MAYFAIR INSURANCE AND MORTGAGE CONSULTANTS LIMITED


Directors	HOPKIN, Nicholas John
	MOLITERNO, Gaetano Francesco


Company Secretary	MOLITERNO, Gaetano Francesco


Registered Address	11 Lurke Street
	Bedford
	Bedfordshire
	MK40 3HZ


Registered Number	02275219 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		18,811		22,338
			18,811		22,338
Current assets
Debtors		607,543		740,862
Cash at bank and on hand		211,458		209,047
		819,001		949,909
Prepayments and accrued income		-		60,083
Creditors amounts falling due within one year	4	(598,547)		(612,982)
Net current assets (liabilities)			220,454		397,010
Total assets less current liabilities			239,265		419,348
Creditors amounts falling due after one year	5		(4,324)		(14,327)
Net assets			234,941		405,021
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			233,941		404,021
Shareholders' funds			234,941		405,021

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2025, and are signed on its behalf by:

HOPKIN, Nicholas John
Director

MOLITERNO, Gaetano Francesco
Director

Registered Company No. 02275219

MAYFAIR INSURANCE AND MORTGAGE CONSULTANTS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	20
	Vehicles	20
	Office Equipment	20

2.	Average number of employees


		2024		2023
	Average number of employees during the year	10		10

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	94,118	36,947	93,689	335,819	560,573
Additions	-	-	-	1,175	1,175
At 31 December 24	94,118	36,947	93,689	336,994	561,748
Depreciation and impairment
At 01 January 24	94,118	30,956	88,826	324,335	538,235
Charge for year	-	1,198	973	2,531	4,702
At 31 December 24	94,118	32,154	89,799	326,866	542,937
Net book value
At 31 December 24	-	4,793	3,890	10,128	18,811
At 31 December 23	-	5,991	4,863	11,484	22,338

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	572,029	556,678
Bank borrowings and overdrafts	9,840	9,840
Taxation and social security	13,525	27,861
Accrued liabilities and deferred income	3,153	18,603
Total	598,547	612,982

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,324	14,327
Total	4,324	14,327