COMPANY REGISTRATION NUMBER:
10518265
MAPLEZONE DEVELOPMENTS LIMITED
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FILLETED UNAUDITED FINANCIAL STATEMENTS
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MAPLEZONE DEVELOPMENTS LIMITED
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STATEMENT OF FINANCIAL POSITION
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31 October 2021
Current assets
Stocks
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1,414,954
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1,398,100
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Debtors
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4
|
100
|
100
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Cash at bank and in hand
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6,405
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7,492
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-------------
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-------------
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1,421,459
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1,405,692
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Creditors: amounts falling due within one year
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5
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1,450,951
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1,417,104
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-------------
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-------------
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Net current liabilities
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29,492
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11,412
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---------
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---------
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Total assets less current liabilities
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(
29,492)
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(
11,412)
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---------
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---------
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Capital and reserves
Called up share capital
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100
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100
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Profit and loss account
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(
29,592)
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(
11,512)
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---------
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---------
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Shareholders deficit
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(
29,492)
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(
11,412)
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---------
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---------
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
MAPLEZONE DEVELOPMENTS LIMITED
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STATEMENT OF FINANCIAL POSITION (continued)
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31 October 2021
These financial statements were approved by the
board of directors
and authorised for issue on
31 January 2022
, and are signed on behalf of the board by:
Company registration number:
10518265
MAPLEZONE DEVELOPMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
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YEAR ENDED 31 OCTOBER 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Windsor House, A1 Business Park at, Long Bennington, Notts, NG23 5JR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. The directors do not consider there to be any significant judgements or estimations in the financial statements.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4.
Debtors
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2021
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2020
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£
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£
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Other debtors
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100
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100
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----
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----
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5.
Creditors:
amounts falling due within one year
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2021
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2020
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£
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£
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Loan from Maplezone Property Investment Ltd
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1,450,951
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1,417,104
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6.
Related party transactions
At the year end a balance of £1,450,951 (2020: £1,417,104) was due to Maplezone Property Investment Limited, a company under common control and ownership.