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Registered Number: 10959312
England and Wales

 

 

 

MAYFAIR ASSOCIATES LONDON LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Mayfair Associates London Ltd for the year ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mayfair Associates London Ltd for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Mayfair Associates London Ltd , as a body, in accordance with the terms of our engagement letter dated 23 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Mayfair Associates London Ltd and state those matters that we have agreed to state to the Board of Directors of Mayfair Associates London Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayfair Associates London Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mayfair Associates London Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Mayfair Associates London Ltd. You consider that Mayfair Associates London Ltd is exempt from the statutory audit requirement for the year

We have not been instructed to carry out an audit or a review of the accounts of Mayfair Associates London Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

Mayfair Associates London Ltd

69 Banstead Road
Carshalton
SM5 3NP
23 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 1,462    10,233 
Tangible fixed assets 4 7,276    11,560 
8,738    21,793 
Current assets      
Debtors: amounts falling due within one year 239,956    180,848 
Cash at bank and in hand 11,819    54,362 
251,775    235,210 
Creditors: amount falling due within one year (108,147)   (119,863)
Net current assets 143,628    115,347 
 
Total assets less current liabilities 152,366    137,140 
Creditors: amount falling due after more than one year (34,120)   (40,545)
Net assets 118,246    96,595 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 118,146    96,495 
Shareholders' funds 118,246    96,595 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 23 March 2025 and were signed by:


-------------------------------
Vidhyashankar Shanmugasarma
Director
2
General Information
Mayfair Associates London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10959312, registration address 69 Banstead Road, Carshalton, Carshalton, SM5 3NP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 33.33 Straight Line
Fixtures and Fittings 20.00 Straight Line
Computer Equipment 33.33 Straight Line
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 7).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 August 2023 76,858    76,858 
Additions  
Disposals  
At 31 July 2024 76,858    76,858 
Amortisation
At 01 August 2023 66,625    66,625 
Charge for year 8,771    8,771 
On disposals  
At 31 July 2024 75,396    75,396 
Net book values
At 31 July 2024 1,462    1,462 
At 31 July 2023 10,233    10,233 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 August 2023 10,752    20,309    20,753    51,814 
Additions 900        900 
Disposals      
At 31 July 2024 11,652    20,309    20,753    52,714 
Depreciation
At 01 August 2023 8,104    13,672    18,478    40,254 
Charge for year 1,790    2,117    1,277    5,184 
On disposals      
At 31 July 2024 9,894    15,789    19,755    45,438 
Net book values
Closing balance as at 31 July 2024 1,758    4,520    998    7,276 
Opening balance as at 01 August 2023 2,648    6,637    2,275    11,560 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
RJS Residential Ltd(3,000)
RJS London Investments Ltd142,456 142,456 
RJS Advisory Ltd45,376 15,148 (30,228)
3