MAYFIELDS PROPERTY LIMITED

Company Registration Number:
05435627 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

MAYFIELDS PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

MAYFIELDS PROPERTY LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 566 0
Investments: 4 475,000 475,000
Total fixed assets: 475,566 475,000
Current assets
Debtors: 5 65,731 62,011
Cash at bank and in hand: 61,659 77,531
Total current assets: 127,390 139,542
Creditors: amounts falling due within one year: 6 (27,853) (60,279)
Net current assets (liabilities): 99,537 79,263
Total assets less current liabilities: 575,103 554,263
Total net assets (liabilities): 575,103 554,263
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 575,099 554,259
Shareholders funds: 575,103 554,263

The notes form part of these financial statements

MAYFIELDS PROPERTY LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 January 2025
and signed on behalf of the board by:

Name: CM Nichols
Status: Director

The notes form part of these financial statements

MAYFIELDS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable in respect of rental income due prior to the Balance Sheet date and provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Other accounting policies

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

MAYFIELDS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

MAYFIELDS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 0
Additions 849
At 30 April 2024 849
Depreciation
At 01 May 2023 0
Charge for year 283
At 30 April 2024 283
Net book value
At 30 April 2024 566
At 30 April 2023 0

MAYFIELDS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed investments

At the Balance Sheet date, the investment property was valued at a fair value of £475,000 (2023 - £475,000).

MAYFIELDS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

MAYFIELDS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

The aggregate amount of creditors for which security has been given amounted to £nil (2023 - £30,313).