Maun Holdings Company Limited - Filleted accounts

Registered number

03558849

Maun Holdings Company Limited

Filleted Accounts

31 December 2025

Maun Holdings Company Limited
Registered number:		03558849
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		5,303,437			5,440,271
Investments	4		2,430,650			2,430,650
			7,734,087			7,870,921

Current assets
Debtors	5	66,102			70,981
Cash at bank and in hand		23,579			41,185
		89,681			112,166

Creditors: amounts falling due within one year	6	(279,037)			(251,111)

Net current liabilities			(189,356)			(138,945)

Total assets less current liabilities			7,544,731			7,731,976

Creditors: amounts falling due after more than one year	7		(4,934,645)			(5,087,511)



Net assets			2,610,086			2,644,465

Capital and reserves
Called up share capital			1,320			1,320
Profit and loss account			2,608,766			2,643,145

Shareholders' funds			2,610,086			2,644,465

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Sinasi Macit
Director
Approved by the board on 2 April 2026

Maun Holdings Company Limited
Notes to the Accounts
for the year ended 31 December 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2025	6,807,394		16,707		6,824,101
	At 31 December 2025	6,807,394		16,707		6,824,101

	Depreciation
	At 1 January 2025	1,367,124		16,706		1,383,830
	Charge for the year	136,834		-		136,834
	At 31 December 2025	1,503,958		16,706		1,520,664

	Net book value
	At 31 December 2025	5,303,436		1		5,303,437
	At 31 December 2024	5,440,270		1		5,440,271


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			7,870,919		6,807,394
	Cumulative depreciation based on historical cost			-		1,367,124
				7,870,919		5,440,270


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2025					2,430,650

	At 31 December 2025					2,430,650


5	Debtors			2025		2024
£					£

	Other debtors			66,102		70,981


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			446		995
	Trade creditors			86,002		40,052
	Taxation and social security costs			56,335		35,573
	Other creditors			136,254		174,491
				279,037		251,111


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,934,645		5,087,511


8	Loans			2025		2024
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			4,934,645		5,087,511


	Secured bank loans			4,934,645		5,087,511

	NatWest Bank holds a Legal Charge on the Freehold property and a Fixed and Floating Charge on all company assets.


9	Other information

	Maun Holdings Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	21-31 Shacklewell Lane
	London
	E8 2DA