IRIS Accounts Production v24.3.0.553 09599340 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095993402023-05-31095993402024-05-31095993402023-06-012024-05-31095993402022-05-31095993402022-06-012023-05-31095993402023-05-3109599340ns15:EnglandWales2023-06-012024-05-3109599340ns14:PoundSterling2023-06-012024-05-3109599340ns10:Director12023-06-012024-05-3109599340ns10:Director22023-06-012024-05-3109599340ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109599340ns10:SmallEntities2023-06-012024-05-3109599340ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3109599340ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109599340ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109599340ns10:FullAccounts2023-06-012024-05-3109599340ns10:RegisteredOffice2023-06-012024-05-3109599340ns5:CurrentFinancialInstruments2024-05-3109599340ns5:CurrentFinancialInstruments2023-05-3109599340ns5:ShareCapital2024-05-3109599340ns5:ShareCapital2023-05-3109599340ns5:RetainedEarningsAccumulatedLosses2024-05-3109599340ns5:RetainedEarningsAccumulatedLosses2023-05-3109599340ns5:FurnitureFittings2023-06-012024-05-3109599340ns5:LandBuildings2023-05-3109599340ns5:LeaseholdImprovements2023-05-3109599340ns5:FurnitureFittings2023-05-3109599340ns5:LandBuildings2023-06-012024-05-3109599340ns5:LeaseholdImprovements2023-06-012024-05-3109599340ns5:LandBuildings2024-05-3109599340ns5:LeaseholdImprovements2024-05-3109599340ns5:FurnitureFittings2024-05-3109599340ns5:LandBuildings2023-05-3109599340ns5:LeaseholdImprovements2023-05-3109599340ns5:FurnitureFittings2023-05-3109599340ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3109599340ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 09599340 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

MAYS15 LIMITED

MAYS15 LIMITED (REGISTERED NUMBER: 09599340)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAYS15 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: I N Clarke
Mrs D J Clarke





REGISTERED OFFICE: Mays Farm
Ryeish Green
3 Mile Cross
Reading
Berkshire
RG7 1EP





REGISTERED NUMBER: 09599340 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MAYS15 LIMITED (REGISTERED NUMBER: 09599340)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 501,036 501,571
Investment property 5 956,632 956,632
1,457,668 1,458,203

CURRENT ASSETS
Debtors 6 5,187 6,307
Cash at bank 26,901 24,234
32,088 30,541
CREDITORS
Amounts falling due within one year 7 1,341,737 1,375,820
NET CURRENT LIABILITIES (1,309,649 ) (1,345,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,019

112,924

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 148,016 112,921
SHAREHOLDERS' FUNDS 148,019 112,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAYS15 LIMITED (REGISTERED NUMBER: 09599340)

BALANCE SHEET - continued
31ST MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th January 2025 and were signed on its behalf by:




Mrs D J Clarke - Director



I N Clarke - Director


MAYS15 LIMITED (REGISTERED NUMBER: 09599340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Mays15 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents and service charges receivable during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MAYS15 LIMITED (REGISTERED NUMBER: 09599340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1st June 2023
and 31st May 2024 440,472 58,953 9,658 509,083
DEPRECIATION
At 1st June 2023 - - 7,512 7,512
Charge for year - - 535 535
At 31st May 2024 - - 8,047 8,047
NET BOOK VALUE
At 31st May 2024 440,472 58,953 1,611 501,036
At 31st May 2023 440,472 58,953 2,146 501,571

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 956,632
NET BOOK VALUE
At 31st May 2024 956,632
At 31st May 2023 956,632

The directors do not consider that there has been any significant change in fair value of the properties since they were acquired. As such the fair value is the same as cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,040 6,105
Prepayments and accrued income 2,147 202
5,187 6,307

MAYS15 LIMITED (REGISTERED NUMBER: 09599340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,101 5,952
Tax 6,329 5,635
Other creditors 1,333,057 1,363,133
Accrued expenses 1,250 1,100
1,341,737 1,375,820