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REGISTERED NUMBER: 08175829 (England and Wales)















Maybrook Investments Limited

Unaudited Financial Statements

for the Year Ended 31st July 2017






Maybrook Investments Limited (Registered number: 08175829)






Contents of the Financial Statements
for the year ended 31st July 2017




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 10


Maybrook Investments Limited

Company Information
for the year ended 31st July 2017







DIRECTOR: P B G O'Dowd





SECRETARY: Pinfield Secretaries Limited





REGISTERED OFFICE: Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN





REGISTERED NUMBER: 08175829 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Maybrook Investments Limited (Registered number: 08175829)

Balance Sheet
31st July 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,911 213,215
Investment property 5 4,555,000 4,555,000
4,663,911 4,768,215

CURRENT ASSETS
Debtors 6 439,816 76,387
Cash at bank 84,772 4,529
524,588 80,916
CREDITORS
Amounts falling due within one year 7 342,052 281,732
NET CURRENT ASSETS/(LIABILITIES) 182,536 (200,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,846,447

4,567,399

CREDITORS
Amounts falling due after more than one
year

8

(2,506,715

)

(2,411,891

)

PROVISIONS FOR LIABILITIES (339,173 ) (346,425 )
NET ASSETS 2,000,559 1,809,083

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property revaluation reserve 10 1,674,088 1,669,597
Retained earnings 326,371 139,386
SHAREHOLDERS' FUNDS 2,000,559 1,809,083

Maybrook Investments Limited (Registered number: 08175829)

Balance Sheet - continued
31st July 2017


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 30th April 2018 and were signed by:





P B G O'Dowd - Director


Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements
for the year ended 31st July 2017

1. STATUTORY INFORMATION

Maybrook Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

The company's business address is Redclyffe, Mere Road, Newton Le Willows, WA12 0BH.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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
Basic financial instruments are recognised at amortised cost.

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 balance sheet date.


Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements - continued
for the year ended 31st July 2017

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going
concern, which the director considers appropriate having regard to the circumstances outlined in a note to the
accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 3 ) .

Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements - continued
for the year ended 31st July 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2016 350,057
Disposals (120,889 )
At 31st July 2017 229,168
DEPRECIATION
At 1st August 2016 136,842
Charge for year 36,304
Eliminated on disposal (52,889 )
At 31st July 2017 120,257
NET BOOK VALUE
At 31st July 2017 108,911
At 31st July 2016 213,215

Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements - continued
for the year ended 31st July 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st August 2016 336,666
Disposals (120,889 )
Transfer to ownership (15,750 )
At 31st July 2017 200,027
DEPRECIATION
At 1st August 2016 131,736
Charge for year 32,526
Eliminated on disposal (52,889 )
Transfer to ownership (8,921 )
At 31st July 2017 102,452
NET BOOK VALUE
At 31st July 2017 97,575
At 31st July 2016 204,930

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2016
and 31st July 2017 4,555,000
NET BOOK VALUE
At 31st July 2017 4,555,000
At 31st July 2016 4,555,000

Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements - continued
for the year ended 31st July 2017

5. INVESTMENT PROPERTY - continued

Fair value at 31st July 2017 is represented by:

£   
Valuation in 2012 2,803,577
Valuation in 2014 1,751,423
4,555,000

If investment properties had not been revalued they would have been included at the following historical cost:

2017 2016
£    £   
Cost 2,538,612 2,538,612

Investment properties were valued on an open market basis on 6th June 2014 by Lambert Smith Hampton .

The investment properties have been included at a forced sale value based upon the assumption that a period of
6 months is available to market the properties.

If the properties had been included at open market value with vacant possession then valuation would increase
by a further £755,000. However, the valuation based on the forced sale value was considered to be the most
appropriate method.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 405,612 -
Amounts owed by associates 34,204 60,100
Other debtors - 16,287
439,816 76,387

Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements - continued
for the year ended 31st July 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 93,968 166,012
Hire purchase contracts 107,949 87,848
Trade creditors 1,182 -
Amounts owed to associates 1,350 -
Taxation and social security 108,184 22,324
Other creditors 29,419 5,548
342,052 281,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 2,013,192 1,995,281
Hire purchase contracts 132,269 90,302
Other creditors 361,254 326,308
2,506,715 2,411,891

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,604,618 1,711,858

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 2,107,160 2,161,293
Hire purchase contracts 240,218 178,150
2,347,378 2,339,443

The bank loans are secured by Fixed charges over the investment properties and also a bank debenture with
fixed and floating charges over the assets of the company dated 17/06/14.

The hire purchase liabilities are secured over the assets concerned.

Maybrook Investments Limited (Registered number: 08175829)

Notes to the Financial Statements - continued
for the year ended 31st July 2017

10. RESERVES
Investment
property
revaluation
reserve
£   
At 1st August 2016 1,669,597
Reserve transfer deferred taxation 4,491

At 31st July 2017 1,674,088

A transfer from the retained earnings reserve has been made to reflect the adjustments in the fair value
recognised in the income statement during the year.

A further reserve transfer has been made in respect of the deferred taxation charge on the investment properties
as a result of changes in indexation and the corporation tax rate enacted at the date of the balance sheet.

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £2,194 (2016 £15,540).

12. GOING CONCERN

The company will continue to receive full support from its director. As a result the going concern basis of
accounting has been adopted.

13. FIRST YEAR ADOPTION

As a result of the implementation of FRS102 a deferred taxation provision on the fair value gains of the
investment property has been included at 31/07/2015 £356,630. This provision is calculated after making
allowance for indexation allowance.

A reserve movement has been made between retained earnings and the investment property revaluation reserve
to reflect the deferred taxation provision movement.

The movement in the year to 31/07/2016 in respect of the deferred taxation reflects the changes in the
indexation allowances.