Maximus Group Limited - Abbreviated accounts 16.1
Maximus Group Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 30 September 2015 |
| for |
| Maximus Group Limited |
| Maximus Group Limited (Registered number: 04550254) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Report of the Accountants | 2 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Maximus Group Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Maximus Group Limited |
| Report of the Accountants to the Directors of |
| Maximus Group Limited |
| The following reproduces the text of the report prepared for the directors in respect of the |
| company's annual unaudited financial statements, from which the unaudited abbreviated |
| accounts (set out on pages two to seven) have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2015 set out on pages four to eleven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 29 June 2016 |
| Maximus Group Limited (Registered number: 04550254) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Maximus Group Limited (Registered number: 04550254) |
| Abbreviated Balance Sheet - continued |
| 30 September 2015 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| Maximus Group Limited (Registered number: 04550254) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared under the historical cost convention and in |
| accordance with applicable Accounting Standards. |
| The financial statements have been prepared on a going concern basis which the directors |
| believe to be appropriate as the Trustees of the majority shareholder, The G J Hickton |
| Discretionary Will Trust, and the beneficiaries of this trust, all of whom are significant |
| creditors of the Company, have pledged to continue with their financial support of the |
| Company for at least twelve months from the date on which these financial statements were |
| signed. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in |
| accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks comprise of development work in progress and properties held for resale. Stocks are |
| stated at the lower of cost and net realisable value. Cost is determined on an actual basis |
| and comprises land, property, materials and attributable overheads. Net realisable value is |
| based on estimated selling prices less further costs anticipated to disposal. |
| Taxation |
| The charge for taxation is based on the result for the year and takes into account taxation |
| deferred because of timing differences between the treatment for certain items for |
| accounting and taxation purposes. |
| Deferred tax is recognised, without discounting, in respect of all timing differences between |
| the treatment of certain items for taxation and accounting purposes which have arisen but |
| not reversed by the balance sheet date, except as otherwise required by FRS 19. |
| Investments |
| Investments in subsidiary undertakings are stated at cost less provision for diminution in |
| value. |
| Maximus Group Limited (Registered number: 04550254) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| and 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 October 2014 |
| and 30 September 2015 | 912,578 |
| PROVISIONS |
| At 1 October 2014 |
| and 30 September 2015 | 912,076 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies |
| include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary shares of £1 each | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 26,952 | 40,139 |
| Profit for the year | 16,813 | 54,282 |
| Maximus Group Limited (Registered number: 04550254) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary B shares of £1 each | 33.33 |
| £ | £ |
| Aggregate capital and reserves | (44,252 | ) | (44,181 | ) |
| Loss for the year | (71 | ) | (68 | ) |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary shares of £1 each | 1.00 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended |
| 30 September 2015 and 30 September 2014: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| During the year the company was charged £18,540 (2014: £28.435) in respect of |
| consultancy fees from North Oak Homes Ltd, a company owned by Mr J Hickton. At 30 |
| September 2015, the company owed £1,200 (2014: £550) to North Oak Homes Ltd. |
| During the year the company was charged £1,550 (2014: £6,420) in respect of accountancy |
| services from Titanium Accountants Ltd, a company owned by Mr L M Turner. At 30 |
| September 2015, the company owed £300 (2014: £642) to Titanium Accountants Ltd. |
| 6. | RELATED PARTY DISCLOSURES |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Amount due from/(to) related party at balance sheet date |
| ( |
) | ( |
) |
| Maximus Group Limited (Registered number: 04550254) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 6. | RELATED PARTY DISCLOSURES - continued |
( |
) |
( |
) |
| ( |
) | ( |
) |
| ( |
) | ( |
) |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is considered to be The Godfrey John Hickton Discretionary |
| Will Trust, which owns 100% of the share capital in the company. |