0 false false false false false false false false false false true false false false false true false No description of principal activity 2024-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 296,876 147,351 444,227 444,227 296,876 xbrli:pure xbrli:shares iso4217:GBP NI700722 2024-09-01 2025-08-31 NI700722 2025-08-31 NI700722 2024-08-31 NI700722 2023-08-21 2024-08-31 NI700722 2024-08-31 NI700722 2023-08-20 NI700722 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 NI700722 bus:Director1 2024-09-01 2025-08-31 NI700722 core:WithinOneYear 2025-08-31 NI700722 core:WithinOneYear 2024-08-31 NI700722 core:AfterOneYear 2025-08-31 NI700722 core:AfterOneYear 2024-08-31 NI700722 core:ShareCapital 2025-08-31 NI700722 core:ShareCapital 2024-08-31 NI700722 core:RetainedEarningsAccumulatedLosses 2025-08-31 NI700722 core:RetainedEarningsAccumulatedLosses 2024-08-31 NI700722 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 NI700722 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-08-31 NI700722 core:CostValuation core:Non-currentFinancialInstruments 2025-08-31 NI700722 core:Non-currentFinancialInstruments 2025-08-31 NI700722 core:Non-currentFinancialInstruments 2024-08-31 NI700722 bus:SmallEntities 2024-09-01 2025-08-31 NI700722 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 NI700722 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 NI700722 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 NI700722 bus:FullAccounts 2024-09-01 2025-08-31 NI700722 bus:OrdinaryShareClass1 2025-08-31 NI700722 bus:OrdinaryShareClass1 2024-08-31
COMPANY REGISTRATION NUMBER: NI700722

Mayid Properties Limited

Filleted Unaudited Financial Statements

31 August 2025

Mayid Properties Limited

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 4 | 444,227 | 296,876

Current assets

Debtors | 5 | 2,400 | 43,115
Cash at bank and in hand | 6,129 | 3,702
| ------- | --------
| 8,529 | 46,817

Creditors: amounts falling due within one year | 6 | 146,721 | 155,401
| --------- | ---------
Net current liabilities | 138,192 | 108,584
| --------- | ---------
Total assets less current liabilities | 306,035 | 188,292

Creditors: amounts falling due after more than one year | 7 | 293,720 | 184,229
| --------- | ---------
Net assets | 12,315 | 4,063
| --------- | ---------

Capital and reserves

Called up share capital | 8 | 2 | 2
Profit and loss account | 12,313 | 4,061
| -------- | -------
Shareholders funds | 12,315 | 4,063
| -------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mayid Properties Limited

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 23 March 2026 , and are signed on behalf of the board by:

Mr S Mayne |
Director |

Company registration number: NI700722

Mayid Properties Limited

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 23 Windmill Business Park, Windmill Road, Saintfield, Ballynahinch, BT35 7DX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments

| Other investments other than loans
| £
Cost |
At 1 September 2024 | 296,876
Additions | 147,351
| ---------
At 31 August 2025 | 444,227
| ---------
Impairment |
At 1 September 2024 and 31 August 2025 | –
| ---------

Carrying amount |
At 31 August 2025 | 444,227
| ---------
At 31 August 2024 | 296,876
| ---------

During the year the company purchased Unit 22 at Windmill Business Park, Saintfield, for a total of £145,000.
5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 2,400 | 1,680
Other debtors | – | 41,435
| ------- | --------
| 2,400 | 43,115
| ------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 35,933 | 23,762
Trade creditors | 81,589 | 81,236
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 20,000 | –
Corporation tax | 1,935 | 953
Social security and other taxes | 1,722 | –
Other creditors | 5,542 | 49,450
| --------- | ---------
| 146,721 | 155,401
| --------- | ---------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 293,720 | 184,229
| --------- | ---------

8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2 | 2 | 2 | 2
| ---- | ---- | ---- | ----

9. Controlling party
The company is under the control of Mr S Mayne , who is the sole shareholder and director of the company.