Mayes Lane Properties Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14762672

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,275,540		-

			1,275,540		-
Creditors: Amounts Falling Due Within One Year	5	(254,681 )		100

NET CURRENT ASSETS (LIABILITIES)			(254,681 )		100

TOTAL ASSETS LESS CURRENT LIABILITIES			1,020,859		100

Creditors: Amounts Falling Due After More Than One Year	6		(1,051,965 )		-

NET (LIABILITIES)/ASSETS			(31,106 )		100

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(31,206 )		-

SHAREHOLDERS' FUNDS			(31,106)		100

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Oluwaseun Olushanu

Director

29/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Mayes Lane Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14762672 . The registered office is 3 Russell Close, Witham, CM8 1UH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue

Revenue represents rental income receivable from investment properties. Rental income is recognised in the profit and loss account on a straight-line basis over the term of the lease, in accordance with the substance of the lease agreements.

Rental income is recognised when it is earned, regardless of the timing of receipt of cash. Any rent-free periods or lease incentives granted are spread over the lease term and reflected in revenue accordingly.

Service charge income recovered from tenants is recognised as revenue to the extent that the related costs are incurred and the amounts are recoverable from tenants.

Revenue is stated net of value added tax and excludes amounts collected on behalf of third parties.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	-
Additions	1,275,540

As at 31 March 2025	1,275,540

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,275,540	-
Accumulated depreciation and impairment	31,889	-

Carrying amount	1,243,651	-

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Mayes Lane Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to participating interests	250,781	(100 )
Other creditors	3,900	-

	254,681	(100 )

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,051,965	-

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	1,051,965		-

7. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	1,051,965		-

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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