REGISTERED NUMBER: 11701000 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Maxstone Residential Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Gow

REGISTERED OFFICE:

Leofric House

18B Binley Road

Coventry

West Midlands

CV3 1JN

REGISTERED NUMBER:

11701000 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Investment property

4

1,139,442

1,139,442

CURRENT ASSETS

Debtors

5

796

2,003

Cash at bank

1,903

2,176

2,699

4,179

CREDITORS

Amounts falling due within one year

6

10,800

8,599

NET CURRENT LIABILITIES

(8,101

)

(4,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,131,341

1,135,022

CREDITORS

Amounts falling due after more than one year

7

1,344,194

1,269,110

NET LIABILITIES

(212,853

)

(134,088

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(212,953

)

(134,188

)

(212,853

)

(134,088

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2026 and were signed by:

R L Gow - Director

1.	STATUTORY INFORMATION

Maxstone Residential Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The director notes the continued losses and net liabilities of the company.

While the company has significant debt and interest expense, the director is confident that occupancy rates will increase in the future, with a corresponding increase in rental income and profitability.

In the short term, the director and companies under the director's control will continue to provide financial support. As such, the director considers that the company is a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,139,442

NET BOOK VALUE

At 31 March 2026

1,139,442

At 31 March 2025

1,139,442

The investment property is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. The property has not been subject to an independent professional valuation since acquisition. Based on her assessment of available market information and knowledge of the property and local market conditions, the Director considers that the property's acquisition cost of £1,139,442 remains a reasonable approximation of its fair value at the reporting date. Accordingly, no fair value adjustment has been recognised in the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Directors' current accounts

-

822

Prepayments

796

1,181

796

2,003

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts (see note 8)

6,458

6,458

Trade creditors

1,834

-

Accrued expenses

2,508

2,141

10,800

8,599

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans (see note 8)

557,918

563,399

Other creditors

786,276

705,711

1,344,194

1,269,110

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

532,086

537,567

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Bank loans

6,458

6,458

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,458

6,458

Amounts falling due between two and five years:

Bank loans - 2-5 years

19,374

19,374

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

532,086

537,567

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

564,376

569,857

The above loans are secured by way of a fixed legal charge over certain investment properties.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

R L Gow

Balance outstanding at start of year

822

(541,791

)

Amounts advanced

5,120

542,613

Amounts repaid

(5,942

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

822

11.	RELATED PARTY DISCLOSURES

Other Creditors includes £635,342 (2025: £587,195) owed to ITUS Group Limited, £140,986 (2025: £113,066) owed to Maxstone Commercial Property Limited and £5,897 (2025: £5,450) owed to Misoft Marketing Limited.

Interest has been charged on these loans at market rates. All three companies are controlled by R L Gow, the director.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R L Gow.