1 June 2022 false No description of principal activity Taxfiler 2023.10.1 1215097business:PrivateLimitedCompanyLtd2022-06-012023-05-31 12150972022-05-31 12150972022-06-012023-05-31 1215097business:AuditExemptWithAccountantsReport2022-06-012023-05-31 1215097business:FilletedAccounts2022-06-012023-05-31 12150972023-05-31 1215097business:Director12022-06-012023-05-31 1215097business:Director22022-06-012023-05-31 1215097business:Director32022-06-012023-05-31 1215097business:Director42022-06-012023-05-31 1215097business:RegisteredOffice2022-06-012023-05-31 12150972022-05-31 1215097core:WithinOneYear2023-05-31 1215097core:WithinOneYear2022-05-31 1215097core:AfterOneYear2023-05-31 1215097core:AfterOneYear2022-05-31 1215097core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 1215097core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 1215097core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-05-31 1215097core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-05-31 1215097core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 1215097core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 1215097core:PreviouslyStatedAmount2023-05-31 1215097core:PreviouslyStatedAmount2022-05-31 1215097business:SmallEntities2022-06-012023-05-31 1215097countries:EnglandWales2022-06-012023-05-31 1215097core:LandBuildings2022-06-012023-05-31 1215097core:ComputerEquipment2022-06-012023-05-31 1215097core:LandBuildings2022-05-31 1215097core:PlantMachinery2022-05-31 1215097core:ComputerEquipment2022-05-31 1215097core:LandBuildings2023-05-31 1215097core:PlantMachinery2023-05-31 1215097core:ComputerEquipment2023-05-31 1215097core:PlantMachinery2022-06-012023-05-31 1215097business:Director212022-06-012023-05-31 1215097business:Director212022-05-31 1215097business:Director212023-05-31 1215097business:Director422022-06-012023-05-31 1215097business:Director422022-05-31 1215097business:Director422023-05-31 12150972021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 1215097 (England and Wales)
May & Philpot Management Limited Unaudited accounts for the year ended 31 May 2023
May & Philpot Management Limited Unaudited accounts Contents
Page
- 2 -
May & Philpot Management Limited Company Information for the year ended 31 May 2023
Directors
Jonathan Lovejoy Georgina Lovejoy Michael Thornton Rachel Thornton
Company Number
1215097 (England and Wales)
Registered Office
6 Sylvan Gardens Surbiton Surrey KT6 6PP
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
- 3 -
May & Philpot Management Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
202,960 
206,382 
Current assets
Debtors
262,850 
10,304 
Cash at bank and in hand
266,811 
594,690 
529,661 
604,994 
Creditors: amounts falling due within one year
(114,749)
(24,725)
Net current assets
414,912 
580,269 
Total assets less current liabilities
617,872 
786,651 
Creditors: amounts falling due after more than one year
- 
(957)
Net assets
617,872 
785,694 
Capital and reserves
Called up share capital
1,000 
1,000 
Capital redemption reserve
100,436 
100,436 
Profit and loss account
516,436 
684,258 
Shareholders' funds
617,872 
785,694 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Jonathan Lovejoy Director Company Registration No. 1215097
- 4 -
May & Philpot Management Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
May & Philpot Management Limited is a private company, limited by shares, registered in England and Wales, registration number 1215097. The registered office is 6 Sylvan Gardens, Surbiton, Surrey, KT6 6PP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
293,425 
970 
3,609 
298,004 
At 31 May 2023
293,425 
970 
3,609 
298,004 
Depreciation
At 1 June 2022
88,020 
970 
2,632 
91,622 
Charge for the year
2,934 
- 
488 
3,422 
At 31 May 2023
90,954 
970 
3,120 
95,044 
Net book value
At 31 May 2023
202,471 
- 
489 
202,960 
At 31 May 2022
205,405 
- 
977 
206,382 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
987 
10,304 
Other debtors
261,863 
- 
262,850 
10,304 
- 5 -
May & Philpot Management Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
93,898 
4,399 
Other creditors
11,500 
11,500 
Accruals
5,518 
5,675 
Deferred income
3,833 
3,151 
114,749 
24,725 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
- 
957 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Georgina Lovejoy
Directors loan
- 
181,201 
50,270 
130,931 
Rachel Thornton
Directors loan
- 
181,201 
50,270 
130,931 
- 
362,402 
100,540 
261,862 
During the year, the company made advances to a director amounting to £362,402 (2022: NIL). The company received repayments of £100,540 (2022: NIL).The balance will continue to be repaid each year by each director until fully repaid. The loans are charged at the HMRC official rate of interest for beneficial loans and each director pays this amount in full each year.
9
Transactions with related parties
During the year dividends totalling £100,540 (2022 - NIL) were paid to the directors and their families.
10
Average number of employees
During the year the average number of employees was 4 (2022: 2).
- 6 -