REGISTERED NUMBER: 04075172 (England and Wales)

MAY RESIDENTIAL HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Z Kerley

Mrs V May

Miss G A May

SECRETARY:

Mrs Z Kerley

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

04075172 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Intangible assets

4

45,000

60,000

Tangible assets

5

2,296,937

2,367,778

2,341,937

2,427,778

CURRENT ASSETS

Debtors

6

40,677

16,491

Cash at bank and in hand

295,277

203,558

335,954

220,049

CREDITORS

Amounts falling due within one year

7

499,383

446,689

NET CURRENT LIABILITIES

(163,429

)

(226,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,178,508

2,201,138

CREDITORS

Amounts falling due after more than one year

8

(1,749,682

)

(1,870,284

)

PROVISIONS FOR LIABILITIES

11

(9,232

)

(9,840

)

NET ASSETS

419,594

321,014

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

419,494

320,914

SHAREHOLDERS' FUNDS

419,594

321,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2026 and were signed on its behalf by:

Mrs Z Kerley - Director

1.	STATUTORY INFORMATION

May Residential Homes 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net fees and services, excluding value added tax. Turnover is recognised at the earlier of monies received or invoice being raised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold properties

-

2% on cost

Improvements to properties

-

2% on cost

Office equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 77 (2024 - 78 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

333,530

AMORTISATION

At 1 January 2025

273,530

Amortisation for year

15,000

At 31 December 2025

288,530

NET BOOK VALUE

At 31 December 2025

45,000

At 31 December 2024

60,000

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Office

properties

properties

equipment

£

£

£

COST

At 1 January 2025

and 31 December 2025

2,003,148

1,236,795

15,346

DEPRECIATION

At 1 January 2025

412,375

468,862

15,346

Charge for year

40,063

24,736

-

At 31 December 2025

452,438

493,598

15,346

NET BOOK VALUE

At 31 December 2025

1,550,710

743,197

-

At 31 December 2024

1,590,773

767,933

-

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

415,502

3,500

3,674,291

DEPRECIATION

At 1 January 2025

406,430

3,500

1,306,513

Charge for year

6,042

-

70,841

At 31 December 2025

412,472

3,500

1,377,354

NET BOOK VALUE

At 31 December 2025

3,030

-

2,296,937

At 31 December 2024

9,072

-

2,367,778

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

18,584

1,500

Amounts owed by related company

-

1,986

Prepayments and accrued income

22,093

13,005

40,677

16,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 9)

224,601

224,601

Trade creditors

22,692

2,546

Corporation tax

116,871

74,302

Social security and other taxes

32,570

28,974

Other creditors

10,935

16,323

Amount owed to related company

5,039

-

Directors' current accounts

652

826

Accruals and deferred income

86,023

99,117

499,383

446,689

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 9)

1,749,682

1,870,284

31.12.25

31.12.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

885,965

1,006,567

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

224,601

224,601

Amounts falling due between one and two years:

Bank loans - 1-2 years

221,226

221,226

Amounts falling due between two and five years:

Bank loans - 2-5 years

642,491

642,491

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

885,965

1,006,567

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

1,974,283

2,094,885

The company bankers hold a debenture with a fixed and floating charge over all the assets of the company.

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

9,232

9,840

Deferred

tax

£

Balance at 1 January 2025

9,840

Accelerated capital allowances

(608

)

Balance at 31 December 2025

9,232

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

98

Ordinary

£1

98

98

1

A Ordinary shares

£1

1

1

1

B Ordinary shares

£1

1

1

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2025

320,914

Profit for the year

272,530

Dividends

(173,950

)

At 31 December 2025

419,494

14.	CONTROLLING PARTY

May Capital Trust, controls the company as a result of holding 100 per cent of the issued ordinary share capital of the company.