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REGISTERED NUMBER: 13816796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MAYFAIR LIFESTYLE LTD

MAYFAIR LIFESTYLE LTD (REGISTERED NUMBER: 13816796)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAYFAIR LIFESTYLE LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: Mr J S Cohen





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
United Kingdom
M2 3BD





REGISTERED NUMBER: 13816796 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

MAYFAIR LIFESTYLE LTD (REGISTERED NUMBER: 13816796)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 983 765

CURRENT ASSETS
Stocks 15,500 13,160
Debtors 5 41,163 8,382
Cash at bank 14,132 63,881
70,795 85,423
CREDITORS
Amounts falling due within one year 6 43,941 57,331
NET CURRENT ASSETS 26,854 28,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,837

28,857

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 27,717 28,737
SHAREHOLDERS' FUNDS 27,837 28,857

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

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

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2025 and were signed by:





Mr J S Cohen - Director


MAYFAIR LIFESTYLE LTD (REGISTERED NUMBER: 13816796)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Mayfair Lifestyle Limited is a private company, limited by shares, registered in England and Wales, registration number 13019709. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is 35 Ardent Way, Prestwich, Greater Manchester, M25 9WE.

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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for at least twelve months from the date these financial statements are approved and authorised for issue.

Turnover
Turnover represents amounts recognised by the company in respect of services supplied, exclusive of value added tax and trade discounts. Turnover principally consists of sales of therapeutic products, where net takings are recognised as earned.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer equipment20% on reducing balance

At each balance sheet date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for
bad and doubtful debts.

MAYFAIR LIFESTYLE LTD (REGISTERED NUMBER: 13816796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash at bank
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 871
Additions 391
At 31 December 2024 1,262
DEPRECIATION
At 1 January 2024 106
Charge for year 173
At 31 December 2024 279
NET BOOK VALUE
At 31 December 2024 983
At 31 December 2023 765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,428 -
Amounts owed by group undertakings - 4,191
Other debtors - 4,191
Directors' current accounts 13,139 -
Tax 51 -
VAT 4,545 -
41,163 8,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,429 8,890
Amounts owed to group undertakings - 4,191
Taxation and social security 289 8,128
Other creditors 26,223 36,122
43,941 57,331

MAYFAIR LIFESTYLE LTD (REGISTERED NUMBER: 13816796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount owed from the director amounting to £13,139 (2023: Nil). This balance represents an interest free loan that is repayable on demand.

9. RELATED PARTY DISCLOSURES

Included within other creditors is a loan due to related party companies of £24,710 (2023: £20,110). These loans are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J S Cohen.