)
114,649
-
Total comprehensive income
-
(114,649)
83,061
(31,588)
Balance at 31 July 2024
100
1,390,846
843,894
2,234,840
Year ended 31 July 2025:
Profit and total comprehensive income
-
-
2,509,815
2,509,815
Balance at 31 July 2025
100
1,390,846
3,353,709
4,744,655
MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

MAYA Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5.2 Central House, 1 Ballards Lane, London, N3 1LQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company achieved profit this year and has a substantial positive capital and reserve and substantial net current asset position. In addition, the company continues to be profitable in the period after year end up to the date of signing the accounts and had a positive operating cash flow in 2025 and will continue to have a positive cash flow during the next 12 months, which is sufficient to cover the company's cash flow requirements.

1.3
Tangible fixed assets
Fixtures and fittings
20
%
Computers
30
%
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
4,704
9,980
14,684
Depreciation and impairment
At 1 August 2024 and 31 July 2025
4,704
9,980
14,684
Carrying amount
At 31 July 2025
-
0
-
0
-
0
At 31 July 2024
-
0
-
0
-
0
4
Investment property
2025
£
Fair value
At 1 August 2024 and 31 July 2025
3,505,050

The value of the property is included in accordance with valuation made during October 2024 by an external

valuer on the basis of market value.

There is a fixed charge on the investment properties to secure a loan advanced by the bank.

5
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
6
613,312
613,312
MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
6
Subsidiaries

Details of the company's subsidiaries at 31 July 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Repairsecond Ltd
5.2 1 Ballards Lane N3 1LQ
Ordinary
100
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
30,595
Amounts owed by group undertakings
-
0
260,791
Other debtors
60,705
28,309
Prepayments and accrued income
18,709
-
0
79,414
319,695
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings. A 3% interest is charged on the loan.
7,804,261
7,636,545
7,804,261
7,636,545
Total debtors
7,883,675
7,956,240
MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
9
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
11
4,300,000
3,700,000
Short-term borrowings - Directors loans
ST
120,000
462,495
Trade creditors
4,550
15,984
Amounts owed to group undertakings
-
0
2,401,258
VAT
23,774
52,731
Deferred income
13
55,297
55,297
Accruals and deferred income
101,080
167,906
4,604,701
6,855,671
The bank loan facility is renewed every 6 months. The company expects to sign a long term borrowing loan agreement during 2027.
10
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Long-term borrowings - Directors loans
LT
2,614,850
2,784,584
11
Loans and overdrafts
2025
2024
£
£
Bank loans
4,300,000
3,700,000
Other loans - Directors Loans
2,734,850
3,247,079
7,034,850
6,947,079
Payable within one year
4,420,000
4,162,495
Payable after one year
2,614,850
2,784,584

The bank loan facility is renewed every 6 months. The company expects to sign a long term borrowing loan agreement during 2027.

The bank loan is secured by fixed charges over the company's investment properties and its subsidiary -Repairsecond Ltd's investment properties.

MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
12
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
207,411
201,686
The deferred tax liability set out above relates to the revaluation of investment properties.
13
Deferred income
2025
2024
£
£
Other deferred income
55,297
55,297
14
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 at £1 each
100
100
100
100
15
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

We have audited the financial statements of Maya Developments Limited for the year ended 31 July 2025 which comprise of the income statement, the statement of financial position, the statement of changes in equity and related notes. The financial reporting framework that has been applied in their preparation is applicable law and the provisions of FRS 102 Section 1A Small Entities.
In our opinion the financial statements: |
- give a true and fair view of the company's affairs as at 31 July 2025 and of its profit for the |
year then ended; |
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice applicable to Smaller Entities; and |
- have been properly prepared in accordance with the requirements of the Companies Act 2006; |

MAYA DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
15
Audit report information
(Continued)
- 9 -
Senior Statutory Auditor:
Ran Shahmoon
Statutory Auditor:
Shahmoon & Co
Date of audit report:
22 June 2026
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