MAYFAIR LAND LTD

Company Registration Number:
09244140 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

MAYFAIR LAND LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

MAYFAIR LAND LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 13,800,000 13,800,000
Total fixed assets: 13,800,000 13,800,000
Current assets
Stocks: 0 0
Debtors:   37,180 462
Cash at bank and in hand: 604,205 435,545
Investments:   0 0
Total current assets: 641,385 436,007
Creditors: amounts falling due within one year:   (102,239) (167,671)
Net current assets (liabilities): 539,146 268,336
Total assets less current liabilities: 14,339,146 14,068,336
Creditors: amounts falling due after more than one year: 4 (5,500,000) (5,500,000)
Provision for liabilities: (1,056,430) (1,056,430)
Total net assets (liabilities): 7,782,716 7,511,906
Capital and reserves
Called up share capital: 1,050,000 1,050,000
Share premium account: 0 0
Revaluation reserve:53,828,9693,828,969
Other reserves: 0 0
Profit and loss account: 2,903,747 2,632,937
Shareholders funds: 7,782,716 7,511,906

The notes form part of these financial statements

MAYFAIR LAND LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: David Dangoor
Status: Director

The notes form part of these financial statements

MAYFAIR LAND LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAYFAIR LAND LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

MAYFAIR LAND LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Fixed investments

Fair value of the investment property amounted to £13,800,000 (2022: £13,800,000)

MAYFAIR LAND LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due after more than one year note

On 25 January 2023 the company fully drew down on a £5,500,000 loan facility with Handelsbanken. The loan accrues interest at a fixed rate of 6.34% and is repayable on 25 January 2028.

MAYFAIR LAND LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Revaluation reserve

2023
£
Balance at 01 June 2022 3,828,969
Surplus or deficit after revaluation 0
Balance at 31 May 2023 3,828,969

MAYFAIR LAND LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Related party transactions

Name of the related party: Monopro Limited
Relationship:
company held under common control
Description of the Transaction: During the year, the company fully repaid a loan to Monopro Limited, a company held under common control. The outstanding balance as at 31 May 2022 had been £5,500,000 and this was the amount repaid.
£
Balance at 01 June 2022 5,500,000
Balance at 31 May 2023 0