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REGISTERED NUMBER: 01437620 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Mistreed Limited

Mistreed Limited (Registered number: 01437620)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mistreed Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: K Rajani
Mrs P Rajani





SECRETARY: Mrs P Rajani





REGISTERED OFFICE: 4 Oxhey Ridge Close
Northwood
Middlesex
HA6 3JU





REGISTERED NUMBER: 01437620 (England and Wales)






Mistreed Limited (Registered number: 01437620)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,100,000 1,080,000

CURRENT ASSETS
Debtors 5 - 371
Cash at bank 18,977 17,451
18,977 17,822
CREDITORS
Amounts falling due within one year 6 72,567 74,905
NET CURRENT LIABILITIES (53,590 ) (57,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,410

1,022,917

CREDITORS
Amounts falling due after more than one
year

7

(133,283

)

(143,815

)

PROVISIONS FOR LIABILITIES (169,355 ) (164,355 )
NET ASSETS 743,772 714,747

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 9 781,260 766,260
Retained earnings (42,488 ) (56,513 )
SHAREHOLDERS' FUNDS 743,772 714,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Mistreed Limited (Registered number: 01437620)

Balance Sheet - continued
30 April 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 8 April 2024 and were signed on its behalf by:





K Rajani - Director


Mistreed Limited (Registered number: 01437620)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Mistreed 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.

Turnover
Turnover represents rent receivable.

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 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 1,080,000
Revaluations 20,000
At 30 April 2023 1,100,000
NET BOOK VALUE
At 30 April 2023 1,100,000
At 30 April 2022 1,080,000

Mistreed Limited (Registered number: 01437620)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2014 600,617
Valuation in 2018 75,000
Valuation in 2019 255,000
Valuation in 2023 20,000
Cost 149,383
1,100,000

The investment property comprises of a freehold property. The fair value of the property is carried out on the basis of the valuation carried out by the Directors on 30th April 2023.The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors - 371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other Creditors 2,999 2,999
Social security and other taxes 130 -
Directors' current accounts 67,663 70,153
Accrued expenses 1,775 1,753
72,567 74,905

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loan 133,283 143,815

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 133,283 143,815

Lloyds Bank PLC has a first charge on the flats 1-3, Edgware Road, London, W2 1DY.

Mistreed Limited (Registered number: 01437620)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. RESERVES
Revaluation
reserve
£   
At 1 May 2022 766,260
Revaluation reserve-
non distributable 15,000

At 30 April 2023 781,260

Revaluation reserves are non-distributable revenue reserves.