Company Registration No. 1215097 (England and Wales)
May & Philpot Management Limited
Unaudited accounts
for the year ended 31 May 2026
May & Philpot Management Limited
Unaudited accounts
Contents
May & Philpot Management Limited
Company Information
for the year ended 31 May 2026
Directors
Jonathan Lovejoy
Georgina Lovejoy
Michael Thornton
Rachael Thornton
Company Number
1215097 (England and Wales)
Registered Office
Newnham & Son Ltd
39 College Street
Petersfield
Hampshire
GU31 4AG
England
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
May & Philpot Management Limited
Statement of financial position
as at 31 May 2026
Tangible assets
193,669
196,603
Cash at bank and in hand
143,595
101,645
Creditors: amounts falling due within one year
(6,197)
(6,750)
Net current assets
229,170
287,619
Total assets less current liabilities
422,839
484,222
Creditors: amounts falling due after more than one year
(11,500)
(11,500)
Net assets
411,339
472,722
Called up share capital
1,000
1,000
Capital redemption reserve
100,436
100,436
Profit and loss account
309,903
371,286
Shareholders' funds
411,339
472,722
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2026 and were signed on its behalf by
Jonathan Lovejoy
Director
Company Registration No. 1215097
May & Philpot Management Limited
Notes to the Accounts
for the year ended 31 May 2026
May & Philpot Management Limited is a private company, limited by shares, registered in England and Wales, registration number 1215097. The registered office is Newnham & Son Ltd, 39 College Street, Petersfield, Hampshire, GU31 4AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2025
293,425
970
3,609
298,004
At 31 May 2026
293,425
970
3,609
298,004
At 1 June 2025
96,822
970
3,609
101,401
Charge for the year
2,934
-
-
2,934
At 31 May 2026
99,756
970
3,609
104,335
At 31 May 2026
193,669
-
-
193,669
At 31 May 2025
196,603
-
-
196,603
May & Philpot Management Limited
Notes to the Accounts
for the year ended 31 May 2026
Amounts falling due within one year
Accrued income and prepayments
6,685
7,652
Other debtors
47,326
121,886
Amounts falling due after more than one year
Other debtors
37,761
63,186
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
(41)
701
Deferred income
3,833
3,833
7
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
11,500
11,500
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
60,942
-
37,383
23,559
Directors loan
60,942
-
37,383
23,559
During the year, the company received repayments of £74,766 (2025: 74,766).The balance will continue to be repaid each year by each director until fully repaid. The loans to G Lovejoy & R Thornton are charged at the HMRC official rate of interest for beneficial loans and each director pays this amount in full each year.
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).