Mayfair International Private Wealth - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11049792 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

Mayfair International Private

Wealth Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Magee

REGISTERED OFFICE:

Woonton House

Laysters

Leominster

Herefordshire

HR6 0HL

REGISTERED NUMBER:

11049792 (England and Wales)

ACCOUNTANTS:

Altus Business Consulting

Chartered Accountants

88-89 High Street

Wordsley

Stourbridge

West Midlands

DY8 5SB

FIXED ASSETS

Property, plant and equipment

4

6,409

819

CURRENT ASSETS

Debtors

5

69,916

20,732

Cash in hand

45,973

20,729

115,889

41,461

CREDITORS

Amounts falling due within one year

6

33,957

37,421

NET CURRENT ASSETS

81,932

4,040

TOTAL ASSETS LESS CURRENT LIABILITIES

88,341

4,859

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET ASSETS

38,341

4,859

CAPITAL AND RESERVES

Called up share capital

4,001

4,001

Retained earnings

34,340

858

38,341

4,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 March 2021 and were signed by:

R Magee - Director

1.	STATUTORY INFORMATION

Mayfair International Private Wealth Management 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 December 2019

1,198

Additions

5,957

At 30 November 2020

7,155

DEPRECIATION

At 1 December 2019

379

Charge for year

367

At 30 November 2020

746

NET BOOK VALUE

At 30 November 2020

6,409

At 30 November 2019

819

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Other debtors

69,916

20,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade creditors

14

25,000

Taxation and social security

33,943

12,421

33,957

37,421

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans

50,000

-