Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-08-0111falsefalse 04640355 2022-08-01 2023-07-31 04640355 2021-08-01 2022-07-31 04640355 2023-07-31 04640355 2022-07-31 04640355 c:Director1 2022-08-01 2023-07-31 04640355 d:CurrentFinancialInstruments 2023-07-31 04640355 d:CurrentFinancialInstruments 2022-07-31 04640355 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04640355 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 04640355 d:ShareCapital 2023-07-31 04640355 d:ShareCapital 2022-07-31 04640355 d:RetainedEarningsAccumulatedLosses 2023-07-31 04640355 d:RetainedEarningsAccumulatedLosses 2022-07-31 04640355 c:OrdinaryShareClass2 2022-08-01 2023-07-31 04640355 c:OrdinaryShareClass2 2023-07-31 04640355 c:OrdinaryShareClass2 2022-07-31 04640355 c:OrdinaryShareClass4 2022-08-01 2023-07-31 04640355 c:OrdinaryShareClass4 2023-07-31 04640355 c:OrdinaryShareClass4 2022-07-31 04640355 c:FRS102 2022-08-01 2023-07-31 04640355 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04640355 c:FullAccounts 2022-08-01 2023-07-31 04640355 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04640355 d:EntityControlledByKeyManagementPersonnel1 2022-08-01 2023-07-31 04640355 d:EntityControlledByKeyManagementPersonnel1 2023-07-31 04640355 d:EntityControlledByKeyManagementPersonnel1 2022-07-31 04640355 d:EntityControlledByKeyManagementPersonnel2 2022-08-01 2023-07-31 04640355 d:EntityControlledByKeyManagementPersonnel2 2023-07-31 04640355 2 2022-08-01 2023-07-31 04640355 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04640355










MAYFAIR PROPERTY (INVESTMENTS & DEVELOPMENTS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
MAYFAIR PROPERTY (INVESTMENTS & DEVELOPMENTS) LIMITED
REGISTERED NUMBER: 04640355

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
400,340
592,784

Cash at bank and in hand
  
203,163
1,630

  
603,503
594,414

Creditors: amounts falling due within one year
 5 
(12,148)
(2,240)

Net current assets
  
 
 
591,355
 
 
592,174

Net assets
  
591,355
592,174


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
591,255
592,074

  
591,355
592,174


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 income and retained earnings 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 by: 



P J M Williams
Director
Date: 27 March 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MAYFAIR PROPERTY (INVESTMENTS & DEVELOPMENTS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Mayfair Property (Investments & Developments) Limited is a private company, limited by shares, and is incorporated in England and Wales.  Its registered office is 26-28 Neal Street, London, WC2H 9QQ.
The company's funtional and presentational currency is GBP (£).

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 2

 
MAYFAIR PROPERTY (INVESTMENTS & DEVELOPMENTS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
MAYFAIR PROPERTY (INVESTMENTS & DEVELOPMENTS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Debtors

2023
2022
£
£

Other debtors
400,340
592,784



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
540

Other creditors
10,448
-

Accruals and deferred income
1,700
1,700

12,148
2,240



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) X Ordinary shares of £1.00 each
50
50
50 (2022 - 50) Deferred shares of £1.00 each
50
50

100

100



7.


Related party transactions

At the balance sheet date, the company owed £10,448 to Universal Consolidated Group Limited, a company which is part of a group in which the director P J M Williams has a material interest. (2022 - the balance owed by Universal Consolidated Group Limited to the company was £592,426)
At the balance sheet date, the company was owed £400,000 (2022 - £Nil) by Covent Garden Estates Holdings Limited.  P J M Williams has a material interest has material interest in this company.


Page 4