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Registered number: 13250138
Mezcalito Islington 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—4
Page 1
Balance Sheet
Registered number: 13250138
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,267 48,807
42,267 48,807
CURRENT ASSETS
Stocks 5 - 6,400
Debtors 6 69,580 88,397
Cash at bank and in hand 13,530 17,525
83,110 112,322
Creditors: Amounts Falling Due Within One Year 7 (203,915 ) (221,235 )
NET CURRENT ASSETS (LIABILITIES) (120,805 ) (108,913 )
TOTAL ASSETS LESS CURRENT LIABILITIES (78,538 ) (60,106 )
NET LIABILITIES (78,538 ) (60,106 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (78,638 ) (60,206 )
SHAREHOLDERS' FUNDS (78,538) (60,106)
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 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mezcalito Islington Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13250138 . The registered office is Hurlingham Studios, Ranelagh Gardens, London, 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:
Leasehold 12% Reducing Balance Method
Plant & Machinery 15% 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: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 38,609 35,619 74,228
As at 31 March 2025 38,609 35,619 74,228
Depreciation
As at 1 April 2024 12,543 12,878 25,421
Provided during the period 3,128 3,412 6,540
As at 31 March 2025 15,671 16,290 31,961
...CONTINUED
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Net Book Value
As at 31 March 2025 22,938 19,329 42,267
As at 1 April 2024 26,066 22,741 48,807
5. Stocks
2025 2024
£ £
Stock - 6,400
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 18,817
Other debtors 8,120 8,120
Intercompany - Mezcal Holdings Ltd 61,460 61,460
69,580 88,397
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 34 -
Other taxes and social security - 714
VAT - 12,639
Accruals and deferred income - 1,800
Director's loan account 707 707
Intercompany - Mezcalito Brompton Ltd 225 -
Intercompany - Mezcalito Chelsea Ltd 202,949 205,375
203,915 221,235
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Creditors is the following director loan:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Ms Laure Geas (707 ) - - - (707 )
The above loan is unsecured, interest free and repayable on demand.
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