Maysand Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04928851 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Maysand Holdings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B Lisle

SECRETARY:

Mrs S M Lisle

REGISTERED OFFICE:

No 1

Salmon Fields Business Village

Royton Oldham

Lancashire

OL2 6HT

REGISTERED NUMBER:

04928851 (England and Wales)

ACCOUNTANTS:

N J Grindrod & Co Limited

21 Hare Hill Road

Littleborough

Lancashire

OL15 9AD

FIXED ASSETS

Property, plant and equipment

3

53,224

Investments

4

389,355

442,579

CURRENT ASSETS

Debtors

5

96,240

385

Cash at bank

32,638

32,698

128,878

33,083

CREDITORS

Amounts falling due within one year

6

100,244

50,389

NET CURRENT ASSETS/(LIABILITIES)

28,634

(17,306

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

471,213

425,273

CAPITAL AND RESERVES

Called up share capital

5,550

Share premium

169,450

Retained earnings

296,213

250,273

SHAREHOLDERS' FUNDS

471,213

425,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 20 November 2017 and were signed by:

B Lisle - Director

1.	STATUTORY INFORMATION

Maysand Holdings 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Land and buildings

-

not provided

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

3.	PROPERTY, PLANT AND EQUIPMENT

Land and

buildings

£

COST

At 1 June 2016

and 31 May 2017

53,224

NET BOOK VALUE

At 31 May 2017

53,224

At 31 May 2016

53,224

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 31 May 2017

756,510

PROVISIONS

At 1 June 2016

and 31 May 2017

367,155

NET BOOK VALUE

At 31 May 2017

389,355

At 31 May 2016

389,355

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

Amounts owed by group undertakings

96,240

-

Other debtors

-

385

96,240

385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

Amounts owed to group undertakings

-

50,389

Other creditors

100,244

-

100,244

50,389

7.	ULTIMATE CONTROLLING PARTY

The controlling party is B Lisle.

Maysand Holdings Limited - Accounts to registrar (filleted) - small 17.3

Maysand Holdings Limited - Accounts to registrar (filleted) - small 17.3