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Registered number: 12651523
Armada Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Mitlev Services Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12651523
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 212,425 197,974
Debtors 5 52,359 50,864
Cash at bank and in hand 95,261 129,726
360,045 378,564
Creditors: Amounts Falling Due Within One Year 6 (230,890 ) (252,384 )
NET CURRENT ASSETS (LIABILITIES) 129,155 126,180
TOTAL ASSETS LESS CURRENT LIABILITIES 129,155 126,180
NET ASSETS 129,155 126,180
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 129,055 126,080
SHAREHOLDERS' FUNDS 129,155 126,180
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr M Ifergan
Director
18/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Armada Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12651523 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of 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.
The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors and shareholders.
2.2. Turnover
Turnover represents property sales and net invoiced rents and commission receivable, including value-added tax.
2.3. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 
2.4. Taxation
Taxation for the period 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.
2.5. Deferred Taxation
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 period 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.
2.6. Short term debtors and creditors
Short-term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Stocks
2025 2024
£ £
Stock 212,425 197,974
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 52,359 50,864
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 230,207 231,093
Taxation and social security 683 21,291
230,890 252,384
7. Related Party Transactions
Other creditors include amounts of £229,507 (2024: £229,593) owed to companies which have directors in common with the company.
During the year, the company paid a £1,500 fee to a company with common directors. The transaction was conducted at arm’s length and on normal commercial terms.
Page 3