1 November 2024 false No description of principal activity Taxfiler 2024.6 07365664 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 07365664 2024-10-31 07365664 2024-11-01 2025-10-31 07365664 business:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 07365664 business:FilletedAccounts 2024-11-01 2025-10-31 07365664 2025-10-31 07365664 business:Director1 2024-11-01 2025-10-31 07365664 business:CompanySecretary1 2024-11-01 2025-10-31 07365664 business:RegisteredOffice 2024-11-01 2025-10-31 07365664 2024-10-31 07365664 core:WithinOneYear 2025-10-31 07365664 core:WithinOneYear 2024-10-31 07365664 core:AfterOneYear 2025-10-31 07365664 core:AfterOneYear 2024-10-31 07365664 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 07365664 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 07365664 core:SharePremium core:PreviouslyStatedAmount 2025-10-31 07365664 core:SharePremium core:PreviouslyStatedAmount 2024-10-31 07365664 core:RevaluationReserve core:PreviouslyStatedAmount 2025-10-31 07365664 core:RevaluationReserve core:PreviouslyStatedAmount 2024-10-31 07365664 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 07365664 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 07365664 core:PreviouslyStatedAmount 2025-10-31 07365664 core:PreviouslyStatedAmount 2024-10-31 07365664 business:SmallEntities 2024-11-01 2025-10-31 07365664 countries:EnglandWales 2024-11-01 2025-10-31 07365664 core:MotorVehicles 2024-11-01 2025-10-31 07365664 core:FurnitureFittings 2024-11-01 2025-10-31 07365664 core:LandBuildings 2024-10-31 07365664 core:MotorVehicles 2024-10-31 07365664 core:FurnitureFittings 2024-10-31 07365664 core:LandBuildings 2025-10-31 07365664 core:MotorVehicles 2025-10-31 07365664 core:FurnitureFittings 2025-10-31 07365664 core:LandBuildings 2024-11-01 2025-10-31 07365664 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 07365664 (England and Wales)
Maplefield Properties Ltd Unaudited accounts for the year ended 31 October 2025
Maplefield Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Maplefield Properties Ltd Company Information for the year ended 31 October 2025
Director
Mr Dilip Dhanak
Secretary
Mrs Taruna Dhanak
Company Number
07365664 (England and Wales)
Registered Office
28 High Road London N2 9PJ ENGLAND
- 3 -
Maplefield Properties Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,331,347
9,335,878
Current assets
Debtors
5
2,388,638
1,942,470
Cash at bank and in hand
118,016
25,851
2,506,654
1,968,321
Creditors: amounts falling due within one year
6
(348,885)
(359,993)
Net current assets
2,157,769
1,608,328
Total assets less current liabilities
11,489,116
10,944,206
Creditors: amounts falling due after more than one year
7
(2,406,855)
(1,998,129)
Provisions for liabilities
Deferred tax
(695,388)
(698,843)
Net assets
8,386,873
8,247,234
Capital and reserves
Called up share capital
1,001
1,001
Share premium
3,899,000
3,899,000
Revaluation reserve
3,088,192
3,088,192
Profit and loss account
1,398,680
1,259,041
Shareholders' funds
8,386,873
8,247,234
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 23 July 2026 and were signed on its behalf by
Mr Dilip Dhanak Director Company Registration No. 07365664
- 4 -
Maplefield Properties Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Maplefield Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 07365664. The registered office is 28 High Road, London, N2 9PJ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair values of the properties at 31 October 2024 was £9,317,528 (2024 - £9,317,528) and the fair valuation has been arrived at the balance sheet date by the director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in and around its location and takes into account the state of the rental market in the area where these properties are situated. The historical cost of the properties is £6,229,336.
Hire purchase and finance leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Maplefield Properties Ltd Notes to the Accounts for the year ended 31 October 2025
Financial instruments
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.
Deferred taxation
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.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
9,317,528
99,781
3,222
9,420,531
At 31 October 2025
9,317,528
99,781
3,222
9,420,531
Depreciation
At 1 November 2024
-
82,569
2,084
84,653
Charge for the year
-
4,303
228
4,531
At 31 October 2025
-
86,872
2,312
89,184
Net book value
At 31 October 2025
9,317,528
12,909
910
9,331,347
At 31 October 2024
9,317,528
17,212
1,138
9,335,878
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
10,536
22,818
Accrued income and prepayments
2,568
4,174
Other debtors
2,375,534
1,915,478
2,388,638
1,942,470
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
84,269
77,265
Trade creditors
3,836
1,129
Taxes and social security
47,538
58,626
Other creditors
184,787
188,485
Loans from directors
168
56
Accruals
28,287
11,112
Deferred income
-
23,320
348,885
359,993
- 6 -
Maplefield Properties Ltd Notes to the Accounts for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,406,855
1,998,129
8
Transactions with related parties
At the year end, Precious Homes Limited, a company controlled by a close family member of the director, Mr D G Dhanak, was owed £169,439 by the company (2024: £169,957). An amount of £1,442,634 (2024: £1,512,732) was also loaned by the company to Maplefield Developments Ltd, a company controlled by the director. In addition an amount of £400,181 (2024: £371,611) was advanced by way of a loan to Harmony Housing Ltd, a company controlled jointly by the director and a close family member of the director.
9
Average number of employees
During the year the average number of employees was 5 (2024: 6).
- 7 -