MAVPORT LIMITED - Accounts to registrar (filleted) - small 23.2.5

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REGISTERED NUMBER: 02037351 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2023

FOR

MAVPORT LIMITED

Page

Company Information

Abridged Statement of Financial Position

Notes to the Financial Statements

DIRECTORS:

S Lew

Mrs M H Lew

SECRETARY:

Mrs M H Lew

REGISTERED OFFICE:

115 Craven Park Road

Stamford Hill

London

N15 6BL

REGISTERED NUMBER:

02037351 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

880,540

CURRENT ASSETS

Debtors

46,891

Cash at bank

6,781

5,876

53,672

52,767

CREDITORS

Amounts falling due within one year

(160,810

)

(161,839

)

NET CURRENT LIABILITIES

(107,138

)

(109,072

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

773,402

771,468

CREDITORS

Amounts falling due after more than one year

(50,000

)

(50,000

)

NET ASSETS

723,402

721,468

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

444,822

Other reserves

172,482

Retained earnings

105,998

104,064

SHAREHOLDERS' FUNDS

723,402

721,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2023 and were signed on its behalf by:

S Lew - Director

1.	STATUTORY INFORMATION

MAVPORT LIMITED 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 (£).

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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	INVESTMENT PROPERTY

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

LOANS

An analysis of the maturity of loans is given below:

28.9.23

28.9.22

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

50,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.9.23

28.9.22

value:

100

Ordinary

£1

100

RESERVES

Retained

Revaluation

Other

earnings

reserve

reserves

Totals

At 29 September 2022

104,064

444,822

172,482

721,368

Profit for the year

1,934

At 28 September 2023

105,998

444,822

172,482

723,302