IRIS Accounts Production v24.2.0.383 09132247 director 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091322472023-07-31091322472024-07-31091322472023-08-012024-07-31091322472022-07-31091322472022-08-012023-07-31091322472023-07-3109132247ns15:EnglandWales2023-08-012024-07-3109132247ns14:PoundSterling2023-08-012024-07-3109132247ns10:Director12023-08-012024-07-3109132247ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109132247ns10:SmallEntities2023-08-012024-07-3109132247ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109132247ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109132247ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109132247ns10:FullAccounts2023-08-012024-07-3109132247ns10:RegisteredOffice2023-08-012024-07-3109132247ns5:CurrentFinancialInstruments2024-07-3109132247ns5:CurrentFinancialInstruments2023-07-3109132247ns5:Non-currentFinancialInstruments2024-07-3109132247ns5:Non-currentFinancialInstruments2023-07-3109132247ns5:ShareCapital2024-07-3109132247ns5:ShareCapital2023-07-3109132247ns5:FurtherSpecificReserve1ComponentTotalEquity2024-07-3109132247ns5:FurtherSpecificReserve1ComponentTotalEquity2023-07-3109132247ns5:RetainedEarningsAccumulatedLosses2024-07-3109132247ns5:RetainedEarningsAccumulatedLosses2023-07-3109132247ns5:PlantMachinery2023-08-012024-07-3109132247ns5:FurnitureFittings2023-08-012024-07-3109132247ns5:PlantMachinery2023-07-3109132247ns5:FurnitureFittings2023-07-3109132247ns5:PlantMachinery2024-07-3109132247ns5:FurnitureFittings2024-07-3109132247ns5:PlantMachinery2023-07-3109132247ns5:FurnitureFittings2023-07-3109132247ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109132247ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3109132247ns5:RetainedEarningsAccumulatedLosses2023-07-3109132247ns5:FurtherSpecificReserve1ComponentTotalEquity2023-07-3109132247ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 09132247 (England and Wales)














MISTRY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






MISTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 09132247)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MISTRY INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: R Mistry





REGISTERED OFFICE: Unit 7 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 09132247 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

MISTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 09132247)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,800 7,480
Investment property 6 3,386,000 2,976,000
3,410,800 2,983,480

CURRENT ASSETS
Debtors 7 8,492 9,038
Investments 8 7,221 11,701
Cash at bank 151,198 12,858
166,911 33,597
CREDITORS
Amounts falling due within one year 9 3,074,355 2,130,135
NET CURRENT LIABILITIES (2,907,444 ) (2,096,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,356

886,942

CREDITORS
Amounts falling due after more than one
year

10

-

(547,440

)

PROVISIONS FOR LIABILITIES (48,867 ) (11,356 )
NET ASSETS 454,489 328,146

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Non-distributable reserves 11 147,511 56,911
Retained earnings 11 306,878 271,135
SHAREHOLDERS' FUNDS 454,489 328,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

MISTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 09132247)

STATEMENT OF FINANCIAL POSITION - continued
31 July 2024


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 30 September 2024 and were signed by:





R Mistry - Director


MISTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 09132247)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Mistry Investments 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

MISTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 09132247)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 - 9,973 9,973
Additions 25,587 - 25,587
At 31 July 2024 25,587 9,973 35,560
DEPRECIATION
At 1 August 2023 - 2,493 2,493
Charge for year 6,397 1,870 8,267
At 31 July 2024 6,397 4,363 10,760
NET BOOK VALUE
At 31 July 2024 19,190 5,610 24,800
At 31 July 2023 - 7,480 7,480

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 2,976,000
Additions 282,518
Revaluations 127,482
At 31 July 2024 3,386,000
NET BOOK VALUE
At 31 July 2024 3,386,000
At 31 July 2023 2,976,000

Investment properties were valued on an open market basis on 31 July 2024 by the director.

If investment properties had not been revalued they would have been included at historical cost totalling £3,192,823.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,492 9,038

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 7,221 11,701

MISTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 09132247)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,462,840 799,571
Taxation and social security 14,394 4,861
Other creditors 1,597,121 1,325,703
3,074,355 2,130,135

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 547,440

11. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 August 2023 271,135 56,911 328,046
Profit for the year 126,343 126,343
Trf of revaluation gain/loss (90,600 ) 90,600 -
At 31 July 2024 306,878 147,511 454,389

12. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans in aggregate of £695,737 were provided to the company. At the year end the director was owed £1,477,570.

The shareholders operate a loan account with the company. During the year, loans of £78,000 were provided to the company. At the year end the shareholders were owed £78,000.