Mayfair Banqueting Limited - Filleted accounts

Registered number

12026509

Mayfair Banqueting Limited

Unaudited Filleted Accounts

For the Year Ended

31 October 2025

Mayfair Banqueting Limited
Registered number:		12026509
Statement of Financial Position
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		196,428			214,347

Current assets
Stocks		43,734			42,340
Debtors	5	142,245			335,727
Cash at bank and in hand		148,611			19,865
		334,590			397,932

Creditors: amounts falling due within one year	6	(979,746)			(1,031,501)

Net current liabilities			(645,156)			(633,569)

Total assets less current liabilities			(448,728)			(419,222)

Creditors: amounts falling due after more than one year	7		(30,128)			(36,264)

Net liabilities			(478,856)			(455,486)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(478,956)			(455,586)

Shareholders' funds			(478,856)			(455,486)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr. P. Hanna
Director
Approved by the board on 15 July 2026

Mayfair Banqueting Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Accounting convention

	These accounts 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 accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £.
	The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.


	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment			20% reducing balance

	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.


	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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			35		36


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 November 2024					7,000
	At 31 October 2025					7,000

	Amortisation
	At 1 November 2024					7,000
	At 31 October 2025					7,000

	Net book value
	At 31 October 2025					-


4	Tangible fixed assets
		Leasehold improvements		Fixtures, fittings and equipment		Total
£			£		£
	Cost
	At 1 November 2024	124,755		162,230		286,985
	At 31 October 2025	124,755		162,230		286,985

	Depreciation
	At 1 November 2024	-		72,638		72,638
	Charge for the year	-		17,919		17,919
	At 31 October 2025	-		90,557		90,557

	Net book value
	At 31 October 2025	124,755		71,673		196,428
	At 31 October 2024	124,755		89,592		214,347


5	Debtors			2025		2024
£					£

	Other debtors			142,245		335,727


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			409,586		433,195
	Taxation and social security costs			499,312		519,133
	Other creditors			70,848		79,173
				979,746		1,031,501


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loan			30,128		36,264