MAYFAIR_HOUSING_&_COMMERC - Accounts
MAYFAIR_HOUSING_&_COMMERC - Accounts
Company Registration No. 06711607 (England and Wales)
FOR THE YEAR ENDED 30 APRIL 2015
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
Business address
8 Weir Road
Balham
London
United Kingdom
SW12 0NA
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Statement of total recognised gains and losses
4
Balance sheet
5
Notes to the financial statements
6 - 7
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2015
- 1 -
The directors present their report and financial statements for the year ended 30 April 2015.
Principal activities
Directors
The following directors have held office since 1 May 2014:
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Director
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAYFAIR HOUSING & COMMERCIAL CONCERNS LIMITED FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
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 Housing & Commercial Concerns Limited for the year ended 30 April 2015 set out on pages 3 to 7 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Mayfair Housing & Commercial Concerns Limited, as a body, in accordance with the terms of our engagement letter dated 24 July 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Mayfair Housing & Commercial Concerns Limited and state those matters that we have agreed to state to the Board of Directors of Mayfair Housing & Commercial Concerns Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayfair Housing & Commercial Concerns Limited and it's Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Mayfair Housing & Commercial Concerns 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 loss of Mayfair Housing & Commercial Concerns Limited. You consider that Mayfair Housing & Commercial Concerns 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 Housing & Commercial Concerns 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.
Bryden Johnson
Chartered Accountants
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
2015
2014
Notes
£
£
Turnover
-
Administrative expenses
-
(62,160 )
Operating loss
-
(41,285 )
Interest payable and similar charges
-
(21,671 )
Loss on ordinary activities before taxation
-
(62,956 )
Tax on loss on ordinary activities
2
-
-
Loss for the year
7
-
(62,956 )
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
FOR THE YEAR ENDED 30 APRIL 2015
- 4 -
2015
2014
Notes
£
£
Loss for the financial year
-
(62,956 )
Prior year adjustment
7
-
(57,000 )
Total gains and losses recognised since last financial statements
-
(119,956 )
BALANCE SHEET
AS AT
30 APRIL 2015
- 5 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
4
Cash at bank and in hand
-
Creditors: amounts falling due within one year
5
-
(36,477 )
Total assets less current liabilities
Capital and reserves
Called up share capital
6
Profit and loss account
7
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 6 January 2016
Director
Company Registration No. 06711607
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
- 6 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 .
2
Taxation
The company has estimated losses of £ 31,478 (2014 - £ 31,478) available for carry forward against future trading profits.
3
Dividends
2015
2014
£
£
Ordinary interim paid
-
600,000
4
Debtors
2015
2014
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
Other debtors
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 7 -
5
Creditors: amounts falling due within one year
2015
2014
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
-
Other creditors
-
-
6
Share capital
2015
2014
£
£
Allotted, called up and fully paid
7
Statement of movements on profit and loss account
Profit
and loss
account
and loss
account
£
Balance at 1 May 2014
Balance at 30 April 2015
8
Control
The ultimate parent company is Tregony Investment Properties Limited, a company incorporated and registered in England & Wales. The immediate parent company is Mayfair Housing & Commercial Investments Limited, a company incorporated and registered in England & Wales. The ultimate controlling party is A Ahmad, the majority shareholder of Tregony Investment Properties Limited.
9
Related party relationships and transactions
The company has taken advantage of the exemption available in FRS 8 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.