Silverfin false false 30/04/2025 01/05/2024 30/04/2025 Miss E R Johnson 03/03/2023 Mr H R Johnson 13/04/2021 Mr J R Johnson Mrs S E Johnson 13/04/2021 05 January 2026 The principal activity of the Company during the financial period was the letting of commercial properties. 13331778 2025-04-30 13331778 bus:Director1 2025-04-30 13331778 bus:Director2 2025-04-30 13331778 bus:Director4 2025-04-30 13331778 2024-04-30 13331778 core:CurrentFinancialInstruments 2025-04-30 13331778 core:CurrentFinancialInstruments 2024-04-30 13331778 core:ShareCapital 2025-04-30 13331778 core:ShareCapital 2024-04-30 13331778 core:FurtherSpecificReserve1ComponentTotalEquity 2025-04-30 13331778 core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 13331778 core:RetainedEarningsAccumulatedLosses 2025-04-30 13331778 core:RetainedEarningsAccumulatedLosses 2024-04-30 13331778 2024-05-01 2025-04-30 13331778 bus:FilletedAccounts 2024-05-01 2025-04-30 13331778 bus:SmallEntities 2024-05-01 2025-04-30 13331778 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 13331778 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 13331778 bus:Director1 2024-05-01 2025-04-30 13331778 bus:Director2 2024-05-01 2025-04-30 13331778 bus:Director3 2024-05-01 2025-04-30 13331778 bus:Director4 2024-05-01 2025-04-30 13331778 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 13331778 (England and Wales)

# MAYNE ESTATES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

MAYNE ESTATES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

MAYNE ESTATES LIMITED

## BALANCE SHEET

As at 30 April 2025
MAYNE ESTATES LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,018,360 |  | 877,500
|  | 1,018,360 |  | 877,500
Current assets |  |  |  |
Debtors | 4 | 420 |  | 9,787
Cash at bank and in hand |  | 39,775 |  | 28,080
|  | 40,195 |  | 37,867
Creditors: amounts falling due within one year | 5 | ( 892,670) |  | ( 792,926)
Net current liabilities |  | (852,475) |  | (755,059)
Total assets less current liabilities |  | 165,885 |  | 122,441
Provision for liabilities |  | ( 14,995) |  | ( 12,924)
Net assets |  | 150,890 |  | 109,517
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 38,811 |  | 38,770
Profit and loss account |  | 111,979 |  | 70,647
Total shareholders' funds |  | 150,890 |  | 109,517

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mayne Estates Limited (registered number: 13331778) were approved and authorised for issue by the Board of Directors on 05 January 2026. They were signed on its behalf by:

Mr H R Johnson Director |

MAYNE ESTATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
MAYNE ESTATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Mayne Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of rents receivable.
The company recognises revenue when; the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities."

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 877,500
Additions | 138,748
Fair value movement | 2,112
As at 30 April 2025 | 1,018,360

Valuation

The investment properties class of fixed assets have been valued by the directors who are internal to the company. The basis of this valuation was open market value.
There has been no valuation of investment property by an independent valuer.
The class of asset has a current value of £1,016,248 (2024 - £877,500) with a carrying amount of historical cost of £964,553 (2024 - £825,806). The depreciation on this historical cost is £nil (2024 - £nil).

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 420 |  | 9,319
Other debtors | 0 |  | 468
| 420 |  | 9,787

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 222,000 |  | 200,000
Taxation and social security | 9,837 |  | 11,140
Other creditors | 660,833 |  | 581,786
| 892,670 |  | 792,926