Company registration number 05072229 (England and Wales)
MAYLAMS QUAY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MAYLAMS QUAY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
MAYLAMS QUAY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,071,802
7,084,680
Current assets
Debtors
5
21,438
30,535
Cash at bank and in hand
273,233
972,616
294,671
1,003,151
Creditors: amounts falling due within one year
6
(751,566)
(4,832,112)
Net current liabilities
(456,895)
(3,828,961)
Total assets less current liabilities
6,614,907
3,255,719
Creditors: amounts falling due after more than one year
7
(3,061,150)
-
0
Provisions for liabilities
8
(388,218)
(342,764)
Net assets
3,165,539
2,912,955
Capital and reserves
Called up share capital
9
1,000
1,000
Revaluation reserve
10
577,963
462,624
Profit and loss reserves
11
2,586,576
2,449,331
Total equity
3,165,539
2,912,955
MAYLAMS QUAY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2026 and are signed on its behalf by:
N Moore
Director
Company registration number 05072229 (England and Wales)
MAYLAMS QUAY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2024
1,000
349,546
2,313,068
2,663,614
Year ended 31 December 2024:
Profit
-
-
136,263
136,263
Other comprehensive income:
Revaluation of tangible fixed assets
-
113,078
-
113,078
Total comprehensive income
-
113,078
136,263
249,341
Balance at 31 December 2024
1,000
462,624
2,449,331
2,912,955
Year ended 31 December 2025:
Profit
-
-
137,245
137,245
Other comprehensive income:
Revaluation of tangible fixed assets
-
115,339
-
115,339
Total comprehensive income
-
115,339
137,245
252,584
Balance at 31 December 2025
1,000
577,963
2,586,576
3,165,539
MAYLAMS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Maylams Quay Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents income from the provision of serviced office facilities and is accounted for over the period that the service is provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings freehold
straight line over 50 years
Plant and machinery etc
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

MAYLAMS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MAYLAMS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and legislation. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the accounts.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
7
MAYLAMS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 January 2025
7,689,250
631,557
8,320,807
Additions
-
0
123,432
123,432
Revaluation
153,785
-
0
153,785
At 31 December 2025
7,843,035
754,989
8,598,024
Depreciation and impairment
At 1 January 2025
689,250
546,877
1,236,127
Depreciation charged in the year
153,785
136,310
290,095
At 31 December 2025
843,035
683,187
1,526,222
Carrying amount
At 31 December 2025
7,000,000
71,802
7,071,802
At 31 December 2024
7,000,000
84,680
7,084,680

At the balance sheet date, l and and buildings were valued at £7,000,000 by directors of the company. The land and buildings have an original cost of £6,533,939.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
21,272
9,524
Other debtors
166
21,011
21,438
30,535
MAYLAMS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
453,769
4,472,582
Trade creditors
17,864
32,919
Corporation tax
89,196
112,445
Other taxation and social security
41,217
46,900
Other creditors
149,520
167,266
751,566
4,832,112

The bank loan is secured by a first legal charge over the freehold property known as Riverbridge House, Guildford Road, Fetcham, Leatherhead and its associated assets. This property is included within fixed assets in the accounts. In addition, a debenture is secured over the whole assets and undertaking of the company.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,061,150
-
0
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
388,218
342,764
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
1,000
1,000
10
Revaluation reserve
2025
2024
Notes
£
£
At the beginning of the year
462,624
349,546
Revaluations arising in the year
115,339
113,078
At the end of the year
577,963
462,624
MAYLAMS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Revaluation reserve
(Continued)
- 9 -
11
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
2,449,331
2,313,068
Profit for the year
137,245
136,263
At the end of the year
2,586,576
2,449,331
12
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
33,621
32,818
13
Controlling party

During the current and preceding year, Michael Craughwell was the ultimate controller of the company by virtue of his majority shareholding.

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