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REGISTERED NUMBER: 06950032 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SOUTH EAST MEZZANINE LIMITED

SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH EAST MEZZANINE LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M E Chambers





REGISTERED OFFICE: Unit 7, Ton Business Park
2-8 Morley Road
Tonbridge
Kent
TN9 1RA





REGISTERED NUMBER: 06950032 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 84,662 36,087

CURRENT ASSETS
Stocks 34,780 29,471
Debtors 6 427,794 215,304
Cash at bank and in hand 528,726 265,590
991,300 510,365
CREDITORS
Amounts falling due within one year 7 424,798 194,091
NET CURRENT ASSETS 566,502 316,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,164

352,361

CREDITORS
Amounts falling due after more than one year 8 - (4,757 )

PROVISIONS FOR LIABILITIES (21,164 ) (9,021 )
NET ASSETS 630,000 338,583

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 629,998 338,581
SHAREHOLDERS' FUNDS 630,000 338,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Balance Sheet - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





M E Chambers - Director


SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

South East Mezzanine Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

- Rendering of services
When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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


SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
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 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.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 5 months. The provision is measured at the salary cost payable for the period of absence.

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 34,669 30,397 28,850 10,865 104,781
Additions - 1,581 72,203 2,682 76,466
Disposals - - (28,850 ) - (28,850 )
At 31 July 2024 34,669 31,978 72,203 13,547 152,397
DEPRECIATION
At 1 August 2023 34,612 20,203 9,917 3,962 68,694
Charge for year - 2,761 6,222 3,919 12,902
Eliminated on disposal - - (13,861 ) - (13,861 )
At 31 July 2024 34,612 22,964 2,278 7,881 67,735
NET BOOK VALUE
At 31 July 2024 57 9,014 69,925 5,666 84,662
At 31 July 2023 57 10,194 18,933 6,903 36,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,230 185,934
Amounts owed by group undertakings 203,000 8,730
Other debtors 33,564 20,640
427,794 215,304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,155
Trade creditors 313,655 133,889
Taxation and social security 17,000 28,432
Other creditors 94,143 23,615
424,798 194,091

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 4,757

SOUTH EAST MEZZANINE LIMITED (REGISTERED NUMBER: 06950032)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
M E Chambers
Balance outstanding at start of year 274 (155 )
Amounts advanced 319 429
Amounts repaid (610 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17 ) 274

The loan from the company to the director is unsecured, interest free and repayable on demand.