Registration number: 13706261

Mayes Park Limited

Contents
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Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Mayes Park Limited

Company Information
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Director

James Clapshaw

Registered office

Viewlands Broomehall Road Coldharbour Dorking Surrey RH5 6HJ

Accountants

Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Mayes Park Limited

(Registration number: 13706261)
Balance Sheet as at 31 December 2024
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	Note	2024 £		2023 £
Fixed assets
Tangible assets	3		5,249,383		5,254,578
Current assets
Stocks	4	13,175		-
Debtors	5	20,917		1
Cash at bank and in hand		164,586		199,016
		198,678		199,017
Creditors: Amounts falling due within one year	6	(127,404)		(140,255)
Net current assets			71,274		58,762
Total assets less current liabilities			5,320,657		5,313,340
Creditors: Amounts falling due after more than one year	6		(1,250,000)		(1,250,000)
Net assets			4,070,657		4,063,340
Capital and reserves
Called up share capital	7	1		1
Retained earnings		4,070,656		4,063,339
Shareholders' funds			4,070,657		4,063,340

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

Director's 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 director acknowledges 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2025
 

......................................... James Clapshaw Director

Mayes Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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1	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Mayes Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2	Staff numbers

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

Mayes Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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3	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	5,233,800	36,938	5,270,738
At 31 December 2024	5,233,800	36,938	5,270,738
Depreciation
At 1 January 2024	-	16,160	16,160
Charge for the year	-	5,195	5,195
At 31 December 2024	-	21,355	21,355
Carrying amount
At 31 December 2024	5,233,800	15,583	5,249,383
At 31 December 2023	5,233,800	20,778	5,254,578

Included within the net book value of land and buildings above is £5,233,800 (2023 - £5,233,800) in respect of freehold land and buildings.
 

4

Stocks

	2024 £	2023 £
Other inventories	13,175	-

5

Debtors

Current	2024 £	2023 £
Other debtors	20,917	1
	20,917	1

Mayes Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	4,336	4,752
Accruals and deferred income	3,146	8,391
Other creditors	119,922	127,112
	127,404	140,255

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	1,250,000	1,250,000

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	1,250,000	1,250,000