Caseware UK (AP4) 2021.0.152 2021.0.152 2021-04-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04176592 2021-04-01 2022-03-31 04176592 2020-04-01 2021-03-31 04176592 2022-03-31 04176592 2021-03-31 04176592 2020-04-01 04176592 c:Director1 2021-04-01 2022-03-31 04176592 d:FurnitureFittings 2021-04-01 2022-03-31 04176592 d:FurnitureFittings 2022-03-31 04176592 d:FurnitureFittings 2021-03-31 04176592 d:FreeholdInvestmentProperty 2022-03-31 04176592 d:FreeholdInvestmentProperty 2021-03-31 04176592 d:CurrentFinancialInstruments 2022-03-31 04176592 d:CurrentFinancialInstruments 2021-03-31 04176592 d:Non-currentFinancialInstruments 2022-03-31 04176592 d:Non-currentFinancialInstruments 2021-03-31 04176592 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04176592 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 04176592 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04176592 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 04176592 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 04176592 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 04176592 d:ShareCapital 2022-03-31 04176592 d:ShareCapital 2021-03-31 04176592 d:RevaluationReserve 2022-03-31 04176592 d:RevaluationReserve 2021-03-31 04176592 d:RetainedEarningsAccumulatedLosses 2022-03-31 04176592 d:RetainedEarningsAccumulatedLosses 2021-03-31 04176592 c:FRS102 2021-04-01 2022-03-31 04176592 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 04176592 c:FullAccounts 2021-04-01 2022-03-31 04176592 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04176592 d:OtherDeferredTax 2022-03-31 04176592 d:OtherDeferredTax 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 04176592










MAYVIEW LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2022

 
MAYVIEW LTD
Registered number: 04176592

Balance sheet
As at 31 March 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 5 
1,100,000
1,100,000

  
1,100,000
1,100,000

Current assets
  

Cash at bank and in hand
 6 
19,762
14,535

  
19,762
14,535

Creditors: amounts falling due within one year
 7 
(10,736)
(7,951)

Net current assets
  
 
 
9,026
 
 
6,584

Total assets less current liabilities
  
1,109,026
1,106,584

Creditors: amounts falling due after more than one year
 8 
(587,576)
(587,576)

Provisions for liabilities
  

Deferred tax
 10 
(29,788)
(29,788)

  
 
 
(29,788)
 
 
(29,788)

Net assets
  
491,662
489,220


Capital and reserves
  

Called up share capital 
  
2
2

Fair value reserve
  
445,627
445,627

Profit and loss account
  
46,033
43,591

  
491,662
489,220


Page 1

 
MAYVIEW LTD
Registered number: 04176592
    
Balance sheet (continued)
As at 31 March 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2022.




Mr D Vogiel
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2022

1.


General information

Mayview Ltd is a private company limited by shares and registered in England and Wales. The registered address is 117 Wargrave Avenue, London, N15 6TX

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2022

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 4

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2022

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2021
1,622



At 31 March 2022

1,622



Depreciation


At 1 April 2021
1,622



At 31 March 2022

1,622



Net book value



At 31 March 2022
-



At 31 March 2021
-

Page 5

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2022

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2021
1,100,000



At 31 March 2022
1,100,000

The 2022 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
2021
£
£


Historic cost
654,373
654,373

654,373
654,373


6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
19,763
14,535

19,763
14,535



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
570
918

Other creditors
10,166
6,433

Accruals and deferred income
-
600

10,736
7,951


Page 6

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2022

8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
587,576
587,576

587,576
587,576


The following liabilities were secured:

2022
2021
£
£



Bank loans
587,576
587,576

587,576
587,576

Details of security provided:

The bank loans are secured by a legal charge over the company’s investment properties.


9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£




Amounts falling due after more than 5 years

Bank loans
587,576
587,576

587,576
587,576



10.


Deferred taxation




2022
2021


£

£






At beginning of year
(29,788)
(29,788)



At end of year
(29,788)
(29,788)

Page 7

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2022
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Deferred tax on unrealised gains
(29,788)
(29,788)

(29,788)
(29,788)

 
Page 8