MAPLESTAR PROPERTIES LIMITED - Accounts to registrar (filleted) - small 18.1
MAPLESTAR PROPERTIES LIMITED - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| MAPLESTAR PROPERTIES LIMITED |
| MAPLESTAR PROPERTIES LIMITED (Registered number: 04371930) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| MAPLESTAR PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2017 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| 129 North Hill |
| Plymouth |
| Devon |
| PL4 8JY |
| MAPLESTAR PROPERTIES LIMITED (Registered number: 04371930) |
| BALANCE SHEET |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Prepayments and accrued income |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 6 |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| MAPLESTAR PROPERTIES LIMITED (Registered number: 04371930) |
| BALANCE SHEET - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| MAPLESTAR PROPERTIES LIMITED (Registered number: 04371930) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Maplestar Properties Limited is a private company, limited by shares, registered in England |
| and Wales. The company's registered number, business address and registered office |
| address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Tools and equipment | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. Cost is determined |
| on an actual basis. Net realisable value represents estimated selling price less costs |
| required to sell. Provision is made for slow moving, obsolete or damaged stock where the |
| net realisable value is less than cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & |
| Loss Account, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet 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. |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), |
| less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
| initially recognised at transaction price including any transaction costs and subsequently |
| measured at amortised cost determined using the effective interest method, less any |
| impairment losses for bad and doubtful debts. |
| MAPLESTAR PROPERTIES LIMITED (Registered number: 04371930) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). |
| Loans and other financial liabilities are initially recognised at transaction price net of any |
| transaction costs and subsequently measured at amortised cost determined using the |
| effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Tools and | Computer |
| equipment | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| Depreciation |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| Net book value |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 298,266 | 228,987 |
| Accrued expenses |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £0.01 | 2 | 2 |
| MAPLESTAR PROPERTIES LIMITED (Registered number: 04371930) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2017 |
| 7. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the following amounts were owed to related parties:- |
| Mr P Underhill (director and shareholder) was owed £146,304. |
| Mrs J Underhill (shareholder and wife of director) was owed £146,304. |
| Mr M Underhill (director and shareholder) was owed £5,658. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its directors. |