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Registered number: 11587087
Mezcalito Chelsea Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
London Accountants and Partners Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11587087
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,686 74,863
99,686 74,863
CURRENT ASSETS
Stocks 5 34,000 28,750
Debtors 6 404,071 440,561
Cash at bank and in hand 44,120 62,341
482,191 531,652
Creditors: Amounts Falling Due Within One Year 7 (78,115 ) (112,732 )
NET CURRENT ASSETS (LIABILITIES) 404,076 418,920
TOTAL ASSETS LESS CURRENT LIABILITIES 503,762 493,783
Creditors: Amounts Falling Due After More Than One Year 8 (3,161 ) (12,934 )
NET ASSETS 500,601 480,849
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 500,591 480,839
SHAREHOLDERS' FUNDS 500,601 480,849
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L Geas
Director
11 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mezcalito Chelsea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11587087 . The registered office is C/O London Accountants, Hurlingham Studios, Ranelagh Gardens, London, United Kindom, SW6 3PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 15% Straight Line Method
Plant & Machinery 15% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 15% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2024: 25)
25 25
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 - 72,844 6,750 26,397
Additions 19,574 - - 8,482
As at 31 March 2025 19,574 72,844 6,750 34,879
...CONTINUED
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Page 4
Depreciation
As at 1 April 2024 - 27,831 3,568 7,578
Provided during the period 1,209 6,752 795 3,523
As at 31 March 2025 1,209 34,583 4,363 11,101
Net Book Value
As at 31 March 2025 18,365 38,261 2,387 23,778
As at 1 April 2024 - 45,013 3,182 18,819
Computer Equipment Total
£ £
Cost
As at 1 April 2024 16,601 122,592
Additions 12,285 40,341
As at 31 March 2025 28,886 162,933
Depreciation
As at 1 April 2024 8,752 47,729
Provided during the period 3,239 15,518
As at 31 March 2025 11,991 63,247
Net Book Value
As at 31 March 2025 16,895 99,686
As at 1 April 2024 7,849 74,863
5. Stocks
31 March 2025 31 March 2024
£ £
Stock 34,000 28,750
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 6,262 586
Square Balance (6 ) 22,410
Oliver Loan 15,888 15,888
Loan to Aldo - 900
Net wages - 8,436
Intercompany Loan Mezcalito Brompton 176,478 157,306
Intercompany Loan Mezcalito Islington 202,949 205,375
Intercompany Loan Mezcal Holdings 2,500 29,660
404,071 440,561
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Page 5
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors (57,803 ) (69,023 )
Bank loans and overdrafts 12,388 10,146
Square Loan Payments 50,198 50,361
Corporation tax - (2,508 )
Other taxes and social security 6,025 12,608
VAT 26,766 74,865
Net wages 65 -
Pension Payable 1,017 1,446
Accruals and deferred income - 1,800
Director's loan account 39,459 33,037
78,115 112,732
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Bank loans 3,161 12,934
9. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 10 10
Page 5