1 April 2023 false No description of principal activity Taxfiler 2024.6 00821270business:PrivateLimitedCompanyLtd2023-04-012024-03-31 008212702023-03-31 008212702023-04-012024-03-31 00821270business:AuditExemptWithAccountantsReport2023-04-012024-03-31 00821270business:FilletedAccounts2023-04-012024-03-31 008212702024-03-31 00821270business:Director12023-04-012024-03-31 00821270business:Director22023-04-012024-03-31 00821270business:Director32023-04-012024-03-31 00821270business:RegisteredOffice2023-04-012024-03-31 008212702023-03-31 00821270core:WithinOneYear2024-03-31 00821270core:WithinOneYear2023-03-31 00821270core:AfterOneYear2024-03-31 00821270core:AfterOneYear2023-03-31 00821270core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 00821270core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 00821270core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-03-31 00821270core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-03-31 00821270core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 00821270core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 00821270core:PreviouslyStatedAmount2024-03-31 00821270core:PreviouslyStatedAmount2023-03-31 00821270business:SmallEntities2023-04-012024-03-31 00821270countries:EnglandWales2023-04-012024-03-31 008212702022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 00821270 (England and Wales)
H. Mayerson Trust Limited Unaudited accounts for the year ended 31 March 2024
H. Mayerson Trust Limited Unaudited accounts Contents
Page
- 2 -
H. Mayerson Trust Limited Company Information for the year ended 31 March 2024
Directors
Mr N Mayersohn Mr I Mayerson Mr M Mayerson
Company Number
00821270 (England and Wales)
Registered Office
Hallswelle House 1 Hallswelle Road London NW11 0DH
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
H. Mayerson Trust Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,500,000 
1,500,000 
Investments
14,076 
14,076 
1,514,076 
1,514,076 
Current assets
Debtors
5,642 
3,654 
Cash at bank and in hand
87,888 
110,320 
93,530 
113,974 
Creditors: amounts falling due within one year
(91,838)
(104,939)
Net current assets
1,692 
9,035 
Total assets less current liabilities
1,515,768 
1,523,111 
Creditors: amounts falling due after more than one year
(21)
(21)
Net assets
1,515,747 
1,523,090 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
885,932 
885,932 
Profit and loss account
629,715 
637,058 
Shareholders' funds
1,515,747 
1,523,090 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by
Mr N Mayersohn Director Company Registration No. 00821270
- 4 -
H. Mayerson Trust Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
H. Mayerson Trust Limited is a private company, limited by shares, registered in England and Wales, registration number 00821270. The registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rent receivable on investment properties. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
1,500,000 
At 31 March 2024
1,500,000 
The investment property was valued by the directors, on an open-market for existing use basis.
- 5 -
H. Mayerson Trust Limited Notes to the Accounts for the year ended 31 March 2024
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
14,076 
Valuation at 31 March 2024
14,076 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,642 
3,654 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
67,448 
78,085 
Taxes and social security
- 
78 
Accruals
24,390 
26,776 
91,838 
104,939 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Non-equity preference shares
21 
21 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -