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REGISTERED NUMBER: 09759582 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Mitra Capital Limited

Mitra Capital Limited (Registered number: 09759582)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mitra Capital Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Anand
Mrs P Anand





SECRETARY: Mrs P Anand





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL





REGISTERED NUMBER: 09759582 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Mitra Capital Limited (Registered number: 09759582)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 29,042 38,723
Investments 5 25,000 25,000
Investment property 6 1,183,000 1,063,793
1,237,042 1,127,516

CURRENT ASSETS
Debtors 7 475,025 475,025
Cash at bank 743 15,036
475,768 490,061
CREDITORS
Amounts falling due within one year 8 1,559,476 1,563,265
NET CURRENT LIABILITIES (1,083,708 ) (1,073,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,334

54,312

PROVISIONS FOR LIABILITIES 22,649 -
NET ASSETS 130,685 54,312

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 9 96,558 -
Retained earnings 9 34,027 54,212
130,685 54,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Mitra Capital Limited (Registered number: 09759582)

Balance Sheet - continued
31 March 2023


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 6 November 2023 and were signed on its behalf by:




R Anand - Director



Mrs P Anand - Director


Mitra Capital Limited (Registered number: 09759582)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mitra Capital 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

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.

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 1 (2022 - 1 ) .

Mitra Capital Limited (Registered number: 09759582)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 657 98,016 4,366 103,039
DEPRECIATION
At 1 April 2022 657 60,835 2,824 64,316
Charge for year - 9,295 386 9,681
At 31 March 2023 657 70,130 3,210 73,997
NET BOOK VALUE
At 31 March 2023 - 27,886 1,156 29,042
At 31 March 2022 - 37,181 1,542 38,723

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022
and 31 March 2023 25,000
NET BOOK VALUE
At 31 March 2023 25,000
At 31 March 2022 25,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,063,793
Revaluations 119,207
At 31 March 2023 1,183,000
NET BOOK VALUE
At 31 March 2023 1,183,000
At 31 March 2022 1,063,793

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 119,207
Cost 1,063,793
1,183,000

Mitra Capital Limited (Registered number: 09759582)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,063,793 1,063,793

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 475,025 475,025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 4,573 15,383
Directors' current accounts 1,553,883 1,546,862
Accrued expenses 1,020 1,020
1,559,476 1,563,265

9. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 April 2022 54,212 - 54,212
Profit for the year 106,373 106,373
Dividends (30,000 ) (30,000 )
Transfer (96,558 ) 96,558 -
At 31 March 2023 34,027 96,558 130,585