Company registration number SC485075 (Scotland)
MIJAS CALLE LONDRES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
MIJAS CALLE LONDRES LIMITED
COMPANY INFORMATION
Directors
P Gray
G Gray
Company number
SC485075
Registered office
Brae Lodge
Ordhead
Sauchen
Inverurie
Aberdeenshire
AB51 7QT
Accountants
AAB Business and Tax Advisory LLP
Kingshill View
Prime Four Business Park
Kingswells
Aberdeen
AB15 8PU
MIJAS CALLE LONDRES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MIJAS CALLE LONDRES LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
608,968
608,968
Current assets
-
-
Creditors: amounts falling due within one year
4
(621,658)
(620,488)
Net current liabilities
(621,658)
(620,488)
Total assets less current liabilities
(12,690)
(11,520)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(12,790)
(11,620)
Total equity
(12,690)
(11,520)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 July 2025 and are signed on its behalf by:
P GRAY
P Gray
Director
Company Registration No. SC485075
MIJAS CALLE LONDRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information
Mijas Calle Londres Limited is a private company limited by shares incorporated in Scotland. The registered office is Brae Lodge, Ordhead, Sauchen, Inverurie, Aberdeenshire, AB51 7QT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Going concern
These financial statements are prepared on the going concern basis. At the balance sheet date, the company had net current liabilities of £621,658. Included within these liabilities are amounts due to the directors and related undertakings of £619,488. The financial statements are prepared on a going concern basis which assumes that the company will continue to meet its liabilities as they fall due. Furthermore, the directors have confirmed they shall continue to support the company to facilitate its ability to continue trading as a going concern for the foreseeable future. As a result, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. true
1.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
1.4
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
MIJAS CALLE LONDRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
3
Investment property
2025
£
Fair value
At 29 February 2024 and 28 February 2025
608,968
The 2025 valuations were made by the directors on a fair value basis, reflecting open market value at the measurement date.
The director considers that there has been no material change in the property value at the year end.
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,170
Other creditors
619,488
619,488
Accruals and deferred income
1,000
1,000
621,658
620,488
5
Related party transactions
During the current year, no advances or credits were received by the company from the director, resulting in a balance of £619,488 due by the company to the director at the year end (2024 – £619,488).
There are no fixed repayment terms, nor is interest charged on the above balance.