MISTREED LIMITED

Company Registration Number:
01437620 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

MISTREED LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

MISTREED LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,200,000 1,100,000
Total fixed assets: 1,200,000 1,100,000
Current assets
Cash at bank and in hand: 13,712 18,977
Total current assets: 13,712 18,977
Creditors: amounts falling due within one year: 4 (91,117) (72,557)
Net current assets (liabilities): (77,405) (53,580)
Total assets less current liabilities: 1,122,595 1,046,420
Creditors: amounts falling due after more than one year: 5 (137,988) (133,283)
Provision for liabilities: (172,760) (169,355)
Total net assets (liabilities): 811,847 743,782
Capital and reserves
Called up share capital: 5,000 5,000
Revaluation reserve:6877,853781,258
Profit and loss account: (71,006) (42,476)
Shareholders funds: 811,847 743,782

The notes form part of these financial statements

MISTREED LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 January 2025
and signed on behalf of the board by:

Name: K A Rajani
Status: Director

The notes form part of these financial statements

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.

Other accounting policies

Borrowing costs All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method. Taxation Taxation for the year 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 A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised 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 liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. 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 year 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. No judgement No significant judgements or estimates have been made in preparation of these financial statements

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 2 3

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 1,100,000
Revaluations 100,000
At 30 April 2024 1,200,000
Net book value
At 30 April 2024 1,200,000
At 30 April 2023 1,100,000

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

Other taxes and social security of £404 (2023 - £130) Other creditors of £90712 (2023 - £72428)

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

Bank loans secured on the assets of the company of £172,760 (2023: £169,355)

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Revaluation reserve

2024
£
Balance at 01 May 2023 781,258
Surplus or deficit after revaluation 96,595
Balance at 30 April 2024 877,853

MISTREED LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: The loan is interest free and repayable on demand.
£
Balance at 01 May 2023 67,663
Balance at 30 April 2024 69,446