Maxwell 2006 Ltd - Period Ending 2021-03-31

Maxwell 2006 Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Maxwell 2006 Ltd

Company Information

Directors

Mr A Wilson Mrs N J Wilson

Company secretary

Mr A Wilson

Registered office

161 College Street St Helens Merseyside WA10 1TY

Accountants

Kingham Accountants Limited Chartered Accountants 161 College Street St Helens Merseyside WA10 1TY

Maxwell 2006 Ltd

(Registration number: 05937586)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets		25,604	-
Investment property	4	207,910	390,386
Investments		-	2
		233,514	390,388
Current assets
Debtors	5	-	1,000
Cash at bank and in hand		251,713	9,335
		251,713	10,335
Creditors: Amounts falling due within one year	6	(301,338)	(282,104)
Net current liabilities		(49,625)	(271,769)
Total assets less current liabilities		183,889	118,619
Creditors: Amounts falling due after more than one year	6	(6,500)	-
Net assets		177,389	118,619
Capital and reserves
Called up share capital	7	2	2
Profit and loss account		177,387	118,617
Shareholders' funds		177,389	118,619

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 December 2021 and signed on its behalf by:
 

Maxwell 2006 Ltd

(Registration number: 05937586)
Balance Sheet as at 31 March 2021

......................................... Mr A Wilson Director

Maxwell 2006 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
161 College Street
St Helens
Merseyside
WA10 1TY
United Kingdom

The principal place of business is:
161 College Street
St Helens
Merseyside
WA10 1TY
United Kingdom

These financial statements were authorised for issue by the Board on 14 December 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2020 - 1).

4	Investment properties

	2021 £
At 1 April	390,386
Disposals	(182,476)
At 31 March	207,910

Maxwell 2006 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

There has been no valuation of investment property by an independent valuer.

5

Debtors

	Note	2021 £	2020 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	9	-	1,000
		-	1,000

Maxwell 2006 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Taxation and social security	8,717	2,766
Accruals and deferred income	1,204	1,204
Other creditors	291,417	278,134
	301,338	282,104

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	8	6,500	-

7	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary share of £1 each	2	2	2	2

8	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Bank borrowings	6,500	-

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

Maxwell 2006 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

	2021 £	2020 £
Remuneration	8,784	7,909
Contributions paid to money purchase schemes	2,806	2,290
	11,590	10,199