Company Registration No. SC643827 (Scotland)
MENDI PROPERTIES LTD
Unaudited accounts
for the year ended 31 December 2023
MENDI PROPERTIES LTD
Unaudited accounts
Contents
MENDI PROPERTIES LTD
Company Information
for the year ended 31 December 2023
Directors
Kajal Omprakash Kachhawah
Ashish Kumar Mehndiratta
Company Number
SC643827 (Scotland)
Registered Office
c/o Avid Accountants
21 Blythswood Square
Glasgow
G2 4BL
United Kingdom
Accountants
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
MENDI PROPERTIES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
390,970
283,059
Cash at bank and in hand
13,521
29,846
Creditors: amounts falling due within one year
(15,885)
(4,029)
Net current (liabilities)/assets
(2,364)
29,539
Total assets less current liabilities
402,306
324,298
Creditors: amounts falling due after more than one year
(439,840)
(353,461)
Net liabilities
(37,534)
(29,163)
Called up share capital
2
2
Profit and loss account
(37,536)
(29,165)
Shareholders' funds
(37,534)
(29,163)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by
Ashish Kumar Mehndiratta
Director
Company Registration No. SC643827
MENDI PROPERTIES LTD
Notes to the Accounts
for the year ended 31 December 2023
MENDI PROPERTIES LTD is a private company, limited by shares, registered in Scotland, registration number SC643827. The registered office is c/o Avid Accountants, 21 Blythswood Square, Glasgow, G2 4BL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 31 December 2023
409,221
Charge for the year
10,197
At 31 December 2023
18,251
At 31 December 2023
390,970
At 31 December 2022
283,059
5
Investments
Other investments
Valuation at 1 January 2023
11,700
Valuation at 31 December 2023
13,700
MENDI PROPERTIES LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,333
3,333
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
233,744
154,365
Other creditors
117,800
117,800
Loans from directors
88,296
81,296
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).