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Registration number: 11217047

May Fradley Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

May Fradley Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

May Fradley Limited

(Registration number: 11217047)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

632,593

632,593

Investments

5

100

100

 

632,693

632,693

Current assets

 

Debtors

6

46,057

346,908

Cash at bank and in hand

 

74,899

35,331

 

120,956

382,239

Creditors: Amounts falling due within one year

7

(34,317)

(303,199)

Net current assets

 

86,639

79,040

Net assets

 

719,332

711,733

Capital and reserves

 

Called up share capital

100

100

Retained earnings

719,232

711,633

Shareholders' funds

 

719,332

711,733

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

.........................................
D J Morris
Director

   
     
 

May Fradley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Imperial Buildings
20 - 22 Bull Ring
High Street
Northwich
Cheshire
CW9 5BU
England

These financial statements were authorised for issue by the Board on 18 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling whcih is the functional currency of the entity.

Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

May Fradley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 September 2023

632,593

At 31 August 2024

632,593

There has been no valuation of investment property by an independent valuer. The director, having considered the value of the investment property on an open market basis, has determined that there has been no change during the year.

 

May Fradley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 September 2023

100

Provision

Carrying amount

At 31 August 2024

100

At 31 August 2023

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Integrated MEP Limited

Imperial Buildings 20-22 Bull Ring, High Street, Northwich, CW9 5BU.

England

Ordinary

100%

100%

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

-

300,054

Prepayments

 

3,422

2,719

Other debtors

 

42,635

44,135

   

46,057

346,908

 

May Fradley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

15,215

-

Taxation and social security

 

9,396

5,822

Accruals and deferred income

 

1,260

-

Other creditors

 

8,446

297,377

 

34,317

303,199