Mayo Land Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01088751 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

MAYO LAND COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

J D Field

R A Larkin

SECRETARY:

J D Field

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

01088751 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

657

774

Investment property

5

437,750

425,000

438,407

425,774

CURRENT ASSETS

Stocks

241,160

Debtors

6

129,814

255,816

Cash at bank

5,898,226

589,874

6,269,200

1,086,850

CREDITORS

Amounts falling due within one year

7

3,120,028

389,023

NET CURRENT ASSETS

3,149,172

697,827

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,587,579

1,123,601

PROVISIONS FOR LIABILITIES

8

80,747

77,589

NET ASSETS

3,506,832

1,046,012

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

9

322,332

309,582

Retained earnings

3,184,400

736,330

SHAREHOLDERS' FUNDS

3,506,832

1,046,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2026 and were signed on its behalf by:

J D Field - Director

1.	STATUTORY INFORMATION

Mayo Land Company 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

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover

Turnover represents sales of land and property. Such income is recognised on exchange of contracts.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on 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.

Stocks

The company's land bank is valued at the lower of cost and net realisable value, after taking all relevant factors into account.

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.

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.

Other operating income

This represents net rents due to the company, before adjustment for bad debts. Rents are recognised on raising of invoices to tenants.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2025

and 31 March 2026

14,038

3,415

476

17,929

DEPRECIATION

At 1 April 2025

13,447

3,232

476

17,155

Charge for year

89

28

-

117

At 31 March 2026

13,536

3,260

476

17,272

NET BOOK VALUE

At 31 March 2026

502

155

-

657

At 31 March 2025

591

183

-

774

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

425,000

Revaluations

12,750

At 31 March 2026

437,750

NET BOOK VALUE

At 31 March 2026

437,750

At 31 March 2025

425,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2007

194,582

Valuation in 2024

90,000

Valuation in 2025

25,000

Valuation in 2026

12,750

Cost

115,418

437,750

If The property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

115,418

The property was valued on an open market basis on 31 March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

35,287

Directors' current accounts

72,702

52,618

Tax

21,825

24,711

VAT

-

143,200

129,814

255,816

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Tax

1,185,963

381,873

Social security and other taxes

1,234

1,155

VAT

1,930,125

-

Other creditors

349

206

Deposits held

455

Owed to Larkin Trust

1,000

Accrued expenses

902

4,334

3,120,028

389,023

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

80,747

77,589

Deferred

tax

£

Balance at 1 April 2025

77,589

Provided during year

3,158

Balance at 31 March 2026

80,747

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

309,582

Revaluation in year

12,750

At 31 March 2026

322,332

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

J D Field

Balance outstanding at start of year

52,618

31,982

Amounts advanced

20,083

21,605

Amounts repaid

-

(969

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

72,701

52,618

This loan is interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

A loan was made to Five Oak Country Store Limited by Mayo Land Company Limited, a company in which Mrs J Field is a director and shareholder. There was no movement on the loan during the year with the opening balance of £35,287 remaining the same at the balance sheet date. There is no interest being charged and there is no formal fixed date for repayment.

At the balance sheet date, the director, Mrs J Field also owed the company £72,702 (2025: £52,619). This loan is interest free and repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mayo Land Company Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Mayo Land Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mayo Land Company Limited and state those matters that we have agreed to state to the Board of Directors of Mayo Land Company Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayo Land Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mayo Land Company 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 Mayo Land Company Limited. You consider that Mayo Land Company 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 Mayo Land Company 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 financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

21 September 2026