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REGISTERED NUMBER: 05456413 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MARIO LEWIS INVESTMENTS LIMITED

MARIO LEWIS INVESTMENTS LIMITED (REGISTERED NUMBER: 05456413)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARIO LEWIS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 May 2024







DIRECTOR: M L Efstratiou





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 05456413 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

MARIO LEWIS INVESTMENTS LIMITED (REGISTERED NUMBER: 05456413)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,497 3,701
Investment property 5 3,225,000 3,225,000
3,228,497 3,228,701

CURRENT ASSETS
Debtors 6 137,276 164,127
Cash at bank 32,803 36,206
170,079 200,333
CREDITORS
Amounts falling due within one year 7 49,744 43,701
NET CURRENT ASSETS 120,335 156,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,348,832

3,385,333

CREDITORS
Amounts falling due after more than one
year

8

(1,457,696

)

(1,477,551

)

PROVISIONS FOR LIABILITIES (260,429 ) (260,429 )
NET ASSETS 1,630,707 1,647,353

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 1,226,672 1,226,672
Retained earnings 403,035 419,681
SHAREHOLDERS' FUNDS 1,630,707 1,647,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MARIO LEWIS INVESTMENTS LIMITED (REGISTERED NUMBER: 05456413)

BALANCE SHEET - continued
31 May 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 25 April 2025 and were signed by:





M L Efstratiou - Director


MARIO LEWIS INVESTMENTS LIMITED (REGISTERED NUMBER: 05456413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024

1. STATUTORY INFORMATION

MARIO LEWIS INVESTMENTS 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.

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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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
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.

3. EMPLOYEES AND DIRECTORS

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

MARIO LEWIS INVESTMENTS LIMITED (REGISTERED NUMBER: 05456413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 80,889 6,631 500 88,020
Additions - 364 598 962
At 31 May 2024 80,889 6,995 1,098 88,982
DEPRECIATION
At 1 June 2023 77,425 6,513 381 84,319
Charge for year 866 120 180 1,166
At 31 May 2024 78,291 6,633 561 85,485
NET BOOK VALUE
At 31 May 2024 2,598 362 537 3,497
At 31 May 2023 3,464 118 119 3,701

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 3,225,000
NET BOOK VALUE
At 31 May 2024 3,225,000
At 31 May 2023 3,225,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2016 746,470
Valuation in 2020 145,961
Valuation in 2023 594,670
Cost 1,737,899
3,225,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 1,737,899 1,737,899

Investment property was valued on an open market basis on 31 May 2024 by the director .

MARIO LEWIS INVESTMENTS LIMITED (REGISTERED NUMBER: 05456413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 18,832 17,482
Other debtors 118,444 146,645
137,276 164,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 26,702 24,320
Trade creditors 5,505 3,420
Taxation and social security 10,088 8,512
Other creditors 7,449 7,449
49,744 43,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 1,457,696 1,477,551

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,374,931 1,373,452

Repayable by instalments
Bank loans more 5 yr by instal 19,962 39,788

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 1,484,398 1,501,871

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 1,226,672