REGISTERED NUMBER: 06012178 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MAYFAIR ACQUISITIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S K Nanda

Dr S K Nanda

L G Nanda

SECRETARY:

Mrs K J Nanda

REGISTERED OFFICE:

217 East India Dock Road

London

E14 0ED

REGISTERED NUMBER:

06012178 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

184,200

245,600

Investment property

5

42,665,245

42,632,445

42,849,445

42,878,045

CURRENT ASSETS

Debtors

6

12,732,933

13,789,285

Cash at bank

241,564

188,875

12,974,497

13,978,160

CREDITORS

Amounts falling due within one year

7

617,388

738,650

NET CURRENT ASSETS

12,357,109

13,239,510

TOTAL ASSETS LESS CURRENT LIABILITIES

55,206,554

56,117,555

CREDITORS

Amounts falling due after more than one year

8

(44,969,412

)

(45,514,424

)

PROVISIONS FOR LIABILITIES

(4,960,770

)

(4,960,770

)

NET ASSETS

5,276,372

5,642,361

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

3,007,278

3,007,278

Retained earnings

2,269,093

2,635,082

5,276,372

5,642,361

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 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.

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 23 September 2025 and were signed on its behalf by:

L G Nanda - Director

S K Nanda - Director

1.	STATUTORY INFORMATION

Mayfair Acquisitions Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax .

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

Taxation

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

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

42,306

307,050

724

350,080

DEPRECIATION

At 1 January 2024

35,243

68,742

495

104,480

Charge for year

1,766

59,577

57

61,400

At 31 December 2024

37,009

128,319

552

165,880

NET BOOK VALUE

At 31 December 2024

5,297

178,731

172

184,200

At 31 December 2023

7,063

238,308

229

245,600

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

42,632,445

Additions

32,800

At 31 December 2024

42,665,245

NET BOOK VALUE

At 31 December 2024

42,665,245

At 31 December 2023

42,632,445

Fair value at 31 December 2024 is represented by:

£

Valuation in 2009

(368,979

)

Valuation in 2010

(74,074

)

Valuation in 2011

437,626

Valuation in 2014

1,099,928

Valuation in 2015

744,199

Valuation in 2018

741,390

Valuation in 2020

1,429,613

Cost

38,655,542

42,665,245

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

110,136

188,427

Other debtors

1,179

708,707

111,315

897,134

Amounts falling due after more than one year:

Amounts owed by group undertakings

5,125,234

5,793,314

Amounts owed by associates

7,496,384

7,098,837

12,621,618

12,892,151

Aggregate amounts

12,732,933

13,789,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

867

-

Hire purchase contracts

27,237

37,771

Trade creditors

6,443

79,014

Taxation and social security

22,527

29,865

Other creditors

560,314

592,000

617,388

738,650

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

25,750,000

25,250,000

Hire purchase contracts

180,653

207,890

Amounts owed to group undertakings

19,038,759

18,147,951

Amounts owed to associates

-

1,908,583

44,969,412

45,514,424

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank Loan

25,750,000

25,250,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank Loans

25,750,000

25,250,000

The Bank Loan is secured by a first charge on the company's freehold properties as well as the properties of associated companies

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

3,007,278

11.	RELATED PARTY DISCLOSURES

Included under debtors, amount owed by group undertakings is:-

a. £809,242 (2023 £1,016,781) amount due from Nanda Group Limited

B. £4,315,992 (2023 £4,691,946) Amount due from ALS Investments Limited

Included under debtors, amounts owed by associates is:-

a. £1,843,447 (2023 £2,083,710) amount due from Sarvoy Limited

b. £85,628 (2023 £217,178) amount due from LRN Investments Limited

c. £2,121,310 (2023 £2,030,883) amount due from Delta Acquisitions Ltd

d. £678,020 (2023 £660,674 ) amount due from 3N Acquisitions Limited

e. £2,479,169 (2023 £1,811,944 ) amount due from SKK Nanda LLP

f. £2,500 (2023 £Nil) amount due from SRN Ltd

g. 286,310 (2023 Creditor £1,512,801) amount due from 3N Investments Limited

Included under creditors, amount owed to group undertakings is:-

a. £19,038,759 (2023 £17,154,267) amount due to Nanda & Sons Investments Limited

12.	PARENT COMPANY

The company is a wholly owned subsidiary of Nanda Group Ltd