IRIS Accounts Production v25.1.0.734 11048568 Board of Directors 1.12.23 30.11.24 30.11.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110485682023-11-30110485682024-11-30110485682023-12-012024-11-30110485682022-11-30110485682022-12-012023-11-30110485682023-11-3011048568ns15:EnglandWales2023-12-012024-11-3011048568ns14:PoundSterling2023-12-012024-11-3011048568ns10:Director12023-12-012024-11-3011048568ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011048568ns10:SmallEntities2023-12-012024-11-3011048568ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3011048568ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011048568ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011048568ns10:FullAccounts2023-12-012024-11-3011048568ns10:OrdinaryShareClass12023-12-012024-11-3011048568ns10:Director22023-12-012024-11-3011048568ns10:RegisteredOffice2023-12-012024-11-3011048568ns5:CurrentFinancialInstruments2024-11-3011048568ns5:CurrentFinancialInstruments2023-11-3011048568ns5:Non-currentFinancialInstruments2024-11-3011048568ns5:Non-currentFinancialInstruments2023-11-3011048568ns5:ShareCapital2024-11-3011048568ns5:ShareCapital2023-11-3011048568ns5:RetainedEarningsAccumulatedLosses2024-11-3011048568ns5:RetainedEarningsAccumulatedLosses2023-11-3011048568ns5:PlantMachinery2023-12-012024-11-3011048568ns5:LandBuildings2023-11-3011048568ns5:PlantMachinery2023-11-3011048568ns5:LandBuildings2023-12-012024-11-3011048568ns5:LandBuildings2024-11-3011048568ns5:PlantMachinery2024-11-3011048568ns5:LandBuildings2023-11-3011048568ns5:PlantMachinery2023-11-3011048568ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011048568ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3011048568ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 11048568 (England and Wales)


Financial Statements for the Year Ended 30 November 2024

for

Mahal Real Estate Ltd

Mahal Real Estate Ltd (Registered number: 11048568)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mahal Real Estate Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr Avtar Singh Mahal
Mrs Akhjinder Kaur Mahal





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 11048568 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Mahal Real Estate Ltd (Registered number: 11048568)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,350,387 1,350,977

CURRENT ASSETS
Debtors 5 1,213 1,068
Cash at bank and in hand 39,805 42,530
41,018 43,598
CREDITORS
Amounts falling due within one year 6 255,500 124,076
NET CURRENT LIABILITIES (214,482 ) (80,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,135,905

1,270,499

CREDITORS
Amounts falling due after more than one
year

7

1,067,326

1,226,137
NET ASSETS 68,579 44,362

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 68,479 44,262
SHAREHOLDERS' FUNDS 68,579 44,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Mahal Real Estate Ltd (Registered number: 11048568)

Statement of Financial Position - continued
30 November 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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr Avtar Singh Mahal - Director


Mahal Real Estate Ltd (Registered number: 11048568)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Mahal Real Estate 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 gross sales of invoiced goods and services including Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 1,348,615 5,600 1,354,215
DEPRECIATION
At 1 December 2023 - 3,238 3,238
Charge for year - 590 590
At 30 November 2024 - 3,828 3,828
NET BOOK VALUE
At 30 November 2024 1,348,615 1,772 1,350,387
At 30 November 2023 1,348,615 2,362 1,350,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 1,213 1,068

Mahal Real Estate Ltd (Registered number: 11048568)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 60,495 15,000
Taxation and social security 5,817 4,839
Other creditors 189,188 104,237
255,500 124,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 1,067,326 1,226,137

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan 3 65,000 65,000
Bank Loan 4 60,000 60,000
Bank Loan 5 277,886 277,882
Bank Loan 6 218,075 218,075
620,961 620,957

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100