Company registration number 09368255 (England and Wales)
Mair Lets Limited
Unaudited financial statements
for the year ended 31 December 2025
Pages for filing with registrar
Mair Lets Limited
Chartered Accountants' report to the director on the preparation of the
unaudited statutory financial statements of Mair Lets Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mair Lets Limited for the year ended 31 December 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the Director of Mair Lets Limited, in accordance with the terms of our engagement letter dated 11 March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Mair Lets Limited and state those matters that we have agreed to state to the Director of Mair Lets Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mair Lets Limited and its Director, for our work or for this report.

It is your duty to ensure that Mair Lets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mair Lets Limited. You consider that Mair Lets 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 financial statements of Mair Lets 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 f inancial statements.

James Milne
5 Bon Accord Square
Aberdeen
AB11 6XZ
28 July 2026
Mair Lets Limited
Statement of financial position
as at 31 December 2025
31 December 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,695
285
Current assets
Debtors
968
375
Cash at bank and in hand
4,647
6,542
5,615
6,917
Creditors: amounts falling due within one year
(1,708)
(2,251)
Net current assets
3,907
4,666
Net assets
5,602
4,951
Capital and reserves
Called up share capital
-
0
-
0
Profit and loss reserves
5,602
4,951
Total equity
5,602
4,951

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

Mair Lets Limited
Statement of financial position (continued)
as at 31 December 2025
31 December 2025
3
The financial statements were approved and signed by the director and authorised for issue on 21 July 2026
Fiona Mair
Director
Company registration number 09368255 (England and Wales)
Mair Lets Limited
Notes to the financial statements
for the year ended 31 December 2025
4
1
Accounting policies
Company information

Mair Lets Limited is a private company limited by shares incorporated in England and Wales. The registered office is International House, 36-38 Cornhill, London, EC3V 3NG.

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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services. Where services are performed gradually over time revenue is recognised as activity progresses by reference to the value of the work performed.

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:

Fixtures and fittings
3 years straight line and 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.

1.4
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

Mair Lets Limited
Notes to the financial statements (continued)
for the year ended 31 December 2025
1
Accounting policies (continued)
5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Tangible fixed assets
Total
£
Cost
At 1 January 2025
5,187
Additions
2,016
Disposals
(1,893)
At 31 December 2025
5,310
Depreciation and impairment
At 1 January 2025
4,902
Depreciation charged in the year
606
Eliminated in respect of disposals
(1,893)
At 31 December 2025
3,615
Carrying amount
At 31 December 2025
1,695
At 31 December 2024
285
Mair Lets Limited
Notes to the financial statements (continued)
for the year ended 31 December 2025
6
3
Directors' transactions

During the year, the director entered into the following advances an credits with the company:

Description
Opening credit balance
Amounts advanced
Amounts repaid
Closing credit balance
£
£
£
£
Fiona Mair - Directors Loan
1,102
276
(1,102)
276
1,102
276
(1,102)
276
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