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Registration number: 03280426

Mayfair Estates Property Investment Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2023

Mayfair Estates Property Investment Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 9

Mayfair Estates Property Investment Limited

Company Information

Director | Mr R D Levin

Registered office | The Atrium 149 Portsmouth Road Horndean Waterlooville Hampshire England PO8 9LG

Accountants | MMO Limited Chartered AccountantsWellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mayfair Estates Property Investment Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mayfair Estates Property Investment Limited for the year ended 30 September 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Mayfair Estates Property Investment Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mayfair Estates Property Investment Limited and state those matters that we have agreed to state to the Board of Directors of Mayfair Estates Property Investment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayfair Estates Property Investment Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mayfair Estates Property Investment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mayfair Estates Property Investment Limited. You consider that Mayfair Estates Property Investment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mayfair Estates Property Investment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

11 June 2026

Mayfair Estates Property Investment Limited

(Registration number: 03280426)
Balance Sheet as at 30 September 2023

| Note | 2023 £ | 2022 £
Fixed assets |  |  |
Tangible assets | 4 | 2,945,962 | 2,658,181
Current assets |  |  |
Stocks | 5 | 2,319 | 2,319
Debtors | 6 | 881,412 | 922,257
Cash at bank and in hand |  | 18,054 | 12,875
|  | 901,785 | 937,451
Creditors: Amounts falling due within one year | 8 | (1,818,064) | (1,769,412)
Net current liabilities |  | (916,279) | (831,961)
Total assets less current liabilities |  | 2,029,683 | 1,826,220
Creditors: Amounts falling due after more than one year | 8 | (40,202) | (41,236)
Provisions for liabilities |  | (54,119) | (54,119)
Net assets |  | 1,935,362 | 1,730,865
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Revaluation reserve |  | 162,357 | 162,357
Retained earnings |  | 1,772,905 | 1,568,408
Shareholders' funds |  | 1,935,362 | 1,730,865

For the financial year ending 30 September 2023 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 June 2026

......................................... Mr R D Levin Director

Mayfair Estates Property Investment Limited

Statement of Changes in Equity for the Year Ended 30 September 2023

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 October 2022 | 100 | 162,357 | 1,568,408 | 1,730,865
Profit for the year | - | - | 204,497 | 204,497
At 30 September 2023 | 100 | 162,357 | 1,772,905 | 1,935,362

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 October 2021 | 100 | (328,320) | 1,452,339 | 1,124,119
Profit for the year | - | - | 606,746 | 606,746
Other comprehensive income | - | 490,677 | (490,677) | -
Total comprehensive income | - | 490,677 | 116,069 | 606,746
At 30 September 2022 | 100 | 162,357 | 1,568,408 | 1,730,865

Mayfair Estates Property Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Atrium
149 Portsmouth Road
Horndean
Waterlooville
Hampshire
PO8 9LG
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, 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.

Mayfair Estates Property Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 10% straight line
Equipment | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Mayfair Estates Property Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 October 2022 | 2,658,001 | 236,536 | 2,894,537
Additions | 452,072 | - | 452,072
Disposals | (164,246) | - | (164,246)
At 30 September 2023 | 2,945,827 | 236,536 | 3,182,363
Depreciation
At 1 October 2022 | - | 236,356 | 236,356
Charge for the year | - | 45 | 45
At 30 September 2023 | - | 236,401 | 236,401
Carrying amount
At 30 September 2023 | 2,945,827 | 135 | 2,945,962
At 30 September 2022 | 2,658,001 | 180 | 2,658,181

Included within the net book value of land and buildings above is £2,945,827 (2022 - £2,658,001) in respect of freehold land and buildings.

Mayfair Estates Property Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5 | Stocks

| 2023 £ | 2022 £
Finished goods and goods for resale | 2,319 | 2,319

6 | Debtors

| Note | 2023 £ | 2022 £
Amounts owed by related parties |  | 164,247 | -
Other debtors |  | 717,165 | 897,841
Prepayments |  | - | 24,416
|  | 881,412 | 922,257

7 | Loans and borrowings

Non-current loans and borrowings

| 2023 £ | 2022 £
Bank borrowings | 40,202 | 41,236

Current loans and borrowings

| 2023 £ | 2022 £
Bank borrowings | 5,010 | 9,631
Other borrowings | - | 50,000
| 5,010 | 59,631

Mayfair Estates Property Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2023 £ | 2022 £
Due within one year |  |  |
Loans and borrowings | 7 | 5,010 | 59,631
Taxation and social security |  | 2,932 | 2,931
Accruals and deferred income |  | 44,071 | 90,157
Other creditors |  | 1,766,051 | 1,616,693
|  | 1,818,064 | 1,769,412

Creditors: amounts falling due after more than one year

| Note | 2023 £ | 2022 £
Due after one year |  |  |
Loans and borrowings | 7 | 40,202 | 41,236

9 | Share capital

Allotted, called up and fully paid shares

| 2023 | 2022
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100