REGISTERED NUMBER:
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MAYFAIR DEVELOPMENT FINANCE |
LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD |
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26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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REGISTERED NUMBER:
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MAYFAIR DEVELOPMENT FINANCE |
LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD |
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26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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MAYFAIR DEVELOPMENT FINANCE |
LTD (REGISTERED NUMBER: 09890611) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Certified Accountants' Report | 6 |
MAYFAIR DEVELOPMENT FINANCE |
LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Tax Advisers and |
Chartered Certified Accountants |
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MAYFAIR DEVELOPMENT FINANCE |
LTD (REGISTERED NUMBER: 09890611) |
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ABBREVIATED BALANCE SHEET |
31ST MARCH 2017 |
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Notes | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Investments |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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MAYFAIR DEVELOPMENT FINANCE |
LTD (REGISTERED NUMBER: 09890611) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Preparation of consolidated financial statements |
The financial statements contain information about Mayfair Development Finance Ltd as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of |
the Companies Act 2006 not to prepare consolidated financial statements. |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related Party |
Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents fees invoiced to the customers, excluding Value Added Tax. |
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All of the turnover relates to two classes of business- procurement of commercial property finance and insurance |
intermediary. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Current asset investments |
The current asset investments are stated at lower of cost and net realisable value and any gains or losses on disposals are |
recognised in the profit and loss account. |
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Fixed asset investments |
Investments in subsidiaries are shown at cost less provision for impairment. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
Additions | 7 |
At 31st March 2017 | 7 |
NET BOOK VALUE |
At 31st March 2017 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
31.1.18 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 31/01/2018 are not yet available. |
MAYFAIR DEVELOPMENT FINANCE |
LTD (REGISTERED NUMBER: 09890611) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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2. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
31.12.17 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 31/12/2017 are not yet available. |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
28.2.18 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 28/02/2018 are not yet available. |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
31.10.17 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 31/10/2017 are not yet available. |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
30.9.17 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 30/09/2017 are not yet available. |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
30.11.17 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 30/11/2017 are not yet available. |
MAYFAIR DEVELOPMENT FINANCE |
LTD (REGISTERED NUMBER: 09890611) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 26TH NOVEMBER 2015 TO 31ST MARCH 2017 |
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2. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares of £1 each | 100.00 |
30.9.17 |
£ |
Aggregate capital and reserves | 1 |
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The accounts for the first accounting period ending 30/09/2017 are not yet available. |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
MAYFAIR DEVELOPMENT FINANCE |
LTD |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared. |
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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 Development Finance Ltd for the period ended 31st March 2017 which comprise the Profit and Loss Account, |
the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have |
given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Mayfair Development Finance Ltd, 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 Development Finance Ltd and state those matters that we have agreed to state to the Board of Directors of Mayfair Development Finance Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Mayfair Development Finance Ltd 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 Development Finance Ltd. You consider that Mayfair Development Finance Ltd is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Mayfair Development Finance Ltd. 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. |
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Chartered Tax Advisers and |
Chartered Certified Accountants |
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25th August 2017 |