Maia Pictures Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11897712 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

MAIA PICTURES LTD

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

Ms R K Springett

REGISTERED OFFICE:

5 North Hill Avenue

London

N6 4RJ

REGISTERED NUMBER:

11897712 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

CURRENT ASSETS

9,123

1,607

CREDITORS

Amounts falling due within one year

(38,180

)

(18,002

)

NET CURRENT LIABILITIES

(29,057

)

(16,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,057

)

(16,395

)

CREDITORS

Amounts falling due after more than one year

50,000

-

NET LIABILITIES

(79,057

)

(16,395

)

CAPITAL AND RESERVES

(79,057

)

(16,395

)

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

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

2.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2020 and the period ended 31 December 2019:

2020

2019

£

£

Ms R K Springett

Balance outstanding at start of year

(9,166

)

-

Amounts advanced

8,809

-

Amounts repaid

(520

)

(9,166

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(877

)

(9,166

)

This balance represented the maximum amount outstanding during the period.

3.	POST BALANCE SHEET EVENTS

Before the balance sheet date and prior to the approval of these accounts, an outbreak of the COVID-19 virus occurred causing a global pandemic recognised by the World Health Organisation (WHO).

The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work from home if available and to undertake "social distancing" measures. Part of the government action has been to order businesses where people gather socially to close temporarily.

In response to this management of the company have assessed the impact of these measures and have applied to take up the UK Government's unprecedented business aid package.

The directors continue to monitor the situation as it rapidly changes and will react to further developments.

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 6 July 2021 and were signed by:

Ms R K Springett - Director