REGISTERED NUMBER: 09714111 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2024 to 31 March 2025

for

Mayne Property Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Mayne

Mrs M Mayne

REGISTERED OFFICE:

Unit 12, Pickwick Park

Corsham

SN13 0HN

REGISTERED NUMBER:

09714111 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

24,537

28,192

Investment property

5

708,333

850,000

732,870

878,192

CURRENT ASSETS

Debtors

6

29,911

30,585

Cash at bank

756

3,587

30,667

34,172

CREDITORS

Amounts falling due within one year

7

654,114

393,126

NET CURRENT LIABILITIES

(623,447

)

(358,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,423

519,238

CREDITORS

Amounts falling due after more than one year

8

274,370

577,199

NET LIABILITIES

(164,947

)

(57,961

)

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

213,252

255,902

Retained earnings

(378,299

)

(313,963

)

SHAREHOLDERS' FUNDS

(164,947

)

(57,961

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 11 December 2025 and were signed on its behalf by:

D Mayne - Director

1.	STATUTORY INFORMATION

Mayne Property Solutions 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for as follows:

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Going concern

The directors are satisfied that the company will continue to generate sufficient funds to pay debts as they fall due.

The ability of the company to continue to pay its debts as and when they fall due is dependent upon the continuing financial support of the directors to the company and the ability to generate sufficient cash flow in the future.

The accounts have therefore been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

2,625

647

9,188

Additions

-

-

-

At 31 March 2025

2,625

647

9,188

DEPRECIATION

At 1 September 2024

594

604

3,791

Charge for period

153

18

536

At 31 March 2025

747

622

4,327

NET BOOK VALUE

At 31 March 2025

1,878

25

4,861

At 31 August 2024

2,031

43

5,397

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

28,606

1,833

42,899

Additions

-

606

606

At 31 March 2025

28,606

2,439

43,505

DEPRECIATION

At 1 September 2024

8,106

1,612

14,707

Charge for period

3,337

217

4,261

At 31 March 2025

11,443

1,829

18,968

NET BOOK VALUE

At 31 March 2025

17,163

610

24,537

At 31 August 2024

20,500

221

28,192

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 March 2025

23,845

DEPRECIATION

At 1 September 2024

7,154

Charge for period

2,782

At 31 March 2025

9,936

NET BOOK VALUE

At 31 March 2025

13,909

At 31 August 2024

16,691

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

850,000

Disposals

(141,667

)

At 31 March 2025

708,333

NET BOOK VALUE

At 31 March 2025

708,333

At 31 August 2024

850,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

201,003

Valuation in 2022

50,000

Valuation in 2023

33,333

Cost

423,997

708,333

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

423,997

508,797

Investment property was valued on an open market basis on 31 August 2023 by the Director, David Mayne .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,066

91

Other debtors

19,845

30,494

29,911

30,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,404

3,404

Taxation and social security

28,931

1,549

Other creditors

621,779

388,173

654,114

393,126

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,403

15,389

Other creditors

260,967

561,810

274,370

577,199

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

211,477

314,829

9.

RESERVES

Fair

value

reserve

£

At 1 September 2024

255,902

Revaluation on investments

(42,650

)

At 31 March 2025

213,252