Mayfair Lettings (Hull) Limited - Accounts to registrar (filleted) - small 18.2

MAYFAIR LETTINGS (HULL) LIMITED - Company Information

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REGISTERED NUMBER: 09433560 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2018

for

Mayfair Lettings (Hull) Limited

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

Mrs B A Willson

R M D Hart

REGISTERED OFFICE:

74 Lairgate

Beverley

East Yorkshire

HU17 8EU

REGISTERED NUMBER:

09433560 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

37,368

45,376

CURRENT ASSETS

Debtors

1,391,525

955,593

Cash at bank

11,101

3,633

1,402,626

959,226

CREDITORS

Amounts falling due within one year

153,185

64,848

NET CURRENT ASSETS

1,249,441

894,378

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,286,809

939,754

CREDITORS

Amounts falling due after more than one
year

(1,255,817

)

(929,525

)

PROVISIONS FOR LIABILITIES

(7,100

)

(8,621

)

NET ASSETS

23,892

1,608

CAPITAL AND RESERVES

Called up share capital

Retained earnings

23,891

1,607

SHAREHOLDERS' FUNDS

23,892

1,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9th November 2018 and were signed on its behalf
by:

Mrs B A Willson - Director

1.	STATUTORY INFORMATION

Mayfair Lettings (Hull) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1st March 2017

and 28th February 2018

53,383

DEPRECIATION

At 1st March 2017

8,007

Charge for year

8,008

At 28th February 2018

16,015

NET BOOK VALUE

At 28th February 2018

37,368

At 28th February 2017

45,376

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

Trade debtors

9,968

GI Engineering Ltd

20,400

Mayfair Apartments Ltd

1,354,397

949,073

Mayfair Property (Hull) Ltd

760

520

340 Ltd

6,000

1,391,525

955,593

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

Bank loans and overdrafts

120,000

29,500

Trade creditors

2,070

Taxation

6,786

4,148

Other creditors

23,529

Accrued expenses

800

7,671

153,185

64,848

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2018

2017

Bank loans - 1-2 years

120,000

29,500

Bank loans - 2-5 years

360,000

88,500

Bank loans more 5 yr by instal

775,817

811,525

1,255,817

929,525

2018

2017

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

775,817

811,525

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

Ordinary

£1

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 Statement of Comprehensive Income 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 Mayfair Lettings (Hull) Limited for the year ended 28th February 2018 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mayfair Lettings (Hull) 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 Mayfair Lettings (Hull) Limited and state those matters that we have agreed to state to the Board of Directors of Mayfair Lettings (Hull) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayfair Lettings (Hull) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mayfair Lettings (Hull) 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 Mayfair Lettings (Hull) Limited. You consider that Mayfair Lettings (Hull) 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 Mayfair Lettings (Hull) 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.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

9th November 2018