Maria Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00857992 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Maria Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M T Seal

SECRETARY:

M C Seal

REGISTERED OFFICE:

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

REGISTERED NUMBER:

00857992 (England and Wales)

ACCOUNTANTS:

W R Frost & Co

Chartered Accountants

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

FIXED ASSETS

Tangible assets

2

1,307

1,837

Investment property

3

385,000

385,000

386,307

386,837

CURRENT ASSETS

Cash in hand

100

186

CREDITORS

Amounts falling due within one year

229,490

230,546

NET CURRENT LIABILITIES

(229,390

)

(230,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,917

156,477

CREDITORS

Amounts falling due after more than one year

16,000

16,000

NET ASSETS

140,917

140,477

CAPITAL AND RESERVES

Called up share capital

4

100

100

Investment Revaluation Reserve

325,001

325,001

Profit and loss account

(184,184

)

(184,624

)

SHAREHOLDERS' FUNDS

140,917

140,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 October 2016 and were signed by:

M T Seal - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, Fittings & Equipment

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

8,419

DEPRECIATION

At 1 January 2015

6,582

Charge for year

530

At 31 December 2015

7,112

NET BOOK VALUE

At 31 December 2015

1,307

At 31 December 2014

1,837

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

385,000

NET BOOK VALUE

At 31 December 2015

385,000

At 31 December 2014

385,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes that the company will

continue to trade. The validity of this assumption is dependent upon the continued support of the director Mr M

Seal and the loan creditor Mr A. Seal. If the company was unable to continue to trade, adjustments would have

to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that

might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

6.	PROPERTY VALUATION

The property was valued on an open market basis in November 2009 by an independent valuer at £400,000 and

was valued by the director on 31 December 2012 on an open market value basis at £385,000.