REGISTERED NUMBER: 02577373 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mayo Property Company Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Ramatalla

SECRETARY:

Mr M Ramatalla

REGISTERED OFFICE:

38/39 Somerset House

Somerset Road

London

SW19 5JA

REGISTERED NUMBER:

02577373 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

972,012

1,000,633

CURRENT ASSETS

Debtors

38,413

38,413

Cash at bank

11,653

7,346

50,066

45,759

CREDITORS

Amounts falling due within one year

393,288

367,495

NET CURRENT LIABILITIES

(343,222

)

(321,736

)

TOTAL ASSETS LESS CURRENT LIABILITIES

628,790

678,897

CREDITORS

Amounts falling due after more than one year

5

(220,303

)

(267,581

)

PROVISIONS FOR LIABILITIES

(222,547

)

(222,547

)

NET ASSETS

185,940

188,769

CAPITAL AND RESERVES

Called up share capital

98,482

98,482

Revaluation reserve

8

890,187

890,187

Retained earnings

(802,729

)

(799,900

)

SHAREHOLDERS' FUNDS

185,940

188,769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

Mr M Ramatalla - Director

1.	STATUTORY INFORMATION

Mayo Property Company 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.

In view of the assumption of continue supports from the long term and short term creditors, the financial statements have been prepared on the basis that the company remains a going concern.

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.

Freehold property

-

5% on cost

Improvements to property

-

5% on cost

Fixtures & fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

1,487,062

Additions

1,629

At 31 March 2025

1,488,691

DEPRECIATION

At 1 April 2024

486,429

Charge for year

30,250

At 31 March 2025

516,679

NET BOOK VALUE

At 31 March 2025

972,012

At 31 March 2024

1,000,633

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2011

1,488,691

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

31.3.25

31.3.24

£

£

Cost

137,266

137,266

Freehold property was valued on an open market basis on 19 December 2011 by the director .

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable by instalments

Loan repayable after 5 years

178,006

224,073

6.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Other Bank Loans

42,297

43,508

Amounts falling due between one and two years:

Bank loans

42,297

43,508

Amounts falling due in more than five years:

Repayable by instalments

Loan repayable after 5 years

178,006

224,073

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

262,600

311,089

Bank loans and overdrafts are secured on the company's properties.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

890,187