Company Registration No. 11733385 (England and Wales)
Mayfair Commercial Mortgages Ltd
Unaudited accounts
for the year ended 31 December 2023
Mayfair Commercial Mortgages Ltd
Unaudited accounts
Contents
Mayfair Commercial Mortgages Ltd
Company Information
for the year ended 31 December 2023
Director
Muzaffar Imran Mian
Company Number
11733385 (England and Wales)
Registered Office
Suite 16 Fitzroy House
Lynwood Drive
Worcester Park
Surrey
KT4 7AT
Accountants
Proacc Consulting Ltd
3rd Floor
86-90 Paul Street
London
EC2A 4NE
Mayfair Commercial Mortgages Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
10,864
16,721
Creditors: amounts falling due within one year
(8,134)
(7,746)
Net current assets
2,893
8,975
Total assets less current liabilities
2,893
8,975
Creditors: amounts falling due after more than one year
(2,793)
(3,990)
Called up share capital
100
100
Profit and loss account
-
4,885
Shareholders' funds
100
4,985
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 29 August 2024 and were signed on its behalf by
Muzaffar Imran Mian
Director
Company Registration No. 11733385
Mayfair Commercial Mortgages Ltd
Notes to the Accounts
for the year ended 31 December 2023
Mayfair Commercial Mortgages Ltd is a private company, limited by shares, registered in England and Wales, registration number 11733385. The registered office is Suite 16 Fitzroy House, Lynwood Drive, Worcester Park, Surrey, KT4 7AT.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
During the year, due to change in the capitalisation limit, the closing balance of tangible fixed assets at the end of last year was charged to profit and loss account.
Plant & machinery
20% per annum
Fixtures & fittings
20% per annum
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,823
225
2,048
At 31 December 2023
1,823
225
2,048
At 1 January 2023
1,823
225
2,048
At 31 December 2023
1,823
225
2,048
Amounts falling due after more than one year
Mayfair Commercial Mortgages Ltd
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,197
1,197
Taxes and social security
6,025
1,495
Loans from directors
-
4,622
7
Creditors: amounts falling due after more than one year
2023
2022
Represent unsecured bank loans bearing an interest of 2.5% p.a.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).