2023-05-29 2024-05-28 10822446 Mithom Properties Limited false 10822446 2023-05-29 2024-05-28 10822446 uk-bus:Director1 2023-05-29 2024-05-28 10822446 uk-bus:AuditExempt-NoAccountantsReport 2023-05-29 2024-05-28 10822446 uk-bus:SmallEntities 2023-05-29 2024-05-28 10822446 uk-bus:FullAccounts 2023-05-29 2024-05-28 10822446 uk-bus:PrivateLimitedCompanyLtd 2023-05-29 2024-05-28 10822446 2023-05-29 10822446 2024-05-28 10822446 2023-05-28 xbrli:pure iso4217:GBP 10822446 2022-05-29 2023-05-28
Company Registration Number : 10822446 (England and Wales)
10822446
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-05-28
false
Mithom Properties Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-05-29
Mithom Properties Limited
Unaudited filleted financial statements
For the year ended 28 May 2024
Mithom Properties Limited
Contents
For the year ended 28 May 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Mithom Properties Limited
Company Information
For the year ended 28 May 2024

Company registration number 10822446 (England and Wales)
Director Ajay Mathur
Company secretary Neelima Sinha
Registered office address 78 Wallace Court 40 Tizzard Grove
London
United Kingdom
SE3 9FD
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
United kingdom
HA3 8DP
Mithom Properties Limited
Statement of Financial Position
For the year ended 28 May 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 437 -
Investment Property 665,000 665,000
5 665,437 665,000
Current assets
Debtors 752 752
Debtors: Amounts falling due after more than one year 8,685 8,685
Cash and cash equivalents 5,335 25,042
14,771 34,478
Current liabilities
Creditors: Amounts falling due within one year (164,039) (175,401)
Corporation tax payable - (2,521)
(164,039) (177,922)
Net current (liabilities)/assets (149,268) (143,443)
Total assets less current liabilities 516,169 521,557
Non-current liabilities
Creditors: Amounts falling due after more than one year (519,575) (524,492)
Net (liabilities)/assets (3,406) (2,935)
Capital and reserves
Called up share capital 415 415
Retained earnings (3,821) (3,350)
Shareholders' funds (3,406) (2,935)
For the year ended 28 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 28 May 2024 the company was entitled to exemption from audit 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 February 2025
.............................
Ajay Mathur (Director)
Company registration number: 10822446
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-05-28 28 May 2024
2024 2023
£ £
Fixed Assets 665,437 665,000
Current Assets 6,086 25,793
Creditors: amounts falling due within one year (164,039) (177,922)
Net current assets (liabilities) (157,953) (152,128)
Total assets less current liabilities 507,484 512,872
CREDITORS: Amounts falling due more than one year (519,575) (524,492)
Net Assets (liabilities) (3,406) (2,935)
Capital and Reserves (3,406) (2,935)
For the year ending 28/05/2024 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. For the year ending 28-05-2024 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 February 2025 2025-02-25 and signed on behalf of the board,
.............................
Ajay Mathur
Director
Company registration number: 10822446
Mithom Properties Limited
Notes to the Financial Statements
For the year ended 28 May 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 78 Wallace Court 40 Tizzard Grove, London, United Kingdom, SE3 9FD.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
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.
Interest income
Interest income is recognised using the effective interest method.
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.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment33% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
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.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 29 May 20239,730665,000674,730
Additions447-447
As at 28 May 202410,177665,000675,177
Depreciation/Amortisation
As at 29 May 20239,730-9,730
For the year10-10
As at 28 May 20249,740-9,740
Net book value
As at 28 May 2024437665,000665,437
As at 28 May 2023-665,000665,000

(6) Creditors > 1 year (Bank loans)
The mortgage loans are secured on the properties.

(7) Investment Properties
FRS 102 IA requires deferred tax to be accounted for assets that are subject to revaluation. Consequently, no deferred tax was
recognised on 28 May 2024 as there is no revaluation found during the year.