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Company registration number: 02338756
Maestro Properties Limited
Unaudited filleted financial statements
31 December 2025
Maestro Properties Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Maestro Properties Limited
Directors and other information
Directors Mr A T Kasriel
Mrs J F Kasriel
Secretary Mrs J F Kasriel
Company number 02338756
Registered office 1-3 Canfield Place
London
NW6 3BT
Accountants Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
Maestro Properties Limited
Statement of financial position
31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 2,133,039 2,133,039
_______ _______
2,133,039 2,133,039
Current assets
Stocks - 70,454
Debtors 6 474,251 359,286
Cash at bank and in hand 1,744,221 1,577,663
_______ _______
2,218,472 2,007,403
Creditors: amounts falling due
within one year 7 ( 94,927) ( 104,731)
_______ _______
Net current assets 2,123,545 1,902,672
_______ _______
Total assets less current liabilities 4,256,584 4,035,711
Provisions for liabilities ( 75,069) ( 75,069)
_______ _______
Net assets 4,181,515 3,960,642
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 4,180,515 3,959,642
_______ _______
Shareholders funds 4,181,515 3,960,642
_______ _______
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 September 2026 , and are signed on behalf of the board by:
Mr A T Kasriel
Director
Company registration number: 02338756
Maestro Properties Limited
Statement of changes in equity
Year ended 31 December 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2024 1,000 3,769,141 3,770,141
Profit for the year 190,501 190,501
_______ _______ _______
Total comprehensive income for the year - 190,501 190,501
_______ _______ _______
At 31 December 2024 and 1 January 2025 1,000 3,959,642 3,960,642
Profit for the year 220,873 220,873
_______ _______ _______
Total comprehensive income for the year - 220,873 220,873
_______ _______ _______
At 31 December 2025 1,000 4,180,515 4,181,515
_______ _______ _______
Maestro Properties Limited
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1-3 Canfield Place, London, NW6 3BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents rent receivable during the year and construction projects invoiced.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Work in Progress
Work in Progress is measured at cost.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).
5. Tangible assets
Freehold property Long leasehold property Total
£ £ £
Cost
At 1 January 2025 and 31 December 2025 533,039 1,600,000 2,133,039
_______ _______ _______
Depreciation
At 1 January 2025 and 31 December 2025 - - -
_______ _______ _______
Carrying amount
At 31 December 2025 533,039 1,600,000 2,133,039
_______ _______ _______
At 31 December 2024 533,039 1,600,000 2,133,039
_______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 474,251 359,286
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 2,238 2,389
Corporation tax 73,615 63,500
Social security and other taxes 13,265 33,033
Other creditors 5,809 5,809
_______ _______
94,927 104,731
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A T Kasriel ( 809) - ( 809)
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A T Kasriel ( 200,809) 200,000 ( 809)
_______ _______ _______
Included in Debtors is an amount of £271,491 which is in respect of services provided by the Company to the Directors and their family on normal trade terms.
9. Controlling party
The company is controlled by its Directors by virtue of their majority shareholding.