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REGISTERED NUMBER: 10493270 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MEDITERRANEAN OCCASIONS LTD

MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDITERRANEAN OCCASIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Miss O Ozdemir
Mr M De Saragga RA Garcia





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10493270 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,566 70,550

CURRENT ASSETS
Stocks 5 3,222 4,420
Debtors 6 164,671 66,970
Cash at bank and in hand 23,085 93,620
190,978 165,010
CREDITORS
Amounts falling due within one year 7 98,859 82,675
NET CURRENT ASSETS 92,119 82,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,685

152,885

CREDITORS
Amounts falling due after more than one
year

8

163,404

152,543
NET ASSETS 281 342

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 81 142
SHAREHOLDERS' FUNDS 281 342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Miss O Ozdemir - Director


MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Mediterranean Occasions 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.

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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 17,075 33,621 40,521 6,837 98,054
Additions - 5,228 - 1,501 6,729
At 30 November 2023 17,075 38,849 40,521 8,338 104,783
DEPRECIATION
At 1 December 2022 - 9,653 15,781 2,070 27,504
Charge for year - 2,612 2,474 627 5,713
At 30 November 2023 - 12,265 18,255 2,697 33,217
NET BOOK VALUE
At 30 November 2023 17,075 26,584 22,266 5,641 71,566
At 30 November 2022 17,075 23,968 24,740 4,767 70,550

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 3,222 4,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Rent deposit 5,750 5,750
Social security - 640
Amounts due from related party 96,966 -
Other debtors 56,500 56,500
Prepayments 5,455 4,080
164,671 66,970

MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 29,504 14,528
Trade creditors 6,526 6,533
Tax 39,941 36,809
Social security and other taxes 2,698 -
Amounts due from related party - 5,996
VAT 16,268 10,739
Other creditors 676 4,665
Pension 246 224
Directors' current accounts - 181
Accrued expenses 3,000 3,000
98,859 82,675

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 149,846 134,951
Hire purchase contracts 13,558 17,592
163,404 152,543

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,745 76,839

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 29,504 14,528

Amounts falling due between one and two years:
Bank loans - 1-2 years 29,504 14,528

Amounts falling due between two and five years:
Bank loans - 2-5 years 89,597 43,584

Amounts falling due in more than five years:

MEDITERRANEAN OCCASIONS LTD (REGISTERED NUMBER: 10493270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 30,745 76,839

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
200 Ordinary Share Capital 1 200 200