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REGISTERED NUMBER: 09920601 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

MEHAYA LTD

MEHAYA LTD (REGISTERED NUMBER: 09920601)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEHAYA LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr P C Katz





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09920601 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MEHAYA LTD (REGISTERED NUMBER: 09920601)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 609,000 2,261,485

CURRENT ASSETS
Debtors 5 40,000 31,702
Cash at bank 4,207,165 2,690,351
4,247,165 2,722,053
CREDITORS
Amounts falling due within one year 6 970,311 805,685
NET CURRENT ASSETS 3,276,854 1,916,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,885,854

4,177,853

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 3,885,454 4,177,453
3,885,854 4,177,853

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 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 13 February 2024 and were signed by:





Mr P C Katz - Director


MEHAYA LTD (REGISTERED NUMBER: 09920601)

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

1. STATUTORY INFORMATION

Mehaya 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

31.3.23 31.3.22
£    £   
Other investments not loans 609,000 2,261,485

Additional information is as follows:
Unlisted
investme
£   
COST
At 1 April 2022
and 31 March 2023 282,278
NET BOOK VALUE
At 31 March 2023 282,278
At 31 March 2022 282,278

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Other investments 1,979,207 4,235,639

MEHAYA LTD (REGISTERED NUMBER: 09920601)

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

4. FIXED ASSET INVESTMENTS - continued
Additions 1,785,590 -
Disposals (3,438,075 ) (2,256,432 )
326,722 1,979,207

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax - 31,702
Prepayments and accrued income 40,000 -
40,000 31,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 249,949 108,339
Directors' current accounts 719,522 696,506
Accrued expenses 840 840
970,311 805,685

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed £249,949 (2022: £95,418) to Admacro Ltd, a company in which there is common directorship.

As at the balance sheet date, included in creditors due within one year is £719,522 (2022 : £696,506) due and payable to the director. The amount is interest free and repayable on demand.