Maple Centre Ltd - Accounts to registrar (filleted) - small 18.2
Maple Centre Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| FOR |
| MAPLE CENTRE LTD |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| MAPLE CENTRE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 115 Craven Park Road |
| South Tottenham |
| London |
| N15 6BL |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JANUARY 2022 |
| 31.1.22 | 31.1.21 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve | 13 |
| Retained earnings | 13 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 JANUARY 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorized for issue by the director and authorised for issue on |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| 1. | STATUTORY INFORMATION |
| Maple Centre Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Improvements to property | - |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2021 |
| and 31 January 2022 |
| DEPRECIATION |
| At 1 February 2021 |
| Charge for year |
| At 31 January 2022 |
| NET BOOK VALUE |
| At 31 January 2022 |
| At 31 January 2021 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2021 |
| Revaluations | 353,000 |
| At 31 January 2022 |
| NET BOOK VALUE |
| At 31 January 2022 |
| At 31 January 2021 |
| Fair value at 31 January 2022 is represented by: |
| £ |
| Valuation in 2021 | 500,000 |
| Valuation in 2022 | 353,000 |
| Cost | 1,400,000 |
| 2,253,000 |
| The fair value of Investment property was determined by the director after considering impact on the property value due to its overall condition, marketability, general economic factor, rent demand and his extensive property market experience. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.22 | 31.1.21 |
| £ | £ |
| Other debtors |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.22 | 31.1.21 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.22 | 31.1.21 |
| £ | £ |
| Bank loans (see note 10) |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 311,832 |
| Other loans more 5yrs instal | 34,664 | - |
| 34,664 | 311,832 |
| Other creditors includes amount received under Bounceback Loan Scheme totalling £34,664. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government. |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.1.22 | 31.1.21 |
| £ | £ |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 1,690,650 | - |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 311,832 |
| Other loans more 5yrs instal | 34,664 | - |
| 34,664 | 311,832 |
| Bank loan includes bounceback loan of £40,000 backed up by HM Government. |
| MAPLE CENTRE LTD (REGISTERED NUMBER: 05028291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2022 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.1.22 | 31.1.21 |
| £ | £ |
| Bank loans |
| Bank loan is secured by first charge over the investment properties. |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.22 | 31.1.21 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 13. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2021 | ( |
) | 391,782 |
| Profit for the year |
| Fair value adjustment | (353,000 | ) | 353,000 | - |
| At 31 January 2022 | ( |
) | 750,860 |