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Company Registration No. 1215097 (England and Wales)
May & Philpot Management Limited Unaudited accounts for the year ended 31 May 2025
May & Philpot Management Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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May & Philpot Management Limited Company Information for the year ended 31 May 2025
Directors
Jonathan Lovejoy Georgina Lovejoy Michael Thornton Rachael Thornton
Company Number
1215097 (England and Wales)
Registered Office
6 Sylvan Gardens Surbiton Surrey KT6 6PP
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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May & Philpot Management Limited Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
196,603 
199,537 
Current assets
Debtors
5
192,724 
289,948 
Cash at bank and in hand
101,645 
159,486 
294,369 
449,434 
Creditors: amounts falling due within one year
6
(6,750)
(7,411)
Net current assets
287,619 
442,023 
Total assets less current liabilities
484,222 
641,560 
Creditors: amounts falling due after more than one year
7
(11,500)
(11,500)
Net assets
472,722 
630,060 
Capital and reserves
Called up share capital
1,000 
1,000 
Capital redemption reserve
100,436 
100,436 
Profit and loss account
371,286 
528,624 
Shareholders' funds
472,722 
630,060 
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by
Jonathan Lovejoy Director Company Registration No. 1215097
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May & Philpot Management Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
May & Philpot Management Limited is a private company, limited by shares, registered in England and Wales, registration number 1215097. The registered office is 6 Sylvan Gardens, Surbiton, Surrey, KT6 6PP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2024
293,425 
970 
3,609 
298,004 
At 31 May 2025
293,425 
970 
3,609 
298,004 
Depreciation
At 1 June 2024
93,888 
970 
3,609 
98,467 
Charge for the year
2,934 
- 
- 
2,934 
At 31 May 2025
96,822 
970 
3,609 
101,401 
Net book value
At 31 May 2025
196,603 
- 
- 
196,603 
At 31 May 2024
199,537 
- 
- 
199,537 
- 5 -
May & Philpot Management Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,652 
4,918 
Other debtors
121,886 
196,652 
129,538 
201,570 
Amounts falling due after more than one year
Other debtors
63,186 
88,378 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
701 
1,362 
Accruals
2,216 
2,216 
Deferred income
3,833 
3,833 
6,750 
7,411 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
11,500 
11,500 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Georgina Lovejoy
Directors loan
98,325 
- 
37,383 
60,942 
Rachael Thornton
Directors loan
98,325 
- 
37,383 
60,942 
196,650 
- 
74,766 
121,884 
During the year, the company received repayments of £74,766 (2024: 74,766).The balance will continue to be repaid each year by each director until fully repaid. The loans to G Lovejoy & R Thornton are charged at the HMRC official rate of interest for beneficial loans and each director pays this amount in full each year.
9
Average number of employees
During the year the average number of employees was 2 (2024: 4).
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