Company Registration No. 10661475 (England and Wales)
May Rose Developments Ltd
Unaudited accounts
for the year ended 31 March 2022
May Rose Developments Ltd
Unaudited accounts
Contents
May Rose Developments Ltd
Company Information
for the year ended 31 March 2022
Company Number
10661475 (England and Wales)
Registered Office
6-8 Revenge Road
Chatham
ME5 8UD
Accountants
SGS Accountants Limited
257A City Way
Rochester
Kent
ME1 2TL
May Rose Developments Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
310,000
560,000
Creditors: amounts falling due within one year
(16,387)
(173,380)
Net current (liabilities)/assets
(9,315)
15,825
Total assets less current liabilities
300,685
575,825
Creditors: amounts falling due after more than one year
(461,825)
(736,890)
Net liabilities
(161,140)
(161,065)
Called up share capital
100
100
Profit and loss account
(161,240)
(161,165)
Shareholders' funds
(161,140)
(161,065)
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2022 and were signed on its behalf by
P Smith
Director
Company Registration No. 10661475
May Rose Developments Ltd
Notes to the Accounts
for the year ended 31 March 2022
May Rose Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10661475. The registered office is 6-8 Revenge Road, Chatham, ME5 8UD .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Transfer to investment property
(250,000)
Work in progress
-
169,752
Amounts falling due within one year
Other debtors
7,072
19,453
May Rose Developments Ltd
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Loans from directors
16,387
119,850
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
461,825
736,890
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
