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COMPANY REGISTRATION NUMBER: 04835945
May Investments Ltd
Filleted Unaudited Financial Statements
For the Year Ended
31 May 2024
May Investments Ltd
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Current assets
Debtors
4
710
Cash at bank and in hand
14,844
33,173
--------
--------
14,844
33,883
Creditors: amounts falling due within one year
5
16,499
33,703
--------
--------
Net current (liabilities)/assets
( 1,655)
180
-------
----
Total assets less current liabilities
( 1,655)
180
-------
----
Net (liabilities)/assets
( 1,655)
180
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 1,755)
80
-------
----
Shareholders (deficit)/funds
( 1,655)
180
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 November 2024 , and are signed on behalf of the board by:
D M Duddy
Director
Company registration number: 04835945
May Investments Ltd
Notes to the Financial Statements
Year Ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Debtors
2024
2023
£
£
Other debtors
710
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
167
Amounts owed to group undertakings and undertakings in which the company has a participating interest
15,499
15,500
Corporation tax
13,786
Other creditors
1,000
4,250
--------
--------
16,499
33,703
--------
--------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D M Duddy
----
----
----
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D M Duddy
( 525)
525
----
----
----