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REGISTERED NUMBER: 11644842 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MAYS WALTER LTD

MAYS WALTER LTD (REGISTERED NUMBER: 11644842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MAYS WALTER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J Niederman
M Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 11644842 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MAYS WALTER LTD (REGISTERED NUMBER: 11644842)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Investment property 4 1,804,439 1,214,085

CURRENT ASSETS
Debtors 5 3,821 2,073
Cash at bank 9,622 38,788
13,443 40,861
CREDITORS
Amounts falling due within one year 6 (397,427 ) (375,282 )
NET CURRENT LIABILITIES (383,984 ) (334,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,420,455

879,664

CREDITORS
Amounts falling due after more than one
year

7

(1,446,984

)

(875,586

)
NET (LIABILITIES)/ASSETS (26,529 ) 4,078

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (26,531 ) 4,076
SHAREHOLDERS' FUNDS (26,529 ) 4,078

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MAYS WALTER LTD (REGISTERED NUMBER: 11644842)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 29 July 2025 and were signed on its behalf by:




J Niederman - Director



M Schreiber - Director


MAYS WALTER LTD (REGISTERED NUMBER: 11644842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Mays Walter Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net rent receivable, excluding value added tax.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,214,085
Additions 590,354
At 31 October 2024 1,804,439
NET BOOK VALUE
At 31 October 2024 1,804,439
At 31 October 2023 1,214,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors - 1,639
Amounts owed by participating interests 3,387 -
Other debtors 434 434
3,821 2,073

MAYS WALTER LTD (REGISTERED NUMBER: 11644842)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 34,604 40,493
Trade creditors 1,350 (1 )
Amounts owed to participating interests 342,851 316,228
Taxation and social security 777 2,037
Other creditors 17,845 16,525
397,427 375,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 1,446,984 875,586

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,446,984 875,586

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Niederman.