Maybrook Developments (Appley Bridge) Lt - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07191622 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2021

for

Maybrook Developments (Appley Bridge)

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P B G O'Dowd

REGISTERED OFFICE:

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

REGISTERED NUMBER:

07191622 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

2,660,000

2,660,000

2,660,000

2,660,000

CURRENT ASSETS

Debtors

6

350,572

469,510

Cash at bank

3,375

7,756

353,947

477,266

CREDITORS

Amounts falling due within one year

7

341,075

255,973

NET CURRENT ASSETS

12,872

221,293

TOTAL ASSETS LESS CURRENT LIABILITIES

2,672,872

2,881,293

CREDITORS

Amounts falling due after more than one year

8

(1,690,701

)

(1,700,702

)

PROVISIONS FOR LIABILITIES

(306,193

)

(269,926

)

NET ASSETS

675,978

910,665

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

1,344,552

1,442,134

Retained earnings

(668,674

)

(531,569

)

675,978

910,665

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2022 and were signed by:

P B G O'Dowd - Director

1.	STATUTORY INFORMATION

Maybrook Developments (Appley Bridge) Ltd 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 (£).

The comparative 2019 figures show the results for the fifteen month period ending 31 July 2019. The period having been extended to match with the parent company Maybrook Investments Limited.

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

and 31 July 2021

16,689

DEPRECIATION

At 1 August 2020

and 31 July 2021

16,689

NET BOOK VALUE

At 31 July 2021

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2020

and 31 July 2021

2,660,000

NET BOOK VALUE

At 31 July 2021

2,660,000

At 31 July 2020

2,660,000

Fair value at 31 July 2021 is represented by:

£

Valuation in 2016

652,060

Valuation in 2018

475,000

Valuation in 2019

585,000

Cost

947,940

2,660,000

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

31.7.21

31.7.20

£

£

Cost

947,940

947,940

The freehold investment properties were valued on a market value basis by Eddisons between January 2020 and March 2020. The director considers this confirms his assessment of the value of the properties at 31st July 2021.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Other debtors

350,572

469,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans and overdrafts

10,000

1,667

Trade creditors

57,091

63,378

Taxation and social security

112,392

52,789

Other creditors

161,592

138,139

341,075

255,973

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans

38,333

48,334

Amounts owed to group undertakings

1,652,368

1,652,368

1,690,701

1,700,702

9.	CONTINGENT LIABILITIES AND GUARANTEES

There are fixed and floating charges over the assets of the company in respect of loans included within the parent company Maybrook Investments Limited. At the balance sheet date the loans amounted to £4,252,755 (2020 £4,099,111)