MAYLANDS ESTATES LIMITED


Director	MAY, Julia Mary, Lady


Registered Address	4 Common Farm Lane
	Flitwick
	Bedford
	MK45 1BB


Registered Number	12010048 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,003,557		2,062,212
Investments	4		1		1
			2,003,558		2,062,213
Current assets
Debtors		5,291		3,576
Cash at bank and on hand		42,187		42,327
		47,478		45,903
Creditors amounts falling due within one year		(1,939,136)		(1,934,658)
Net current assets (liabilities)			(1,891,658)		(1,888,755)
Total assets less current liabilities			111,900		173,458
Creditors amounts falling due after one year			(4,768)		(2,634)
Provisions for liabilities			(9,620)		(20,631)
Net assets			97,512		150,193
Capital and reserves
Called up share capital			100		100
Profit and loss account			97,412		150,093
Shareholders' funds	6		97,512		150,193

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 Director acknowledges 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 31 December 2025, and are signed on its behalf by:

MAY, Julia Mary, Lady
Director
Registered Company No. 12010048

MAYLANDS ESTATES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	2,063,398
	Revaluations	(58,896)
	At 31 March 25	2,004,502
	Depreciation and impairment
	At 01 April 24	1,186
	Charge for year	547
	On disposals	(788)
	At 31 March 25	944
	Net book value
	At 31 March 25	2,003,557
	At 31 March 24	2,062,212


	Tangible fixed assets includes Investment properties which are initially measured at cost and they are then subsequently remeasured and recognised at their prevailing open market values at the Company's balance sheet date. A professional valuer was not solicited for the purpose of deriving the fair value of the properties recognised at the balance sheet date. The current market valuation recognised for each respective property was formed with reference to openly available and local housing market information, with an appropriate adjustment administered to reflect the known condition and marketability of the properties.

Tangible fixed assets includes Investment properties which are initially measured at cost and they are then subsequently remeasured and recognised at their prevailing open market values at the Company's balance sheet date. A professional valuer was not solicited for the purpose of deriving the fair value of the properties recognised at the balance sheet date. The current market valuation recognised for each respective property was formed with reference to openly available and local housing market information, with an appropriate adjustment administered to reflect the known condition and marketability of the properties.

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 April 24	1
	At 31 March 25	1
	Net book value
	At 31 March 25	1
	At 31 March 24	1

5.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
MAY, Julia Mary, Lady	2,012	44,542	46,554	0
	2,012	44,542	46,554	0

6.	Fair value reserve
	The fair value reserve recognises the fair value gains on the Company's investment properties. It is measured net of the deferred tax provision arising from the unrealised fair value gains on the investment properties. During the year, one property had reduced in value per third party valuation.


		£
	Fair value reserve at 01 April 24	87,955
	Transferred in period	(46,945)
	At 31 March 25	41,010