Mayflower Developments and Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4167003

Mayflower Developments and Estates Limited

Filleted Financial Statements

30 June 2025

Mayflower Developments and Estates Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		–	620,000

Current assets

Debtors	5	3,728	65,467
Cash at bank and in hand		72,003	4,954
		--------	--------
		75,731	70,421

Creditors: amounts falling due within one year	6	( 21,485)		( 1,423,207)
		--------		------------
Net current assets/(liabilities)			54,246	( 1,352,786)
			--------	------------
Total assets less current liabilities			54,246	( 732,786)

Creditors: amounts falling due after more than one year	7		–	( 421,239)

Provisions

Taxation including deferred tax	–	( 61,734)
	--------	------------
Net assets/(liabilities)	54,246	( 1,215,759)
	--------	------------

Capital and reserves

Called up share capital	9	2	2
Revaluation reserve	10	–	185,204
Profit and loss account	10	54,244	( 1,400,965)
		--------	------------
Shareholder funds/(deficit)		54,246	( 1,215,759)
		--------	------------

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.

The director acknowledges his 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 were approved by the board of directors and authorised for issue on 30 June 2026 , and are signed on behalf of the board by:

Mr E M Cresswell
Director

Company registration number: 4167003

Mayflower Developments and Estates Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.

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.

Going concern

In the opinion of the director the company is a going concern as it has the financial resources to be able to meet its liabilities as they fall due for the foreseeable future, being not less than one year from the date of approval of these financial statements. In view of the existing level of resources available to the company the financial statements are prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Investment property revenues will derive from rental income invoiced periodically to tenants in accordance with a commercial letting agreement.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Investment property	Total
	£	£
Cost
At 1 July 2024	620,000	620,000
Disposals	( 620,000)	( 620,000)
	---------	---------
At 30 June 2025	–	–
	---------	---------
Depreciation
At 1 July 2024 and 30 June 2025	–	–
	---------	---------
Carrying amount
At 30 June 2025	–	–
	---------	---------
At 30 June 2024	620,000	620,000
	---------	---------

During the year the freehold investment property was disposed of at its market value of £620,000.

5. Debtors

	2025	2024
	£	£
Other debtors	3,728	65,467
	-------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	13,985	14,771
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	1,397,538
Other creditors	7,500	10,898
	--------	------------
	21,485	1,423,207
	--------	------------

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

	2025	2024
	£	£
Bank loans and overdrafts	–	421,239
	----	---------

During the year the company repaid in full the balance of the buy to let mortgage held with Lendinvest.

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in debtors (note 5)	–	61,734
Included in provisions	–	( 61,734)
	----	--------
	–	–
	----	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of investment property	–	61,734
Unused tax losses	–	( 61,734)
	----	--------
	–	–
	----	--------

9. Called up share capital

Issued, called up and fully paid

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

10. Reserves

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.

11. Summary audit opinion

The auditor's report dated 15 July 2026 was unqualified .

The senior statutory auditor was Mark Richardson , for and on behalf of Moore Kingston Smith LLP .

12. Related party transactions

During the year the debt with immediate parent was written off. Aside from the above there were no other related party transactions or balances were noted for disclosure under the requirements of FRS102 Section 1A.

13. Controlling party

Throughout the year, the company's immediate parent undertaking was Maclean Cresswell Associates Limited , a company registered in England, whose accounts can be obtained from, Registrar of Companies, Companies House, Crown Way, Cardiff CF14 3UZ. The ultimate parent undertaking is No Horizon Ltd , a company registered in England and introduced as the ultimate parent undertaking during the year. No Horizon Ltd is controlled by Mr E M Cresswell , by virtue of his controlling interest in the share capital of this company, and therefore, he is the ultimate controlling party of Mayflower Developments and Estates Limited .