Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-02-01falseNo description of principal activityfalse 14627809 2023-01-31 14627809 2023-02-01 2024-01-31 14627809 2022-02-01 2023-01-31 14627809 2024-01-31 14627809 c:Director1 2023-02-01 2024-01-31 14627809 d:FurnitureFittings 2023-02-01 2024-01-31 14627809 d:FurnitureFittings 2024-01-31 14627809 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 14627809 d:OfficeEquipment 2023-02-01 2024-01-31 14627809 d:OfficeEquipment 2024-01-31 14627809 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 14627809 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 14627809 d:CurrentFinancialInstruments 2024-01-31 14627809 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14627809 d:ShareCapital 2024-01-31 14627809 d:RetainedEarningsAccumulatedLosses 2024-01-31 14627809 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 14627809 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 14627809 c:OrdinaryShareClass1 2023-02-01 2024-01-31 14627809 c:OrdinaryShareClass1 2024-01-31 14627809 c:FRS102 2023-02-01 2024-01-31 14627809 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 14627809 c:FullAccounts 2023-02-01 2024-01-31 14627809 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14627809 d:WithinOneYear 2024-01-31 14627809 d:BetweenOneFiveYears 2024-01-31 14627809 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14627809









MEHMET EFENDI 1953 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
MEHMET EFENDI 1953 LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MEHMET EFENDI 1953 LTD
FOR THE PERIOD ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mehmet Efendi 1953 Ltd for the period ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Mehmet Efendi 1953 Ltd in accordance with the terms of our engagement letter dated 15th May 2024Our work has been undertaken solely to prepare for your approval the financial statements of Mehmet Efendi 1953 Ltd and state those matters that we have agreed to state to the director of Mehmet Efendi 1953 Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mehmet Efendi 1953 Ltd and its director for our work or for this report. 

It is your duty to ensure that Mehmet Efendi 1953 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mehmet Efendi 1953 Ltd. You consider that Mehmet Efendi 1953 Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Mehmet Efendi 1953 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
291 Green Lanes
Palmers Green
London
N13 4XS
29 October 2024
Page 1

 
MEHMET EFENDI 1953 LTD
REGISTERED NUMBER: 14627809

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
273,804

  
273,804

Current assets
  

Stocks
  
15,648

Debtors: amounts falling due within one year
 5 
60,902

Cash at bank and in hand
 6 
8,884

  
85,434

Creditors: amounts falling due within one year
 7 
(233,737)

Net current (liabilities)/assets
  
 
 
(148,303)

Total assets less current liabilities
  
125,501

Provisions for liabilities
  

Deferred tax
  
(61,185)

  
 
 
(61,185)

Net assets
  
64,316


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
64,216

  
64,316


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 
Page 2

 
MEHMET EFENDI 1953 LTD
REGISTERED NUMBER: 14627809
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024





Muhterem Turantaylak
Director

Date: 29 October 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
MEHMET EFENDI 1953 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

MEHMET EFENDI 1953 LTD is a private company limited by share capital, incorporated in England and Wales, registration number 14627809. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of food and beverages
The sale of food, beverages and merchandise are recognised at the point of sale.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
MEHMET EFENDI 1953 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
7 years Straight line
Office equipment
-
5 years Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
MEHMET EFENDI 1953 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 12.

Page 6

 
MEHMET EFENDI 1953 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


Additions
317,000
2,612
319,612



At 31 January 2024

317,000
2,612
319,612



Depreciation


Charge for the period on owned assets
45,286
522
45,808



At 31 January 2024

45,286
522
45,808



Net book value



At 31 January 2024
271,714
2,090
273,804


5.


Debtors

2024
£


Other debtors
60,902

60,902



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
8,884

8,884


Page 7

 
MEHMET EFENDI 1953 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
66,584

Other taxation and social security
18,129

Other creditors
144,760

Accruals and deferred income
4,264

233,737



8.


Deferred taxation



2024


£






Charged to profit or loss
(61,185)



At end of year
(61,185)

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
(68,451)

Tax losses carried forward
7,266

(61,185)


9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares of £1 each have been allotted, called up and fully paid in the period.

Page 8

 
MEHMET EFENDI 1953 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

10.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
84,000

Later than 1 year and not later than 5 years
14,000

98,000


11.


Related party transactions

Included within Other creditors due within less than 1 year is a loan amount of £144,040 due to a company under common control. The loan is unsecured, free of interest and repayable on demand. 
Included within Other debtors due within less than 1 year is a loan amount of £18,902 due to a company under common control. The loan is unsecured, free of interest and repayable on demand. 

 
Page 9