REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
MAVA INVESTMENTS LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
MAVA INVESTMENTS LTD |
MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816) |
Contents of the Financial Statements |
for the year ended 31 March 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
MAVA INVESTMENTS LTD |
Company Information |
for the year ended 31 March 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Juniper House |
Warley Hill Business Park |
The Drive |
Brentwood |
Essex |
CM13 3BE |
MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816) |
Statement of Financial Position |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 8 |
Share premium | 9 |
Retained earnings | 9 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816) |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
1. | Statutory information |
MAVA Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about MAVA Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. |
There were no estimates of adjustments required in the preparation of these accounts. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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. |
MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
The fixed asset investments are in respect of 100% share capital of Essex Packaging Supplies Limited, a company incorporated in the United Kingdom. |
5. | Investment property |
Total |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
The valuation of the investment property at the balance sheet date is the same as cost. |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
MAVA INVESTMENTS LTD (REGISTERED NUMBER: 10721816) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number | Class | Nominal | £ |
Value |
48 | A Ordinary shares | 1 | 48 |
48 | B Ordinary shares | 1 | 48 |
4 | C Ordinary shares | 1 | 4 |
120 | D Ordinary shares | 1 | 120 |
-------- |
220 |
9. | Reserves |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1 April 2022 | 1,933,235 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 March 2023 | 2,402,176 |
10. | Capital & reserves of subsidiary companies |
The aggregate amount of capital and reserves and the profit for the year were as follows:- |
Capital & Reserves |
Profit/Loss in Year |
Essex Packaging Supplies Limited | £1,327,378 | £481,936 |
11. | Ultimate controlling party |
The controlling party is Mr and Mrs M Wright. |