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
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
H. Mayerson Trust Limited
Statement of financial position
as at 31 March 2024
Investment property
1,500,000
1,500,000
Cash at bank and in hand
87,888
110,320
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
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
H. Mayerson Trust Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 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 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 in shares are included at fair value.
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.
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
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
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).