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REGISTERED NUMBER: 14611753 (England and Wales)















MOSFILO TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024






MOSFILO TRADING LIMITED (REGISTERED NUMBER: 14611753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOSFILO TRADING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024







DIRECTORS: S Andreou
C Andreou





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 14611753 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MOSFILO TRADING LIMITED (REGISTERED NUMBER: 14611753)

BALANCE SHEET
31 JANUARY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 8,151,000

CURRENT ASSETS
Debtors 5 400,295

CREDITORS
Amounts falling due within one year 6 1,156,355
NET CURRENT LIABILITIES (756,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,394,940

CREDITORS
Amounts falling due after more than one year 7 2,566,971
NET ASSETS 4,827,969

CAPITAL AND RESERVES
Called up share capital 9 1,000
Share premium 10 4,858,623
Retained earnings 10 (31,654 )
SHAREHOLDERS' FUNDS 4,827,969

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

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

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 16 October 2024 and were signed on its behalf by:





S Andreou - Director


MOSFILO TRADING LIMITED (REGISTERED NUMBER: 14611753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Mosfilo Trading 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.

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

Turnover is recognised when the properties are occupied.

Tangible fixed assets
Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

Taxation
Taxation for the period 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 period 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 period was 3 .

MOSFILO TRADING LIMITED (REGISTERED NUMBER: 14611753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 8,151,000
At 31 January 2024 8,151,000
NET BOOK VALUE
At 31 January 2024 8,151,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by associates 400,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 229,918
Other creditors 926,437
1,156,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 2,566,971

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loan 2,770,276

The Bank loan is secured by way of a fixed and floating charges, and negative pledge over the company's properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary £1 1,000

1,000 Ordinary Shares of £1 each were issued during the. For a premium of £4,858.62 each in return for the introduction of properties at market value from Mosfilo LLP.

MOSFILO TRADING LIMITED (REGISTERED NUMBER: 14611753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024


10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

Deficit for the period (31,654 ) (31,654 )
Share premium - 4,858,623 4,858,623
At 31 January 2024 (31,654 ) 4,858,623 4,826,969

11. RELATED PARTY DISCLOSURES

At the period-end date, included within debtors, amount falling due within one year, is an amount of £400,295 owed by related entity in which the director S Andreou has beneficial interest.

This amount is unsecured, interest-free and repayable on demand.

At the period-end date, included within creditors, amounts falling due within one year, are the amounts of £439,071 and £1,186 owed to the directors, S Andreou and C Andreou respectively.

These amounts are unsecured, interest-free and payable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling parties are S Andreou and C Andreou.

The ultimate controlling party is S Andreou by virtue of his shareholdings.