Mayhew Estates East Grinstead Limited - Accounts to registrar (filleted)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mayhew Estates East Grinstead Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L M Mayhew

C J Mayhew

REGISTERED OFFICE:

117 London Road

East Grinstead

West Sussex

RH19 1EQ

REGISTERED NUMBER:

05751537 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

23,862

32,574

CURRENT ASSETS

Debtors

5

840,859

853,516

Cash at bank

481,693

547,461

1,322,552

1,400,977

CREDITORS

Amounts falling due within one year

6

319,394

274,094

NET CURRENT ASSETS

1,003,158

1,126,883

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,027,020

1,159,457

CREDITORS

Amounts falling due after more than one
year

7

(35,316

)

(70,794

)

PROVISIONS FOR LIABILITIES

9

(8,144

)

(8,144

)

NET ASSETS

983,560

1,080,519

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

983,558

1,080,517

SHAREHOLDERS' FUNDS

983,560

1,080,519

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C J Mayhew - Director

1.	STATUTORY INFORMATION

Mayhew Estates East Grinstead 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

54,100

30,733

91,660

37,024

213,517

DEPRECIATION

At 1 January 2024

54,100

30,719

62,160

33,964

180,943

Charge for year

-

14

7,375

1,323

8,712

At 31 December 2024

54,100

30,733

69,535

35,287

189,655

NET BOOK VALUE

At 31 December 2024

-

22,125

1,737

23,862

At 31 December 2023

-

14

29,500

3,060

32,574

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

3,000

14,064

Other debtors

422,434

422,262

Amounts due from group undertakings

312,545

314,310

Tax

102,880

840,859

853,516

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 8)

103,055

28,534

Trade creditors

45,585

45,845

Amounts owed to group undertakings

11,325

Amounts owed to associates

75,590

105,729

Tax

41,507

41,888

Social security and other taxes

9,090

6,994

VAT

26,575

27,612

Accrued expenses

6,667

6,167

319,394

274,094

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans (see note 8)

35,316

70,794

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

35,316

70,794

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank overdrafts

74,559

-

Bank loans

28,496

28,534

103,055

28,534

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

35,316

70,794

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

8,144

Deferred

tax

£

Balance at 1 January 2024

8,144

Balance at 31 December 2024

8,144

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2

Ordinary Shares

£1

2