Maybrook Properties Germany Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05691774 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2018

FOR

MAYBROOK PROPERTIES GERMANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Brotherton

REGISTERED OFFICE:

Vista Business Centre,

50 Salisbury Road,

Hounslow,

Middlesex

TW4 6JQ

REGISTERED NUMBER:

05691774 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

CURRENT ASSETS

Stocks

3

2,190,572

2,193,300

Debtors

4

26,280

209,434

Cash at bank

111,826

133,912

2,328,678

2,536,646

CREDITORS

Amounts falling due within one year

5

(2,121,890

)

(687,098

)

NET CURRENT ASSETS

206,788

1,849,548

TOTAL ASSETS LESS CURRENT LIABILITIES

206,788

1,849,548

CREDITORS

Amounts falling due after more than one year

6

-

(1,626,647

)

NET ASSETS

206,788

222,901

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

206,688

222,801

SHAREHOLDERS' FUNDS

206,788

222,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 28th March 2019 and were signed by:

A Brotherton - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

STOCKS

2018

2017

£

£

Properties held for resale

2,190,572

2,193,300

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

26,280

209,434

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

50,022

Amounts owed to group undertakings

172,800

172,800

Other creditors

1,949,090

464,276

2,121,890

687,098

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 1-5 years

-

175,000

Bank loans more 5 yr by instal

-

1,451,647

-

1,626,647

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,451,647

7.	ULTIMATE CONTROLLING PARTY