REGISTERED NUMBER: 15585082 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Mayne Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Mayne

Mrs M Mayne

REGISTERED OFFICE:

Unit 12 Pickwick Park

Park Lane

Corsham

Wiltshire

SN13 0HN

REGISTERED NUMBER:

15585082 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Investment property

4

1,315,000

1,035,000

CURRENT ASSETS

Debtors

5

69,691

32,238

Cash at bank

1,735

1,855

71,426

34,093

CREDITORS

Amounts falling due within one year

6

450,662

359,247

NET CURRENT LIABILITIES

(379,236

)

(325,154

)

TOTAL ASSETS LESS CURRENT LIABILITIES

935,764

709,846

CREDITORS

Amounts falling due after more than one year

7

(870,165

)

(685,465

)

PROVISIONS FOR LIABILITIES

(16,375

)

(6,071

)

NET ASSETS

49,224

18,310

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

51,688

53,175

Retained earnings

(2,564

)

(34,965

)

49,224

18,310

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 5 November 2026 and were signed on its behalf by:

D Mayne - Director

1.	STATUTORY INFORMATION

Mayne Property Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value.

The surplus or deficit on revaluation is recognised in the profit and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Going concern

The directors are satisfied that the company will continue to generate sufficient funds to pay debts as they fall due. The ability of the company to continue to pay its debts as and when they fall due is dependent upon the continuing financial support of the directors to the company and the ability to generate sufficient cash flow in the future. The accounts have therefore been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,035,000

Additions

281,983

Revaluations

(1,983

)

At 31 March 2026

1,315,000

NET BOOK VALUE

At 31 March 2026

1,315,000

At 31 March 2025

1,035,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

70,901

Valuation in 2026

(1,983

)

Cost

1,246,082

1,315,000

If Investment Property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

1,246,082

964,099

Investment Property was valued on an open market basis on 31 March 2026 by David Mayne, Director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

69,691

32,238

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

450,662

359,247

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

870,165

685,465

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

870,165

685,465

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Mortgages

870,165

685,465

The mortgages for the Investment properties each have a fixed charge over the respective property to which the mortgage relates.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2025

53,175

Revaluations

(1,487

)

At 31 March 2026

51,688