Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-04-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04176592 2023-04-01 2024-03-31 04176592 2022-04-01 2023-03-31 04176592 2024-03-31 04176592 2023-03-31 04176592 2022-04-01 04176592 c:Director1 2023-04-01 2024-03-31 04176592 d:FurnitureFittings 2023-04-01 2024-03-31 04176592 d:FurnitureFittings 2024-03-31 04176592 d:FurnitureFittings 2023-03-31 04176592 d:FreeholdInvestmentProperty 2024-03-31 04176592 d:FreeholdInvestmentProperty 2023-03-31 04176592 d:CurrentFinancialInstruments 2024-03-31 04176592 d:CurrentFinancialInstruments 2023-03-31 04176592 d:Non-currentFinancialInstruments 2024-03-31 04176592 d:Non-currentFinancialInstruments 2023-03-31 04176592 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04176592 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04176592 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04176592 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04176592 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 04176592 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 04176592 d:ShareCapital 2024-03-31 04176592 d:ShareCapital 2023-03-31 04176592 d:RevaluationReserve 2024-03-31 04176592 d:RevaluationReserve 2023-03-31 04176592 d:RetainedEarningsAccumulatedLosses 2024-03-31 04176592 d:RetainedEarningsAccumulatedLosses 2023-03-31 04176592 c:FRS102 2023-04-01 2024-03-31 04176592 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04176592 c:FullAccounts 2023-04-01 2024-03-31 04176592 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04176592 d:OtherDeferredTax 2024-03-31 04176592 d:OtherDeferredTax 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04176592










MAYVIEW LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
MAYVIEW LTD
Registered number: 04176592

Balance sheet
As at 31 March 2024

2024
2023
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 
20,964
22,239

  
20,964
22,239

Creditors: amounts falling due within one year
 7 
(20,960)
(15,005)

Net current assets
  
 
 
4
 
 
7,234

Total assets less current liabilities
  
1,100,004
1,107,234

Creditors: amounts falling due after more than one year
 8 
(605,204)
(587,576)

Provisions for liabilities
  

Deferred tax
 10 
(39,195)
(39,195)

  
 
 
(39,195)
 
 
(39,195)

Net assets
  
455,605
480,463


Capital and reserves
  

Called up share capital 
  
2
2

Fair value reserve
  
445,627
436,220

Profit and loss account
  
9,976
44,241

  
455,605
480,463


Page 1

 
MAYVIEW LTD
Registered number: 04176592
    
Balance sheet (continued)
As at 31 March 2024

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 7 November 2024.




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 2024

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 2024

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 profit or loss 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 profit or loss.

Page 4

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

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 profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
1,622



At 31 March 2024

1,622



Depreciation


At 1 April 2023
1,622



At 31 March 2024

1,622



Net book value



At 31 March 2024
-



At 31 March 2023
-

Page 5

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,100,000



At 31 March 2024
1,100,000

The 2024 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:

2024
2023
£
£


Historic cost
654,373
654,373

654,373
654,373


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,964
22,239

20,964
22,239



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
20,960
15,005

20,960
15,005


Page 6

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
605,204
587,576

605,204
587,576


The following liabilities were secured:

2024
2023
£
£



Bank loans
605,204
587,576

605,204
587,576

Details of security provided:

Bank loans are secured by a fixed charge over the company’s investment properties.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
605,204
587,576

605,204
587,576




9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
605,204
587,576

605,204
587,576


Page 7

 
MAYVIEW LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(39,195)
(29,788)


Charged to profit or loss
-
(9,407)



At end of year
(39,195)
(39,195)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax on unrealised gains
(39,195)
(39,195)

(39,195)
(39,195)

 
Page 8