REGISTERED NUMBER: 10176790 (England and Wales)

Strategic Report, Director's Report and

Financial Statements for the Year Ended 31 March 2025

for

Mayfield Properties Limited

Page

Company Information

1

Strategic Report

2

Director's Report

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

Mr Anthony William Hinchliffe

REGISTERED OFFICE:

The Chambers

14 Church Street

Sheffield

South Yorkshire

S1 2GN

REGISTERED NUMBER:

10176790 (England and Wales)

INDEPENDENT AUDITORS:

Landin Wilcock & Co

Statutory Auditor

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

BANKERS:

HSBC Bank Plc

Grosvenor House

1 Wellington Street

Sheffield

South Yorkshire

S1 4HP

The director presents his strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The following key financial performance indicators provide information to assess how the group is performing:

2025

2024

£

£

Turnover

634,197

604,525

Profit/(Loss) before tax

(841,032

)

78,464

Net assets

5,632,307

6,440,682

The company continues to focus on residential and student property in Sheffield. Turnover increased from £604,525 to £634,197, reflecting continued rental income from the company's property portfolio. The investment property balance remained unchanged at £11,720,077 at 31 March 2025.

The company recorded a loss before taxation of £841,032 for the year, compared with a profit before taxation of £78,464 in 2024. Performance was adversely affected by high finance costs, with interest payable of £522,780 compared with £375,615 in the prior year. In addition, the accounts include a loss on sale of tangible fixed assets of £361,429 and an impairment of assets of £346,125, which further reduced profitability in the year.

Net assets decreased from £6,440,682 to £5,632,307. The balance sheet remains supported by substantial fixed assets, including investment property of £11,720,077, although the company continues to operate with significant borrowings and related party balances.

The director continues to monitor the principal risks facing the business, including interest rate movements, refinancing risk, property valuations, occupancy levels and the ongoing cost of repairs and maintenance. These matters are reviewed regularly in order to protect cash flow and the long-term value of the company's property interests.

ON BEHALF OF THE BOARD:

Mr Anthony William Hinchliffe - Director

6 August 2026

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a property investment company.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

FUTURE DEVELOPMENTS

There were no significant post balance sheet events requiring disclosure. The board expects the Sheffield residential and student rental markets to remain supportive, with good levels of occupancy and scope for further rental optimisation, subject to tenant affordability and wider economic conditions.

The group's previous deleveraging strategy envisaged the sale of several properties; no such disposals were completed in the year as commercially acceptable offers were not achieved. The board's revised plan is to progress the sale of one property, following that disposal, to refinance the remaining portfolio with a view to simplifying funding arrangements and reducing overall finance costs.

DIRECTOR

Mr Anthony William Hinchliffe held office during the whole of the period from 1 April 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Landin Wilcock & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr Anthony William Hinchliffe - Director

6 August 2026

Opinion

We have audited the financial statements of Mayfield Properties Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern

We draw attention to Note 2 to the financial statements, which explains that the Company's cash flow forecasts assume the successful completion of a proposed refinancing, the proceeds of which are expected to strengthen liquidity, reduce debt servicing costs and facilitate the planned reduction of significant intercompany indebtedness owed to a related company that is currently experiencing cash flow pressures. Consequently, the cash flow forecasts of both entities are dependent upon the successful completion of the refinancing and the associated improvement in liquidity. The Company is currently engaged in advanced discussions with finance providers regarding the refinancing package and indicative terms have been agreed in principle, subject to the satisfactory completion of due diligence, valuation work and final credit approval procedures.

As disclosed in Note 2, whilst the directors remain confident that the refinancing will be successfully concluded, the transaction had not been completed at the date of approval of the financial statements and remains subject to matters outside the Company's direct control. Should the refinancing not complete, the anticipated liquidity benefits and reduction in intercompany exposure may not be realised.

These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the Company's ability to continue as a going concern.

Key audit matters

Except for the matter described in the Material uncertainty related to going concern section, we have determined that there are no other key audit matters to be communicated in our report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Director's Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- minimal reliance was placed upon the operating effectiveness of internal controls in the design and performance of our substantive procedures;

- discussions were held with management considering known or suspected non-compliance with laws, regulations and fraud;

- journal entries were reviewed for any entries made outside the ordinary reporting processes with particular emphasis on those with unusual account combinations, entries crediting revenue and those without specific descriptions;

- management assumptions in their significant accounting estimates were challenged and scrutinised.

There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Hampstead (Senior Statutory Auditor)

for and on behalf of Landin Wilcock & Co

Statutory Auditor

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

6 August 2026

TURNOVER

634,197

604,525

Administrative expenses

(951,349

)

(292,464

)

(317,152

)

312,061

Other operating income

-

7,924

Gain/loss on revaluation of investment property

-

122,042

OPERATING (LOSS)/PROFIT

4

(317,152

)

442,027

Interest receivable and similar income

1,624

14,776

(315,528

)

456,803

Interest payable and similar expenses

5

(525,504

)

(378,339

)

(LOSS)/PROFIT BEFORE TAXATION

(841,032

)

78,464

Tax on (loss)/profit

6

32,657

(20,849

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(808,375

)

57,615

(LOSS)/PROFIT FOR THE YEAR

(808,375

)

57,615

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(808,375

)

57,615

FIXED ASSETS

Tangible assets

7

33,272

45,640

Investments

8

2,381,721

3,339,295

Investment property

9

11,720,077

11,720,077

14,135,070

15,105,012

CURRENT ASSETS

Debtors

10

1,587,666

1,748,914

Cash at bank and in hand

32,580

36,384

1,620,246

1,785,298

CREDITORS

Amounts falling due within one year

11

(2,244,465

)

(2,543,093

)

NET CURRENT LIABILITIES

(624,219

)

(757,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,510,851

14,347,217

CREDITORS

Amounts falling due after more than one year

12

(7,397,205

)

(7,392,540

)

PROVISIONS FOR LIABILITIES

16

(481,339

)

(513,995

)

NET ASSETS

5,632,307

6,440,682

CAPITAL AND RESERVES

Called up share capital

17

4,378,705

4,378,705

Retained earnings

18

1,253,602

2,061,977

SHAREHOLDERS' FUNDS

5,632,307

6,440,682

The financial statements were approved by the director and authorised for issue on 6 August 2026 and were signed by:

Mr Anthony William Hinchliffe - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

4,378,705

2,004,362

6,383,067

Changes in equity

Total comprehensive income

-

57,615

57,615

Balance at 31 March 2024

4,378,705

2,061,977

6,440,682

Changes in equity

Total comprehensive income

-

(808,375

)

(808,375

)

Balance at 31 March 2025

4,378,705

1,253,602

5,632,307

1.	STATUTORY INFORMATION

Mayfield Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

Mayfield Properties Limited continues to operate as a stable and resilient business with a clear strategic focus on maintaining its long-term sustainability. The company remains committed to prudent financial management and careful stewardship of its property portfolio, which continues to perform strongly across both residential and student accommodation. Management actively monitors market conditions, tenant demand and financing costs, and considers the business to be well positioned to manage external challenges while pursuing sustainable growth.

The portfolio is expected to remain highly occupied during the year ahead, with occupancy forecast at approximately 97%, allowing for normal tenancy changeover periods. Student demand remains robust and student rents are scheduled to increase from £20,996 per month to £22,482 per month, representing an annual increase of £17,832. In addition, 12 of the 14 student apartments have already been secured six months ahead of the forthcoming academic year, providing early visibility over a significant proportion of future income.

The company continues to maintain disciplined capital expenditure, with expenditure limited to essential repairs and maintenance. No significant renovation projects are planned during the period to 31 March 2027. This approach supports cash preservation while ensuring that the quality and attractiveness of the portfolio is maintained.

The company is progressing a refinancing which is expected, if completed, to release approximately £1.0 million of additional funding and reduce monthly debt servicing costs by approximately £3,000. Discussions with prospective lenders have progressed positively and the director has received indicative support for the proposed transaction. However, the refinancing remains subject to the satisfactory completion of lender due diligence procedures, valuation work, legal documentation and other customary conditions precedent. Accordingly, whilst the director remains confident that the refinancing can be successfully concluded, completion cannot be regarded as certain at the date of approval of these financial statements.

The director expects that a portion of the refinancing proceeds will be utilised to reduce intercompany indebtedness owed to a related company which is currently experiencing cash flow pressures. As a result, the successful completion of the refinancing is expected to strengthen the liquidity position of both entities and reduce exposure to short-term cash flow constraints.

Following completion of the refinancing, the company will continue to explore opportunities to improve operational efficiency, reduce overhead costs where appropriate and further strengthen cash generation.

In assessing the appropriateness of the going concern basis, the director has reviewed detailed forecasts and projected cash flows covering a period of at least twelve months from the date of approval of these financial statements. In reaching this assessment, the director has considered the following matters:

- The expected completion of the proposed refinancing and the resulting improvement in liquidity and debt servicing costs.

- The anticipated reduction in intercompany indebtedness and the corresponding improvement in the financial position of the related company.

- Forecast occupancy levels of approximately 97%, reflecting continued demand across the portfolio.

- Contracted and expected rental income, including the scheduled increase in student accommodation rents and the substantial proportion of student accommodation already secured for the forthcoming academic year.

- The results of the recent portfolio valuation exercise, which were consistent with management's expectations.

- The company's continued focus on controlling expenditure and preserving cash resources.

Having considered the above matters, the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future and therefore continues to adopt the going concern basis in preparing these financial statements.

However, the forecasts of both Mayfield Properties Limited and the related company remain dependent upon the successful completion of the refinancing and the associated cash flow benefits being realised. Although substantive progress has been made and indicative support has been obtained from prospective lenders, the refinancing remains subject to matters outside the direct control of the company, including the satisfactory completion of lender due diligence and valuation procedures. Consequently, a material uncertainty exists which may cast significant doubt upon the company's ability to continue as a going concern.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Mayfield Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Mayfield Property Assets LLP, The Chambers, 14 Church Street, Sheffield, S1 2GN.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based upon 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 recongised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Investment properties

Investment properties are measured at their fair valuation. Professional valuations are periodically undertaken by independent chartered surveyors on all of the company's investment properties and the fair valuation is updated to this valuation estimate. In the intervening reporting periods between professional valuations, the trends in the property market are considered and applied to the company's investment properties. Where, in the opinion of the director, the fair values have changed significantly, the value of investment properties are updated accordingly.

Impairment of alternative investments

Alternative investments are assessed for impairment at each reporting date. Where there is an indication of impairment, an impairment loss is recognised in profit or loss for the amount by which the carrying value exceeds the recoverable amount. The recoverable amount is the higher of the asset’s fair value less costs to sell and its value in use. The investments are judged not to have a value in use given their nature. Fair valuation is determined through review of observable market information for similar assets sold.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue on rental income is recognised evenly over the period for which the rental payment relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 asset of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Fixed asset investments

Fixed asset investments, including alternative investment holdings, are stated at cost less any accumulated impairment losses.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2025, nor for the year ended 31 March 2024.

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

12,368

19,411

Loss on disposal of fixed assets

361,429

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest payable

522,780

375,615

Hire purchase

2,724

2,724

525,504

378,339

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2025

2024

£

£

Deferred tax

(32,657

)

20,849

Tax on (loss)/profit

(32,657

)

20,849

7.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

28,621

69,500

98,121

DEPRECIATION

At 1 April 2024

26,418

26,063

52,481

Charge for year

1,509

10,859

12,368

At 31 March 2025

27,927

36,922

64,849

NET BOOK VALUE

At 31 March 2025

694

32,578

33,272

At 31 March 2024

2,203

43,437

45,640

8.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

1,950,003

1,950,003

Other investments not loans

431,718

1,389,292

2,381,721

3,339,295

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,950,003

NET BOOK VALUE

At 31 March 2025

1,950,003

At 31 March 2024

1,950,003

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Alternative investments

431,718

1,389,292

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ant Marketing Limited

Registered office: The Chambers, 14 Church Street, Sheffield, S1 2GN

Nature of business: Telesales and call centre based marketing

%

Class of shares:

holding

Ordinary

100.00

Mayfield Commercial Properties Limited

Registered office: The Chambers, 14 Church Street, Sheffield, S1 2GN

Nature of business: Commercial property rental

%

Class of shares:

holding

Ordinary

100.00

Mayfield Student Properties Limited

Registered office: The Chambers, 14 Church Street, Sheffield, S1 2GN

Nature of business: Student property rental

%

Class of shares:

holding

Ordinary

100.00

Mayfield Residential Properties Limited

Registered office: The Chambers, 14 Church Street, Sheffield, S1 2GN

Nature of business: Residential property rental

%

Class of shares:

holding

Ordinary

100.00

9.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

11,720,077

NET BOOK VALUE

At 31 March 2025

11,720,077

At 31 March 2024

11,720,077

The fair value of the company's investment properties were revalued on 31 March 2025 by the company director.

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,484

24,776

Amounts owed by group undertakings

1,455,063

1,315,990

Other debtors

44,243

305,017

Directors' current accounts

54,905

91,089

Called up share capital not paid

1

1

Prepayments

9,970

12,041

1,587,666

1,748,914

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 13)

10,462

9,952

Hire purchase contracts (see note 14)

10,819

10,348

Trade creditors

41,419

34,962

Amounts owed to group undertakings

1,860,224

2,161,488

Tax

25,999

32,421

Other creditors

207,633

192,633

Accruals and deferred income

87,909

101,289

2,244,465

2,543,093

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 13)

7,375,399

7,356,763

Hire purchase contracts (see note 14)

21,806

35,777

7,397,205

7,392,540