Mauriac Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03338159 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Mauriac Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W N Francis

REGISTERED OFFICE:

The Hollies

Horton

Gower

Swansea

West Glamorgan

SA3 1LQ

REGISTERED NUMBER:

03338159 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

225,981

226,071

CURRENT ASSETS

Cash at bank

79,781

88,413

CREDITORS

Amounts falling due within one year

5

54,756

36,377

NET CURRENT ASSETS

25,025

52,036

TOTAL ASSETS LESS CURRENT
LIABILITIES

251,006

278,107

PROVISIONS FOR LIABILITIES

6

22

32

NET ASSETS

250,984

278,075

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

250,982

278,073

SHAREHOLDERS' FUNDS

250,984

278,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 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 director and authorised for issue on
6 October 2020 and were signed by:

W N Francis - Director

1.	STATUTORY INFORMATION

Mauriac 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 rents received.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

25% on reducing balance

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 April 2019

and 31 March 2020

225,709

6,467

232,176

DEPRECIATION

At 1 April 2019

-

6,105

Charge for year

-

90

At 31 March 2020

-

6,195

NET BOOK VALUE

At 31 March 2020

225,709

272

225,981

At 31 March 2019

225,709

362

226,071

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

Amounts owed to related undertakings

13,274

Taxation and social security

5,619

4,923

Other creditors

35,863

18,180

54,756

36,377

6.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

Deferred tax

22

32

Deferred

tax

£

Balance at 1 April 2019

32

Credit to Income Statement during year

(10

)

Balance at 31 March 2020

22

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2019 - £16,000) were paid to the director .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is W N Francis.

Mauriac Limited - Accounts to registrar (filleted) - small 18.2

Mauriac Limited - Accounts to registrar (filleted) - small 18.2