Maria Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00857992 (England and Wales)

Financial Statements for the Year Ended 31 December 2021

for

Maria Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M T Seal

REGISTERED OFFICE:

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

REGISTERED NUMBER:

00857992 (England and Wales)

ACCOUNTANTS:

W R Frost & Co

Chartered Accountants

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

FIXED ASSETS

Tangible assets

3

226

291

Investment property

4

385,000

385,000

385,226

385,291

CURRENT ASSETS

Cash in hand

100

100

CREDITORS

Amounts falling due within one year

5

233,398

233,428

NET CURRENT LIABILITIES

(233,298

)

(233,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

151,928

151,963

CREDITORS

Amounts falling due after more than one year

6

12,000

12,000

NET ASSETS

139,928

139,963

CAPITAL AND RESERVES

Called up share capital

100

100

Fixed Asset Revaluation Reserve

325,001

325,001

Profit and Loss Account

(185,173

)

(185,138

)

SHAREHOLDERS' FUNDS

139,928

139,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2022 and were signed by:

M T Seal - Director

1.	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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures, Fittings & Equipment

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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 Profit and Loss Account, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures,

Fittings

Computer

& Equipment

equipment

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

3,126

5,293

8,419

DEPRECIATION

At 1 January 2021

2,966

5,162

8,128

Charge for year

24

41

65

At 31 December 2021

2,990

5,203

8,193

NET BOOK VALUE

At 31 December 2021

136

90

226

At 31 December 2020

160

131

291

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

and 31 December 2021

385,000

NET BOOK VALUE

At 31 December 2021

385,000

At 31 December 2020

385,000

Fair value at 31 December 2021 is represented by:

£

Valuation in 2012

385,000

If the investment property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

135,100

135,100

The investment property was valued on an open market basis on 31 December 2012 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other creditors

233,398

233,428

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

12,000

12,000

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M T Seal.

9.	PROPERTY VALUATION

The property was valued on an open market basis in November 2009 by an independent valuer at £400,000 and was valued by the director on 31 December 2012 on an open market value basis at £385,000.