2024-01-012024-12-312024-12-31false10484231MIZEN ( NETHER STREET ) 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MIZEN ( NETHER STREET ) LIMITED

Registered Number
10484231
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

MIZEN ( NETHER STREET ) LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

TANSEY, Bernard Joseph

Company Secretary

TANSEY, Barry Bernard

Registered Address

No 1 Railshead Road
Old Isleworth
TW7 7EP

Registered Number

10484231 (England and Wales)
MIZEN ( NETHER STREET ) LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks3250,000355,656
Debtors418,771677
268,771356,333
Creditors amounts falling due within one year5(228,611)(293,167)
Net current assets (liabilities)40,16063,166
Total assets less current liabilities40,16063,166
Net assets40,16063,166
Capital and reserves
Called up share capital22
Profit and loss account40,15863,164
Shareholders' funds40,16063,166
The financial statements were approved and authorised for issue by the Director on 20 February 2025, and are signed on its behalf by:
TANSEY, Bernard Joseph
Director
Registered Company No. 10484231
MIZEN ( NETHER STREET ) LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private limited company incorporated in England. Its registered number is 10484231. Its registered office and principal place of business is No 1 Railshead Road, St Margarets, Old Isleworth, Middlesex, TW7 7EP. The company is a wholly-owned subsidiary of Saltees Properties Limited. Its registered office is 3rd Floor, 37 Frederick Place, Brighton, Sussex, BN1 4EA. Consolidated accounts of Saltees Properties Limited can be obtained from Companies House, Cardiff. This is the largest group of which Mizen (Nether Street) Limited is a member for which group accounts are prepared. The company is ultimately controlled by the Jerusalem Trust, based in the Isle of Man. The financial statements are presented in sterling, which is the functional currency of the company
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents gross income receivable, excluding VAT, on the sale of development properties. Profits or losses on the sale of development properties are recognised on the completion of contracts for sale.
Finance costs
Interest on borrowings is charged to the profit and loss account when incurred. Other finance costs are charged over the term of the debt.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value. Cost includes the purchase and subsequent expenditure specifically attributable to a development property.
2.Average number of employees

20242023
Average number of employees during the year00
3.Stocks

2024

2023

££
Work in progress250,000355,656
Total250,000355,656
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables18,094-
Other debtors677677
Total18,771677
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,5283,107
Bank borrowings and overdrafts8263,626
Amounts owed to related parties52,19552,195
Other creditors137,061121,161
Accrued liabilities and deferred income32,001113,078
Total228,611293,167