Maincome Properties Limited
Statement of financial position
as at 31 January 2026
Tangible assets
223,590
260,320
Cash at bank and in hand
56,938
645
Creditors: amounts falling due within one year
(254,311)
(251,300)
Net current liabilities
(189,585)
(245,735)
Profit and loss account
34,005
14,585
Shareholders' funds
34,005
14,585
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 31 October 2026 and were signed on its behalf by
Joshua Thomas Mayhew
Director
Company Registration No. 15410893
Maincome Properties Limited
Notes to the Accounts
for the year ended 31 January 2026
Maincome Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 15410893. The registered office is Dolgoch, Tre'r Ddol, Machynlleth, Powys, SY20 8PN, Wales.
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 as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
245,150
3,742
18,500
267,392
Disposals
(34,000)
-
-
(34,000)
At 31 January 2026
211,150
3,742
25,000
239,892
At 1 February 2025
-
3,742
3,330
7,072
Charge for the year
-
-
9,230
9,230
At 31 January 2026
-
3,742
12,560
16,302
At 31 January 2026
211,150
-
12,440
223,590
At 31 January 2025
245,150
-
15,170
260,320
Maincome Properties Limited
Notes to the Accounts
for the year ended 31 January 2026
Amounts falling due within one year
Trade debtors
59,467
3,015
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
5,280
3,120
Taxes and social security
1,969
145
Loans from directors
247,062
257,389
7
Average number of employees
During the year the average number of employees was 1 (2025: 1).