REGISTERED NUMBER: 04721126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAXTAPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Jones

R Webster-Shaw

SECRETARY:

R Webster-Shaw

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

04721126 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

62,766

69,923

CURRENT ASSETS

Stocks

51,360

36,500

Debtors

5

153,714

154,688

Cash at bank and in hand

334,371

291,346

539,445

482,534

CREDITORS

Amounts falling due within one year

6

(322,246

)

(321,118

)

NET CURRENT ASSETS

217,199

161,416

TOTAL ASSETS LESS CURRENT LIABILITIES

279,965

231,339

CREDITORS

Amounts falling due after more than one year

7

-

(44,301

)

NET ASSETS

279,965

187,038

CAPITAL AND RESERVES

Called up share capital

10

300

300

Retained earnings

279,665

186,738

SHAREHOLDERS' FUNDS

279,965

187,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

R Webster-Shaw - Director

1.	STATUTORY INFORMATION

Maxtape 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.

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.

Turnover

Turnover represents amounts receivable for sale of food and beverages net of VAT. Sales are recognised at the point of supply to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

evenly over the period of the lease

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

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.

Retirement benefits

The company contributes to a defined contribution scheme for the benefit of certain of its employees.

Contributions payable are charged to the profit and loss account in the year they are payable.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

131,367

142,654

112,419

386,440

Additions

-

1,634

10,539

12,173

At 31 March 2025

131,367

144,288

122,958

398,613

DEPRECIATION

At 1 April 2024

101,175

119,882

95,460

316,517

Charge for year

2,201

8,054

9,075

19,330

At 31 March 2025

103,376

127,936

104,535

335,847

NET BOOK VALUE

At 31 March 2025

27,991

16,352

18,423

62,766

At 31 March 2024

30,192

22,772

16,959

69,923

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

153,714

154,688

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

40,000

Trade creditors

76,188

64,904

Taxation and social security

210,080

177,707

Other creditors

35,978

38,507

322,246

321,118

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

44,301

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

79,000

76,000

Between one and five years

316,000

304,000

In more than five years

261,890

327,945

656,890

707,945

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

-

84,301

Bank loans are secured by fixed and floating charges over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

300

Ordinary

£1

300

300

11.	PARENT COMPANY

Natural Venues Ltd is the parent company, whose registered office address is 55 Loudoun Road, St John's Wood, London, NW8 0DL.